July 24, 2014 7:06 AM ET

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Company Overview of Sacramento Kings Limited Partnership, LP

Company Overview

Sacramento Kings Limited Partnership, LP offers sports and entertainment services. The company owns and manages the Sacramento Kings professional basketball team that plays in the National Basketball Association. Additionally, it offers sport merchandise retailing and marketing services. The company was founded in 1945 and is headquartered in Sacramento, California. Sacramento Kings Limited Partnership, LP is a former subsidiary of Maloof Sports & Entertainment, Inc.

One Sports Parkway

Sleep Train Arena

Sacramento, CA 95834

United States

Founded in 1945

Phone:

916-928-0000

Fax:

916-928-0727

Key Executives for Sacramento Kings Limited Partnership, LP

President
Age: 43
Co-Owner
Co-Owner
Age: 58
Senior Vice President of Arena Services
Compensation as of Fiscal Year 2014.

Sacramento Kings Limited Partnership, LP Key Developments

John Kehriotis To Not To Make Bid For Sacramento Kings

John Kehriotis, minority owner of Sacramento Kings Limited Partnership, LP, has decided to not to make bid for the team. John told Business Journal, "One of my key investors dropped out." Kehriotis added, "That unnamed would-be investor still believed in the effort, but there was not enough time to get it done." John said on March 5, 2013, that he was very close to raising the money for his group's offer investors and he was going to try to buy the Kings as a minority owner with a right of first refusal. But John said that he needed to put offer by March 29, 2013. John said, "We're just running out of time. It's OK. Sacramento has a deal that hopefully will keep them in Sacramento. I put a lot of time, effort and energy. I'm sadly disappointed it didn't happen." However John added, "Sacramento still has a legitimate shot."

Larry Ellison May Counter Bid For Sacramento

Larry Ellison may couter bis for Sacramento Kings Limited Partnership, LP. Bob Cook, minority owner of Sacramento said that Larry Ellison is expected to meet soon with Kevin Johnson, Mayor of Sacramento about the Kings situation. A spokeswoman for Ellison declined comment to Sacramento Bee and the mayor's office issued this statement, "Out of respect for the private nature of these conversations, we are not commenting on any of the ongoing discussions with potential equity partners, real or imagined."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 23, 2013
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