HoopsHype Chris Hansen rumors


September 12, 2013 Updates

Given the fact there aren’t any teams currently for sale, the bigger question is whether the 30-team NBA is going to expand anytime soon. “That’s up to commissioner Silver,” Stern said. And Silver replied: “I would never say it’s never going to happen. There’s nothing in the works at the moment. We were very clear when we were going through the issue with Steve Ballmer and Mr. Hansen that expansion was not in the cards right now.” Seattle Times

Silver said the NBA has more immediate concerns, namely negotiations on a television contract that expires in 2016. “Obviously the league has grown over the years and there may come a point to look at it,” Silver said, regarding expansion. “But right now coming off of our new collective bargaining agreement, we really want to make sure we have 30 franchises that are all financially sound and with great competition in their markets. “That’s where our focus is right now.” Seattle Times

September 11, 2013 Updates

San Francisco hedge-fund manager Chris Hansen and two political consultants have agreed to pay a $50,000 fine for failing to disclose a campaign contribution to a group seeking to block a new Sacramento sports arena. Hansen was accused of making an anonymous $100,000 donation in June to a signature-gathering effort to require a citywide vote on public subsidies for sports facilities. Under California campaign-disclosure laws, the contribution should have been reported by July 31. Seattle Times

September 9, 2013 Updates

Billionaire Chris Hansen must pay the California Fair Political Practices Commission $50,000 for his role in a secretive effort to funnel money to a group trying to thwart Sacramento's efforts to build a new downtown arena. Hansen gave $100,000 to a group gathering signatures to force a vote on the city's plan to help build a new home for the Sacramento Kings. It came just days after the NBA rejected his $625 million bid to buy the team and move it to Seattle. USA Today Sports

Once prospective NBA owner Chris Hansen and two of his associates will face a joint $50,000 penalty for their involvement in anti-Kings arena efforts. California’s Fair Political Practices Commission has reached an agreement on fines with Hansen and the top official and treasurer of his political committee Citizens for a Vote in Government. Fox40.com

September 3, 2013 Updates
August 29, 2013 Updates

A Sacramento group says investor Chris Hansen has not responded to its request to prevent signatures, secretly gathered to authorize a public vote on a publicly subsidized arena there, from being turned in. The group is now calling on Seattle city leaders to lean on Hansen, claiming that Seattle’s NBA future may be put at risk. After Hansen failed in his bid to move the Sacramento Kings to Seattle, it was revealed this month that he contributed at least $80,000 to pay signature gatherers who were trying to get the public subsidy for a new Sacramento arena on the ballot. The California Fair Political Practices Commission said the group behind the petition violated state law by refusing to disclose the donation. NWCN.com

August 24, 2013 Updates
August 20, 2013 Updates

Sacramento's arena war hit new levels of intensity this week after Seattle financier Chris Hansen was revealed as the secret source of money for a petition drive to put the city's arena plans to a public vote. Seizing on outrage at the news, arena supporters took to the streets Saturday, hanging more than 1,000 fliers on front doors asking residents who signed the petitions to withdraw their signatures. "Don't let Seattle money steal away our chance at 4,000 jobs for Sacramento!" the fliers urged. Arena backers, a group that includes many of the city's prominent business people and politicians, argue the Seattle funding offers proof that the two-month-old petition drive is really an attempt to derail the city's downtown arena plans and push the Kings out of town. Sacramento Bee

August 16, 2013 Updates

Chris Hansen: In this regard I would just like to highlight that I have never directly engaged with or even had any conversations or contact with STOP, Taxpayers For Safer Neighborhoods, or any the various consultants engaged in the Sacramento Arena opposition. It was also not my intent to be the primary financial sponsor of the opposition’s efforts. I merely agreed to make a donation to the opposition in what had become a competitive and heated process. SonicsArena.com

Chris Hansen, the Seattle investor who tried to buy the Sacramento Kings earlier this year, was unmasked today as the mystery donor behind the petition campaign seeking to derail the Kings' proposed new downtown arena. Hansen's involvement in donating $80,000 to a group gathering signatures in Sacramento was revealed by a source this afternoon. The revelation came one day after the state's political watchdog, the Fair Political Practices Commission, sued the Los Angeles law firm that wired $80,000 to the signature-gathering campaign. The lawsuit demanded to know the identity of the donor. A court hearing had been scheduled for Monday. Sacramento Bee

June 13, 2013 Updates

The story of the NBA returning to Seattle won't go away, and on Wednesday there were indications that progress is being made on making it happen. Tim Montemayor of KGO 810 AM in San Francisco reported the developments via Twitter. "Several NBA sources in the know tell me there have been productive talks on expansion in Seattle," Montemayor tweeted. “As the league preps for a new TV deal they have discussed a timetable but have not settled the issue. I am also told the H&B (Hansen and Ballmer) group are aware of a working plan to return the NBA to Seattle, and were told as much and acknowledged their preference to have a new franchise at the end of the NBA Kings saga." ESPN.com

Chris Hansen and Steve Ballmer, the principal investors in the prospective Seattle basketball ownership group, have reportedly started “productive” talks with the NBA for securing an expansion team. Expansion seems to be the preferred option for Hansen’s group, which lost its bid last month to acquire the Sacramento Kings and relocate them to Seattle. There appears to be a “working plan” to bring the NBA back to Seattle, according to Tim Montemayor of KGO Radio in San Francisco. “Several NBA sources in the know tell me there have been productive talks on expansion in Seattle,” Montemayor wrote Wednesday on Twitter. “As the league preps for a new TV deal they have discussed a timetable but have not settled the issue. Seattle Post-Intelligencer

June 1, 2013 Updates

Seattle's Chris Hansen has canceled his deal to buy 7 percent of the Sacramento Kings, and the share is being purchased by new team owner Vivek Ranadive. Ranadive and his partners are paying the same amount Hansen was going to pay - $15 million - according to documents filed today in U.S. Bankruptcy Court. Hansen suggested in Seattle media interviews this week that he would cancel the purchase now that the NBA has vetoed his deal to buy majority interest in the Kings and move them to the Pacific Northwest. A competing offer from software tycoon Vivek Ranadive was approved Tuesday by the NBA and closed escrow earlier Friday. Sacramento Bee

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