They hope to explain where they stand on the future ownership of the Sacramento Kings.
The news conference will take place at 10 a.m. on Thursday at 431 I Street, Suite 202 on the second floor conference room.
The room overlooks the area for the proposed Entertainment and Sports Center (ESC) that could possibly be a future home of the Sacramento Kings.
Separately in New York, the Maloof family will be meeting for the Board of Governors meeting with the NBA. The Maloof family owns the Sacramento Kings.
The City of Sacramento is also inviting the public to take part in a workshop to talk about and provide feedback on the proposed site plans of the new ESC.
The proposed facility will cost $347 million and cover 675 thousand square feet on a 13-acre site. The City is currently planning to place the project next to the historic Sacramento Valley Station Depot. The ESC will include a sports arena and it is planned to replace Power Balance Pavilion, currently in Natomas.The workshop will take place on Thursday between 5:30 p.m. and 8 p.m. at City Hall on the first floor lobby.