Investors Group, Maloofs Strike Deal
The Maloof era in Sacramento, at times spirited and uplifting, at times dismal, appears to have come to an end.
A Sacramento investors group has reached a deal with the Maloof family to buy its controlling stake in the Kings. The deal is expected to be unveiled today.
“It’s the start of a new era,” said Silicon Valley tech entrepreneur Vivek Ranadive, leader of the Sacramento investor group, speaking to reporters after the Warriors game Thursday night.
Ranadive added, “We just need to sign some papers and finalize everything.”