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NBA Kings Ownership Buying Stake In Sacramento Republic FC

The NBA Kings ownership group, led by Vivek Ranadive, "will become minority investors" in USL Pro club Sacramento Republic FC. The announcement late yesterday "caps weeks of negotiations brokered by Sacramento Mayor Kevin Johnson." Previously, Kevin Nagle and other Kings investors "had stepped forward to buy a stake" in the club. Nagle will remain Managing General Partner of Republic FC, while Ranadive and his group "will be investors" (SACRAMENTO BEE, 1/29).

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