Tycoon wants Kings in Sacramento

The effort to keep the Sacramento Kings from moving to Seattle

got a boost from a Silicon Valley software tycoon who stepped

forward as lead investor.

The Sacramento Bee reports that Vivek Ranadive will lead

Sacramento’s bid to keep the team, joining health-club financier

Mark Mastrov and billionaire Ron Burkle.

Ranadive’s involvement comes after NBA Commissioner David Stern

said earlier this month that the Sacramento group’s offer needed to

be increased before league owners would consider it.

Sacramento Mayor Kevin Johnson, who recruited the Burkle-Mastrov

group, said that adding Ranadive takes the effort ”to the next

level.”

Ranadive is chairman and chief executive of TIBCO Software and

already part owner of the Golden State Warriors.

If the bid is successful, he would sell his stake in the

Warriors.