Sunday, April 20, 2014
Inquirer Daily News

Chris Hansen fined $50K for opposition to new Kings arena

Chris Hansen was unable to purchase the Sacramento Kings in his attempt to bring an NBA franchise back to Seattle when the NBA rejected his $625 million bid for the team. One of the stipulations the NBA put on the Vivek Ranadive-led Sacramento ownership group was to build a "modern" arena for the team, and the California Fair Political Practice Commission found that Hansen committed $100,000 to a group attempting to gather signatures to force a city-wide vote for the new arena plans.

The FPPC has now fined Hansen $50,000 for his involvement with the anti-Kings arena group, according to the Associated Press.

The FPPC said Hansen is being punished for failing to file a campaign statement. Hansen has agreed to the fine, and the commission will vote to make it official.

Sactown RoyaltyI "believe" Chris Hansen

Hansen has since released a statement explaining his involvement with the Sacramento Arena opposition group, stating that his legal counsel advanced $80,000 of the $100,000 he committed to the party to begin collecting signatures to force a vote without his consent or knowledge.

More from SB Nation NBA:

Ziller: How to make your teammates better

5 reasons the NFL is more popular than the NBA

A Stephen Hawking theory and the Kobe clutch debate

Nets to retire Jason Kidd's jersey

Ziller: Doping, dumb luck and Gladwell's messed-up values

This article originally appeared on SBNation.

Click here for the full article »
SBNation
Latest Videos:
Also on Philly.com:
Stay Connected