Vivek Ranadivé

File photo of Sleep Train Arena in Sacramento, Calif. (credit: Rocky Widner/NBAE via Getty Images)

Deal Reached To Sell Kings To Sacramento Group

The Sacramento Kings’ unsteady future finally seems to be settled. A person familiar with the deal says the Maloof family has reached an agreement with a Sacramento group to sell a 65 percent controlling interest in the Kings at a total franchise valuation of $535 million.

CBS Seattle–05/17/2013

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