Ranadive’s return on investment has been remarkable. Next season, the Kings plan to move to a state-of-the-art downtown arena worth $507 million. The naming rights for Golden 1 Center will be worth an annual $6 million.
Kings worth $925M. Contrast with $534M value when purchased in '13. Thank Ballmer/Clippers, big TV deal https://t.co/jlFl8baFB0
The season before Ranadive purchased the Kings, Forbes valued the franchise in 2012 at $300 million. Sacramento’s value was ranked No. 24 out of 30 NBA teams.
The Kings were sold to Chris Hansen and current-Clippers owner Steve Ballmer (with public plans to move to Seattle) for $525 million in January 2013. It would have been the second-most ever paid for an NBA team. Now, that $525 million for relocation seems like it would have been a bargain.
Bryan Kalbrosky produces digital content for FOXSports.com. For more, follow him on Twitter @BryanKalbrosky.