Chris Hansen has a dream. Read more »
Hedge Fund Manager Will Not Be Denied In His Quest To Move The Sacramento Kings To Seattle, Until The NBA Formally Denies Him Later This MonthBy Bess Levin
Hedge Fund Manager Will Get Chance to Fulfill Dream of Spending Hundreds of Millions of Dollars BadlyBy Jon Shazar
When Chris Hansen wanted to found a hedge fund, he did it in San Francisco; his hometown, Seattle, apparently lacked the caché.
But Hansen hasn’t forgotten where he comes from. And he still bleeds green and gold, even five years after the SuperSonics played their last game in the KeyArena.
Crucially, however, and crucially unlike any fans of, say, a former Los Angeles football team, the New Jersey Nets, Atlanta Thrashers, Montréal Expos, Vancouver Grizzlies, Hartford Whalers and Québec Nordiques, Hansen has both the wherewithal to buy Seattle a new basketball team and build it a new arena, an available badly-run franchise on the block, and the ability to overlook the fact that he’s doing the same thing to Sacramento that Oklahoma City did to Seattle in 2008. Or, for that matter, what Sacramento did to Kansas City in 1985. Read more »
…despite a cold, relentless November rain Wednesday night, several hundred people marched to the Sheraton Hotel in downtown Seattle, where Dimon was a keynote speaker at an awards ceremony for the University of Washington’s Foster School of Business. Sixth Avenue in front of the hotel was closed to traffic for less than an hour as protesters tried to block hotel entrances by locking arms. Police used pepper spray to clear a side entrance near the corner of Pike Street and Seventh Avenue so hotel patrons could enter or leave. The protest began at 6 p.m. and lasted 3 ½ hours. They stood outside and chanted slogans, while people inside sipped cocktails and looked down from a reception area with curiosity. The number of protesters dwindled after about an hour because of rain, but more than 100 stayed on to stake out the hotel. They left at 9:30 p.m. after learning that Dimon had reportedly left about 9 p.m. [Seattle Times]