NHL’s Board Approves Sale of Kings to Anschutz, Roski

As expected, the NHL’s Board of Governors on Friday approved the sale of the Kings to Denver billionaire Philip F. Anschutz and local developer Edward P. Roski Jr.

The board, meeting in New York, voted unanimously on the pending transaction, which now faces a Thursday hearing in U.S. Bankruptcy Court. The hearing is expected to be a formality, though there is a remote possibility of an overbid offer.

The Kings filed for Chapter 11 under the bankruptcy code last week to help Anschutz and Roski complete the complicated transaction, purchasing the team from Jeffrey Sudikoff and Joseph Cohen.