Sale of Sacramento Kings Officially Finalized

The Maloof Family closed escrow on a deal to sell the Kings to Vivek Ranadivé today. The deal is based on an NBA record franchise valuation of $534 million.

By Str Archive | 0 Comments | Feb 23, 2019

The Maloof Family released a statement earlier this morning confirming the official close of escrow on a deal to sell the Kings to a group led by Vivek Ranadivé. They released the following statement:

I could get really snarky with this, but truth be told, I'm just glad this is all over with. In the end, the Maloofs made the right decision and got a deal done quickly. Now we can all move on and hope for a brand new era of success under the leadership of Vivek Ranadivé.

Here We Stayed.

UPDATE 2:00 PM:

Vivek has released his own statement:

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