Tuesday, 28 May 2013

NBA approves sale of Kings to Ranadive group (Yahoo! Sports)

Vivek Ranadive, the new majority owner of the Sacramento Kings NBA basketball team, leads employees in a cheer during a visit to the team's offices at Sleep Train Arena in Sacramento, Calif., Thursday, May 23, 2013. Ranadive joined employees in calling season ticket holders to encourage them to renew their tickets for the next season.(AP Photo/Rich Pedroncelli)

The NBA Board of Governors has unanimously approved the sale of the Sacramento Kings to a group led by TIBCO Software chairman Vivek Ranadive.




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