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 Month


Chris Hansen has a dream.

A Seattle hedge fund manager whose bid to move basketball's Sacramento Kings to the Pacific Northwest city was rejected by a committee of NBA owners vowed on Tuesday to push forward with efforts to buy the team. A day earlier, the National Basketball Association's relocation committee unanimously recommended against approving a request by Chris Hansen and partners, who include Microsoft CEO Steve Ballmer, to move the Kings from Sacramento, California, to Seattle. The recommendation was widely seen as a victory for the California state capital, whose mayor - himself a former NBA player - led a hastily assembled team of investors backing a rival bid for the team. But the champagne corks had barely finished popping in Sacramento when Hansen, in a statement posted on his website, vowed to fight on. Unlike the group led by Sacramento Mayor Kevin Johnson, Hansen has a signed agreement to purchase the team from its majority owners, the Maloof family, in a deal worth about $357.5 million. "We remain fully committed to seeing this transaction through," Hansen wrote. We "have offered a much higher price than the yet to be finalized Sacramento Group, and have placed all of the funds to close the transaction into escrow."



Only Way To Get A Gold Star From Hedge Fund Manager Accused Of Insider Trading Was By Bringing Him Illegal Info, Says Underling

Alternatively, if you made the mistake of approaching Todd Newman with information that was obtained through legitimate means, you'd be on the receiving end of a death stare the first time and a "What did I tell you about coming in here with a trade idea you 'thoroughly researched'? Get the fuck out of my office and don't ever waste my time with this garbage again," on subsequent occasions.