Isaac
Years ago
Kings owner likely to hand back licence
The Daily Telegraph has learned from several sources that Johnston has finally realised that he's run out of options, time and big promises of cashed up Philippino businessmen to save the team he has plunged into crisis from not paying his players.Full story: Daily Telegraph: Kings back from the brink
It is understood that the league is working closely with a new consortium ready to take over the Kings with a bold bid to keep the Sydney sporting icon and the NBL's best known team alive.
The consortium mention only wants the team if it comes without the debts that Johnston has racked up.
Next up, the Bullets.