SACRAMENTO, Calif. (AP) - Billionaire Ron Burkle will not be part of Sacramento's bid to keep the Kings after all.
Sacramento Mayor Kevin Johnson said Monday that a conflict of interest forced Burkle to back out. Instead, Johnson said the Southern California businessman and co-owner of the NHL's Pittsburgh Penguins will focus on the development around a proposed new downtown arena - and not the arena itself.
Burkle is part-owner of Relativity Sports, which manages some NBA players' careers. Johnson said the conflict surfaced during a meeting with NBA Commissioner David Stern and league owners in New York last week and "it won't slow us up."
Burkle had been expected to lead the development of a Sacramento arena. He also planned to join other wealthy investors trying to block a bid from a group that is hoping to buy and move the Kings to Seattle next season.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.