NBA Kings Buy Controlling Interest In D-League Affiliate Sources: Mark Davis To File Vegas Papers In January Raiders' Davis Earns Respect Of Other Owners Bon Jovi Dispels Rumors He Wants To Buy Titans Senators Struggling With Early Season Attendance Barclays Center Using VR To Sell Islanders Tickets Franchise Notes Oakland Doesn't Need To Match Raiders Stadium Offer Owners' Opinions On Raiders' Vegas Plan Vary Devils Unveil One Jersey Marketing Campaign
SBD/May 20, 2013/Franchises
Ranadive Wants Kings To Make Up For Lost Time As Offseason Sales Kick Into Full Gear
Published May 20, 2013
WANT MORE GREAT STORIES LIKE THIS?
CLICK ON ONE OF THESE BUTTONS
RANADIVE'S REIGN: In Sacramento, Ailene Voisin wrote Ranadive should "take a pick and a shovel, perhaps borrow a battering ram and a bulldozer, and obliterate the section of Sleep Train Arena that houses the team's basketball operations." New bosses "tend to hire people they know, so keep an eye on current Warriors." Ranadive has "yet to even reveal the extent of the anticipated overhaul," but his "track record within the software industry suggests someone who moves swiftly." He said, "We had a playbook with the Warriors. I can promise you we're going to have very, very, very smart people. We like to be innovative, think outside the box. But we don't have any preconceived notions about who can do what. We have very open minds" (SACRAMENTO BEE, 5/18). Tibco VP/Dir of Business Development Roger Craig, whose software company is led by Ranadive, said that along with Ranadive's "drive," he "brings a hands-on leadership style." The SACRAMENTO BEE's Lillis, Kasler & Bizjak noted he has been "known to pitch in on sales calls at Tibco." Craig said, "He hates to lose. I don't care if someone's grandmother is on the tennis court, he's going to beat that person." Ranadive on Friday said that his "first order of business is to ensure the sale of large numbers of season tickets for Kings games." Ranadive said that Kings fans should "expect to see him at every home game." He added that he also "plans to attend team practices regularly, suggesting he will transfer his hands-on business philosophy to his new role as lead owner of the Kings." Ranadive: "I'd like to under-promise and over-deliver (on the team's success). We're building for the future." Investors partnering with Ranadive "have their own colorful backgrounds." The team "includes Katrina Garnett, founder of an online social network that allows wealthy families to share travel experiences," and Arjun Gupta, who founded a venture capital firm. The late addition to the team is Raj Bhathal, whose company RAJ Manufacturing is "one of the largest swimwear companies in the country, with such brands as Hurley and Nautica" (SACRAMENTO BEE, 5/19).
|Warriors Vice Chair Vivek Ranadive|
|Qualcomm founders the Jacobs brothers|
|RAJ Manufacturing Owner Raj Bhathal|
|Venture capitalist Arjun Gupta|
|24 Hour Fitness Founder Mark Mastrov|
|Leap Motion President & COO Andy Miller|
|Former Facebook Chief Privacy Officer & general counsel Chris Kelly|
|Developer Mark Friedman|
|Silicon Valley entrepreneur Katrina Garnett|
SEATTLE SLEUTHS: In Seattle, Nick Eaton asked why did former Kings bidder Chris Hansen "reportedly decline a refund of the $30 million deposit" he made on the franchise? The denial on the surface "could suggest Hansen is setting the scene for legal action against the league for blocking his contractually binding purchase agreement with the Maloof family," which would have seen the team relocated to Seattle. But there have been "numerous reports that Hansen does not plan to file any lawsuits." Perhaps Hansen and Microsoft CEO Steve Ballmer, who bid with Hansen, "wanted to show their appreciation to the Maloofs for sticking with the Seattle agreement through Wednesday’s NBA vote" (SEATTLEPI.com, 5/17). Also in Seattle, Bob Condotta wrote last week's decision to block the Kings' relocation to Seattle brought "one ray of light -- an apparent softening of the league's stance on expansion." In that "might rest the best hope for the NBA returning to Seattle anytime soon" (SEATTLE TIMES, 5/19). ESPN.com's Kevin Pelton wrote it was hard for those in Seattle to "interpret the rejection of the move as anything but a rejection of Seattle." What "really hurt was the NBA's unwillingness to seriously consider expansion as a win-win solution to the Sacramento-Seattle conundrum." Pelton: "Surely, part of the league's thinking is that by the time the next TV contract is wrapped up there may be more clarity about troubled franchises elsewhere." The "problem with this logic is that the clock is already ticking on Seattle's plan for a new arena." This fall's mayoral election in Seattle could "sharply change the political landscape" (ESPN.com, 5/17).
EXHORTING EXPANSION: In Boston, Gary Washburn wrote if there is "any consolation, Seattle has risen to potentially No. 1 on the NBA’s list of future locations." Yet the league "has no intention of expanding, so the wait could be extended." This likely was Seattle’s "last hope of regaining an NBA franchise during this decade." The "responsibility" of determining if Seattle should get a future franchise "may lie in the lap" of NBA Deputy Commissioner & COO Adam Silver, who will succeed Stern (BOSTON GLOBE, 5/19). Also in Boston, Mark Murphy wrote the final stages of Stern's 29-year tenure as NBA commissioner have "given way to an almost surreal arrogance." There is "no other way to translate the shot he took at Seattle last week" when he started off the post-vote press conference by noting he had to be quick because he had to catch a flight to Oklahoma City. Murphy wrote Stern was "reportedly angered by the overly-aggressive ways" of Ballmer, so he "unloaded" (BOSTON HERALD, 5/19).