Matt Potter 5:30 p.m., Oct. 12
Drawings depicting posh stadium for La Jolla billionaire family's NBA team released
Basketball's Kings franchise, long a popular venue for lobbyists’ wining and dining of California politicos, to get luxurious new home, per drawings released today by Sacramento mayor
As reported earlier today, members of La Jolla's billionaire Jacobs family are said by the Sacramento Bee to be among the new owners and leadership of the Sacramento Kings, the city's NBA basketball franchise.
Family scion Irwin Jacobs, founder of Qualcomm, has long contributed to Democratic causes, including a cool $2 million he gave to a pro-Barack Obama super PAC last year.
But Qualcomm's widely spread lobbying operation also backs Republicans with big money, as reported here last week.
Irwin's son Paul, reported by the Bee to be a key investor in the new Kings deal, was a major financier of then-GOP Assemblyman Nathan Fletcher in his ill-fated bid for San Diego mayor.
Fletcher was hired by Qualcomm after he left the Assembly last year.
Based on a series of renderings just released by the city of Sacramento at this morning's announcement, the party will go on, and soon get a lot nicer under the Jacobs family reign.
More like this:
- Papa Jacobs gives $37,500 in growing proxy battle with GOP's Manchester — Oct. 9, 2013
- GOP fat cats go after super rich Qualcomm Democrats in mayoral proxy war hit piece — Oct. 8, 2013
- Mayoral battle joined as billionaire Jacobs goes for Fletcher — Sept. 25, 2013
- Qualcomm’s Jacobs family to sink big money into Sacramento NBA team, paper reports — May 17, 2013
- No April Fools Joke: Fletcher Joins Democrats — May 4, 2013