Tycoon joins effort to keep Kings in SacramentoPosted by Inside Hoops
The effort to keep the Sacramento Kings from moving to Seattle got a boost from a Silicon Valley software tycoon who stepped forward as lead investor.
The Sacramento Bee reports that Vivek Ranadive will lead Sacramento’s bid to keep the team, joining health-club financier Mark Mastrov and billionaire Ron Burkle.
Ranadive’s involvement comes after NBA Commissioner David Stern said earlier this month that the Sacramento group’s offer needed to be increased before league owners would consider it.
– Reported by the Associated Press