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The latest on major Northern California news events from the Bee newsroom.

August 23, 2012
Comcast-Spectacor's sports holdings -- to date

As reported in the Hampton Roads Business Journal, the Sacramento Kings are expected to meet next week with Comcast-Spectacor to discuss the relocation of the team to Virginia Beach. The cable giant would help build and guarantee a 25-year lease on a new stadium in exchange for naming and broadcast rights.

Comcast-Spectacor owns the Philadelphia Flyers hockey team and the multipurpose Wells Fargo Center, home to the Flyers and the Philadelphia 76ers basketball team. The firm also owns: Global Spectrum, which manages and operates public assembly venues; Ovations Food Services, which provides food at arenas and stadiums; and New Era Tickets, which provides in-house ticketing systems for arenas and stadiums.

August 23, 2012
Snapshot: Virginia Beach, Va.

By Pete Basofin

Inside Business in Hampton Roads, Va., is reporting that, according to unnamed sources, the Sacramento Kings and officials from Comcast-Spectacor are considering moving the NBA team to the resort city of Virginia Beach. Here's a snapshot of Virginia Beach:

Virginia Beach-Norfolk-Newport News MSA
Population: 1,671,683
Race: White, 59.6%; Black 31.3%; Asian, 3.5%, Other, 5.6%
Hispanic (of any race): 5.4%
Median Age: 35.4
Median Household Income: $57,315

Nielsen Local Television Market (Norfolk-Portsmth-Newport News)
2011-12 rank: 43rd
2012 TV homes: 718,750

August 23, 2012
Many Virginia Beach leaders just learning about NBA team

By Sam Stanton

Political leaders in Virginia Beach either declined comment or said they had learned of the possibilty of the Kings moving from reporters and from a press conference the mayor called today to announce that Comcast would present a proposal next week to bring a professional team to town, but that no specific team was named.

Terry Kelley, vice president of the Meridian Group, which reportedly will handle public relations for the plan, said in a phone message that he could only confirm there will be a press conference next Tuesday after the Virginia Beach council meets.

"As far as the Sacramento Kings, I'm not privy to any of those discussions," Kelley added.

August 23, 2012
Virginia Beach spokesman: Comcast guaranteed pro team

By Tony Bizjak

Virginia Beach city spokesman Marc Davis told The Sacramento Bee this morning that top city officials this week met with Comcast and Live Nation about those two companies building an arena in that city. The Sacramento Kings were not involved in that meeting, but Davis said Comcast officials said they could guarantee they could bring a professional team into the deal.

The Virginia Beach council will discuss the proposal at its meeting Tuesday.

Davis' comments to The Bee this morning: "All we can say at this point is on Tuesday of this week, the mayor and vice mayor met with Live Nation, and Comcast Spectacor and Global Spectrum. They want to bring next Tuesday an unsolicited proposal to build an arena in Virginia Beach to host a lot of things and potentially an NBA team, and the company is guaranteeing a professional sports team. They are not naming the team."

August 23, 2012
Sacramento mayor says he's not aware of potential Kings move

By Tony Bizjak

Sacramento Mayor Kevin Johnson says he is not aware of any potential move by the Sacramento Kings to Virginia Beach. He just tweeted from a New York trip: "I spoke w/h the NBA, neither they nor my office has been contacted by the Kings. At this point there is nothing new to report."

August 23, 2012
Maloofs won't discuss reports of move; NBA has 'no information'

A spokesman for the Maloof family, owners of the Sacramento Kings, today declined to discuss reports that the Kings were in talks to move to Virginia. NBA officials said they have heard no word from the Kings about a potential move.

In an emailed statement to The Sacramento Bee, Maloof spokesman Eric Rose wrote: "The Kings have been approached by numerous cities interested in buying the team and relocating it. We are not going to discuss which cities have approached the team and are not going to comment on every rumor. I can tell you that the Kings are 100% focused on putting a winning team on the court."

Mike Bass of the NBA says the NBA "has no information from the Kings on this matter, and there has been no application from the Kings for relocation."

Inside Business in Virginia Beach, however, said a discussion about a potential NBA and NHL arena is set for Tuesday's City Council meeting.

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.

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