Covington & Burling and Milbank, Tweed, Hadley & McCloy have landed the lead M&A roles negotiating a potential sale of the National Basketball Association’s Sacramento Kings to an ownership group that is expected to move the team to Seattle next season.
Yahoo Sports broke the news this week of the proposed sale of the Kings, whose future in California’s capital city has been in doubt for several years as a result of the deteriorating finances of the Maloof family, which took control of the team in 1999.
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