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The Maloof family has set a Friday deadline for Sacramento investors seeking to buy the Sacramento Kings, the Sacramento Bee reported Wednesday.
Approval of the arena was the last step in what has been a full court press by Mayor Kevin Johnson to keep the city’s only major league sports team from bolting to Seattle, where a new ownership group and arena deal awaits. He now must convince NBA owners to block the Maloof family from initiating the move, a deal made public in January.