Hansen acquires 7 percent more of Sacramento Kings

SACRAMENTO, Calif. -- Chris Hansen has a new deal in place that would help increase his stake in the Sacramento Kings franchise.

In court filings, bankruptcy lawyers for Kings' minority owner Bob Cook have agreed to sell his 7 percent stake to Hansen's investment group for $15.1 million, pending judicial and NBA approval.

The purchase, if approved, would give Hansen a 72 percent stake in the Kings as he works to move the franchise to Seattle and rename it the SuperSonics. Hansen has already agreed to buy 65 percent of the team from the Maloof brothers for just over $325 million.

Other minority owners would get a first right of refusal to match the offer.

The filing includes a provision that would prohibit any other negotiations for the 7 percent until the bankruptcy judge rules on the purchase in mid April -- just a few days before the NBA owners are set to decide the fate of the Kings.

The NBA Board of Governors convene on the 18th and 19th of April to vote on the sale of the franchise. Chris Hansen's spokesperson has not commented so far.

The story was first reported by KXTV-TV in Sacramento.
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