August 23, 2012
Report: Sacramento Kings may move to Virginia, sources say

Inside Business, a Hampton Roads, Va.-based website, using unnamed sources, is reporting that the owners of the Sacramento Kings and officials from Comcast-Spectacor are considering moving the NBA team to the resort city of Virginia Beach and that Comcast will help build and lease a new pro sports arena.

City officials and the Maloof family are expected to announce Wednesday that the Kings will land in Virginia Beach, the sources told Inside Business.

"Comcast, Live Nation and Global Spectrum have come to the city," Virginia Beach Mayor Will Sessoms said last week. "They would guarantee us a professional sports team if the deal goes through."

Read the entire Inside Business story here.