• Billionaire fined for trying to undo Kings arena

    Summary of 3 articles · Updated Sep 10, 2013
    The NBA has said that Sacramento must build a modern arena to keep the Kings in town. "I take a lot of pride trying to do things the right way in my life, and I simply should not have allowed myself to get caught up in the competitive dynamics of this situation and never should have agreed to commit any funds to the Sacramento Arena opposition Billionaire Chris Hansen must pay $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, the California Fair Political Practices Commission said Monday. The FPPC found that, just days after the NBA rejected Hansen's $625 million bid to buy the Sacramento Kings and move them to Seattle, he gave $100,000 to a group leading an effort to thwart Sacramento's efforts to keep the team. A group of investors led by technology executive Vivek Ranadive bought the team for $535 million, one day after the NBA rejected Hansen's bid.
    Source: nba.com
    • Hansen fined for effort to undo new Kings arena

      SACRAMENTO, Calif. (AP) -- Billionaire Chris Hansen must pay $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, the California Fair Political Practices Commission sa…

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