Some tweets from Chris Daniels.
Chris Daniels @ChrisDaniels5 29m
RT @dakasler: Judge Klein says he will approve 7% sale of #NBAKings to Hansen notes 'there is literally no competition" from other bidders.
Chris Daniels @ChrisDaniels5 4m
BREAKING: Source says Seattle City Leaders to announce formal Key Arena agreement with Chris Hansen.
Chris Daniels @ChrisDaniels5 3m
BREAKING: Key Arena Deal between Hansen/City calls for minimum of $3 million in permanent investments, and guarantees $2m annually.
Chris Daniels @ChrisDaniels5 2m
BREAKING: Key Arena Deal between Hansen/City will allow some seating upgrades, locker room, club improvements, tech upgrades.
Chris Daniels @ChrisDaniels5 2m
BREAKING: Hansen had indicated to owners during league presentations earlier this month that deal was already done. This will be formal step
So Hansen got approved for those 7%, which is now awaiting approval from the NBA.
Also, being awarded this means a downpaimant of $1.5 mil by Hansen which cannot be paid back if the league votes against it.
Also, the agreement between the city and Hansen/Ballmer/Nordstrom to play at KeyArena will be announced as well.