- - http://www.sportstalkflorida.com -

Sacramento Mayor Announces Investors In Kings Bid

Posted By News Desk On February 28, 2013 @ 10:06 PM In NBA | No Comments

[1]SACRAMENTO, Calif. (KCRA) —Mayor Kevin Johnson announced during his State of the City address on Thursday that Mark Mastrov and Ron Burkle will be the equity investors in a proposal to buy the Kings and keep them in Sacramento.

Johnson said Mastrov will propose to buy the franchise, while Burkle will work on building an arena in downtown Sacramento.

According to Forbes Burkle’s net worth is $3.1 billion. Mastrov is the founder of 24 Hour Fitness along with many other fitness businesses worldwide who has a net worth of $350 million.

Mastrov will put in a “competitive” bid to buy the Kings to the NBA on Friday, according to Johnson.

For more on this story visit: Mike TeSelle, KCRA [2]

Sports Talk Florida broke the story first here: Mayor Johnson In Control Of Kings [3]

Sacramento Mayor Announces Investors In Kings Bid by

Article printed from : http://www.sportstalkflorida.com

URL to article: http://www.sportstalkflorida.com/sacramento-mayor-announces-investors-in-kings-bid/

URLs in this post:

[1] Image: http://www.sportstalkflorida.com/sacramento-mayor-annoucnes-investors-in-kings-bid/sacramento_mayor_kevin_johnson_2013-2/

[2] Mike TeSelle, KCRA: http://www.kcra.com/news/Johnson-names-Mastrov-Burkle-as-equity-investors-in-Kings-bid/-/11797728/19120326/-/99eim0z/-/index.html

[3] Mayor Johnson In Control Of Kings : http://www.sportstalkflorida.com/exclusive-mayor-johnson-in-control-of-kings/

Copyright © 2011 ESPN Florida. All rights reserved.