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SBD/March 22, 2013/Franchises
Warriors Investor Ranadivé Emerges As Lead Investor To Keep Kings In Sacramento
Published March 22, 2013
STILL WORK TO BE DONE: Shirey said that top city negotiators and reps of Burkle were still talking Thursday about the "financing of an arena at Downtown Plaza and that those talks were expected to continue." He said that the sides "have not reached an impasse." In Sacramento, Ryan Lillis noted Shirey would "not say what sticking points remain between the sides" (SACBEE.com, 3/21). NBA Commissioner David Stern two weeks ago said of the Sacramento offer, "Unless it increases, it doesn't get to the state of consideration." In Seattle, Bob Condotta wrote the Sacramento "hope is Ranadivé's inclusion in the group will solve that issue, though it is thought that the Seattle group would be able to increase its offer" (SEATTLETIMES.com, 3/21).
SURPRISE MOVE: CBSSPORTS.com's Ken Berger wrote Ranadivé's candidacy could be "boosted by his existing ownership relationships." Also, Ranadivé would be the "first majority NBA owner from India, a market the league is committed to exploring and expanding into the next decade" (CBSSPORTS.com, 3/21). Yahoo Sports’ Marc Spears said Ranadivé's move is “very, very surprising.” Spears said Ranadivé “just joined the Warriors two years ago and now all of a sudden you’re jumping to get to the Kings." Spears added if this “doesn’t work out, it's going to be odd.” Spears: “It really is different to see an owner that’s already a part-owner of a team decide to go down the street and try to put his money to save another franchise who the Warriors, I think, would love to help them pack their bags.” He added, “This is a strong group, (but) the guys in Seattle have more money. ... I can see the guys in Seattle maybe rising up the price a little bit and it's a mess, man, it's a complete mess because the Maloofs owe the NBA money, owe the city money. This is like ‘Days of Our Lives’ of the NBA” (Chronicle Live," Comcast SportsNet Bay Area, 3/21).