SACRAMENTO, Calif. -- Sacramento Mayor Kevin Johnson says two investors want to buy the NBA's Kings and build a downtown arena to stop the proposed move of city's only major league sports team to Seattle.
Mark Mastrov, founder of 24 Hour Fitness, will make a bid for the team. Pittsburg Penguins owner Ron Burkle will solve the city's other problem and lead a group to build a new downtown arena.
"With all due respect to Seattle, and I do wish them well and I do hope they get a team someday, let me be perfectly clear...it is not going to be this team. Not our team," said Johnson.
Johnson, a former NBA All-Star, made the announcement Thursday during his state of the city address. Johnson said Mastrov’s group will present a bid Friday to the NBA and the King’s owners, the Maloofs.
It's not clear how much money Mastrov and Burkle are willing to spend. The Sacramento City Council just voted Tuesday to allow the City Manager to begin negotiations on an arena deal.
The Maloof family has a deal to sell the Kings to a group led by Microsoft executive Steve Ballmer and hedge fund manager Chris Hansen.
The NBA board of governors will make a decision on the sale by mid-April.
Hanson's group declined to comment Thursday night.