Posted: Tue April 9, 2013 5:22PM; Updated: Tue April 9, 2013 5:22PM

Sacramento mayor reveals new investor in Kings bid

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Kevin Johnson
Sacramento Mayor Kevin Johnson (center) is looking to keep the Kings in Sacramento.
Richard Drew/AP

SACRAMENTO, Calif. (AP) - Sacramento Mayor Kevin Johnson has announced a new investor to help fill the role vacated by billionaire Ron Burkle in the city's bid to keep the Kings from moving to Seattle.

Johnson said at his weekly news conference Tuesday that Sacramento developer Mark Friedman has joined the group. The announcement comes a day after Burkle backed out because of a conflict of interest stemming from his ownership stake in Relativity Sports, which manages some NBA players' careers.

Friedman said he will help build the planned arena in downtown Sacramento. He also said he had been in contact with the mayor since January and the timing of Burkle's decision had nothing to with his emergence.

Sacramento is trying to block a bid from a group that has a deal with the Maloof family to buy the Kings and move the franchise to Seattle next season. NBA owners are vetting both offers.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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