Software billionaire Vivek Ranadive came to an agreement to purchase 65 percent of the Sacramento Kings from the Maloof family for approximately $348 million. The Kings' total valuation in the sale is $535 million, an NBA record.
The Sacramento Kings were reportedly sold for approximately $535-million today...
That could buy 77-million of the team's signature "Kings Dogs" (priced at $6.95 apiece)...
The jackpot for Saturday's Powerball drawing is now projected to be around $600-million!
BUT.... that still won't put a dent in California's gigantic state & local debt of nearly $850 BILLION!
SEATTLE -- There was a small victory for Seattle basketball fans (including me) Wednesday night. The town's resident NBA team, whatever opponent is playing the Oklahoma City Thunder (in this case the Memphis Grizzlies), knocked the Thunder out of the playoffs.
ESPN.com NBA writer Brian Windhorst hast the latest on the Maloofs, who have informed their fellow owners that they will not sell the team to the Sacramento-based group that promises to keep the team in Sacramento.Tags: NBA, Brian Windhorst, Sacramento Kings, Maloofs, Seattle