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Who owns the Kings?
Sacramento Kings. On 21 March 2013, it was announced that Ranadivé had joined Ronald Burkle and Mark Mastrov to attempt to purchase the Sacramento Kings. In order for Ranadivé to purchase the Kings, he had to sell his share of the Golden State Warriors.
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May 31, 2013 · SACRAMENTO, CALIF. – Sacramento Kings owner Vivek Ranadivé issued the following statement regarding the ownership transfer of the franchise from the Maloof Family:
May 31, 2013 · SACRAMENTO, CALIF., May 31, 2013 – The Maloof family today announced that the agreement to sell the family's controlling interest in the National Basketball Association's (NBA) Sacramento...
Sep 24, 2021 · The Sacramento Kings have sold the minority ownership stake of five partners who had helped to keep the NBA franchise in the River City.
Sep 24, 2021 · Sacramento Kings majority partner Vivek Ranadivé has expanded his stake, combining with a private equity firm to buy the ownership shares in the team from five partners.
- Ben Van Der Meer
- Senior Reporter
- bvandermeer@bizjournals.com
- Sacramento Business Journal
The ownership group sold the team to Sacramento interests for $11 million. The general manager was fired in a scandal in which he was found to be reusing marked postage stamps. [28] When the Kings rehired Joe Axelson as general manager, they brought back the man who had previously traded Oscar Robertson, Norm Van Lier, Nate Archibald and Jerry ...
May 17, 2013 · Just a day after NBA owners officially rejected a bid to relocate the Sacramento Kings to Seattle, the team's owners have agreed to sell the Kings to a Sacramento-based group, sources told...
