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.