Article in the SacBee about the Maloof's renegotiating their Palms' debt structure. The article also notes that the Kings are in a solid financial situation, even if 2011 NBA season is a lockout.
"City Treasurer Russ Fehr said his review of the Kings' books tells him the team is capable of paying its annual $5 million-plus debt here.
Maloof said team finances have stabilized this year and 'the Kings are in good shape. Our revenues are up.'"
Maloofs renegotiating loan on Vegas hotel [SacBee]
3 months ago
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