DLA Piper represents Goldman Sachs on financing for Sacramento Kings arena

DLA Piper has represented Goldman Sachs in connection with a $265m (£160m) private bank financing for the $477m construction of the new Sacramento Kings arena. The Kings are contributing $222m and the city of Sacramento is providing $255m.

Following years of obstacles and rumours that the team might leave town, work on the basketball franchise’s new home at Downtown Plaza began on 1 August, with a ceremony that included speeches by mayor Kevin Johnson and Kings president Chris Granger.

A multi-use facility, the new arena will seat approximately 17,000 and will accommodate sporting and entertainment events such as professional and collegiate sports, concerts, ice shows, indoor rodeo, trade shows, large graduations, family shows and other indoor entertainment.

Peter White, co-chair of DLA Piper’s global sports, media and entertainment practice, led a team that included Randi Bernstein and Jason Goldstein, along with: Jamie Knox, Robert Alessi, Erin Byrnes, Caleb Ginsberg, Robert Mendez and Gerald Rokoff (all New York); Mark Whitaker (Northern Virginia); Kristin Franceschi (Baltimore); Stephen Mysliwiec (Washington DC); Brian Fielden (Atlanta); Charles Deem (San Diego); and Daniel Balys (Chicago).