Report: Warriors owner trying to save Kings

Report: Warriors owner trying to save Kings
March 21, 2013, 4:30 pm
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Vivek Ranadive, a minority owner of the Warriors, founded the Tibco software company. (USA Today Images)

A Golden State Warrior is trying to help keep the Northern California rival Kings in Sacramento.

Vivek Ranadive, a minority owner of the Warriors and founder of software company Tibco, has stepped up to take the reins of a group that is trying to buy the Kings and keep them in Sacramento, according to USA Today.

Mark Mastrov, the founder of 24-Hour Fitness, originally led the group but his group's initial bid was deemed insufficient by NBA commissioner David Stern. That's where Ranadive enters. The hope is that Ranadive will able to make the bid stronger.

At the moment, a group led by Microsoft CEO Steve Ballmer and hedge fund manager Chris Hansen have a deal in place with the owners of the Kings to buy 65 percent of the team. If their deal is approved by NBA owners, they plan to uproot the Kings and move them to Seattle.

Sacramento mayor Kevin Johnson plans to attend the meeting of the NBA owners on April 3 in an attempt to halt the sale to Ballmer and Hansen. If Johnson can flip eight owners into voting against the Seattle-based bid, the group led by Ranadive will get a chance to buy the team and keep them in Sacramento.

If Ranadive is successful in his bid to buy the Kings, he would have to sell his stake in the Warriors.