Rejected by the NBA’s relocation committee earlier Monday, Chris Hansen fired back Monday night on his website, sonicsarena.com, saying he will see through his purchase of the Sacramento Kings, and has numerous options.
“While we are disappointed with the relocation committee’s recommendation, we just wanted to let you all know that we remain fully committed to seeing this transaction through,” he wrote.
“As you are all well aware, we have a binding transaction to purchase the Kings for what would be a record price for an NBA franchise, have one of the best ownership groups ever assembled to purchase a professional sports team in the U.S., have clearly demonstrated that we have a much more solid arena plan, 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.
“As such, we plan to unequivocally state our case for both relocation and our plan to move forward with the transaction to the league and owners at the upcoming Board of Governors meeting in mid-May.”
Hansen did not specify his options. It has been speculated that a denial of relocation could be grounds for a claim of tortious interference with the transaction between Hansen and the owners of the Kings, the Maloof family. But litigation against the league is considered by some legal experts a risky maneuver to get in the door.
The NBA has a rule against team owners suing the league or one another, but that can’t apply to an outside party such as Hansen. He has made an offer based on a valuation of $550 million, providing the Maloofs $357 million for their 65 percent share.
“When we started this process everyone thought it was impossible,” Hansen continued on his site. “While this represents yet another obstacle to achieving our goal, I just wanted to reassure all of you that we have numerous options at our disposal and have absolutely no plans to give up. Impossible is nothing but a state of mind.”
Hansen closed by offering a quote from Muhammad Ali:
“Impossible is just a big word thrown around by small men who find it easier to live in the world they’ve been given than to explore the power they have to change it. Impossible is not a fact. It’s an opinion. Impossible is not a declaration. It’s a dare. Impossible is potential. Impossible is temporary. Impossible is nothing.”