HoopsHype Vivek Ranadive rumors

February 17, 2014 Updates

Both David Stern and his successor, Adam Silver, targeted India for the next phase of the league’s global expansion. Given the lack of facilities and infrastructure, realistically, how long until the NBA schedules preseason games in your hometown, Mumbai? And how, specifically, will you benefit in India from your Kings ownership? Merchandise sales? Corporate sponsorships? Right now, we’re just saying we’ll build out the fan base. When you approach these things, you take a long-term view. You don’t ask, “How am I going to make money right now?” Are you going to lose money this season? Yes. But we’re not that concerned. Sacramento Bee

Just kind of stepping back, when I took over, we started from scratch. There is no other word for it than a turnaround. We just paid $535 million for something that had no revenue, no ticket sales, an arena that is falling apart, that had chaos in the locker room, leadership that was falling apart, and so I had to just quickly stabilize everything. And kind of keeping with my philosophy of surrounding myself with people smarter than me, I think I’ve done that. (Team president) Chris Granger is one of the top guys in the NBA. But have the politics of the arena situation been discouraging or disillusioning? Sacramento Bee

February 6, 2014 Updates
January 28, 2014 Updates

Today, the Sacramento Kings, the City of Sacramento and AECOM released the first round of renderings for the downtown Entertainment and Sports Center (ESC). The announcement was first made via an email to season ticket holders. The first set of renderings comes after six months of workshops, open houses, town halls, and focus groups, in addition to multiple surveys yielding responses from over 20,000 Sacramentans. The result is an arena design that is iconic, that celebrates the best of Sacramento, and that will showcase the latest in environmental and technological innovation. “When we bought the Sacramento Kings, we committed to the NBA and to the people of Sacramento that we wouldn’t just build a new arena, but that we’d build a world-class entertainment venue, an arena truly for the 21st century,” said Kings owner Vivek Ranadive. “Today is another major step forward in that effort.” NBA.com

January 16, 2014 Updates

The Sacramento Kings announced Thursday that they would become the first professional sports franchise to accept Bitcoin virtual currency. Beginning on March 1, fans will be able to buy gear in the team store and pay for tickets with the digital money. "When I sold the NBA on keeping the team in Sacramento, my pitch included using the sports franchise as a social network to push the technology envelope," Kings majority owner Vivek Ranadive told ESPN.com. "This is an example of that." ESPN.com

January 2, 2014 Updates

National Basketball Association (NBA) team the Sacramento Kings have signed a partnership with The Krrish Group, an Indian real estate company. The Kings are owned by Indian-born Vivek Ranadive (left in picture), who previously revealed plans to build the team's brand internationally. Sportspromedia.com

December 10, 2013 Updates

Vivek Ranadivé is in constant communication with D’Alessandro and is willing to spend to improve the roster. The Williams trade in addition to the blockbuster seven-player deal that the Kings pulled off Monday came at a price. In fact, the Kings have added about $3.5 million in salary this season and nearly $15 million for next. Adding nearly $20 million in salary over two seasons is a luxury that the Kings have not had in a very long time. Cowbell Kingdom

October 13, 2013 Updates

And Ranadivé is doing things differently with the Kings, like hiring [Michael] Malone two weeks before he officially owned the team, and before hiring a GM, the opposite of the traditional route to staffing up. He says he knew he wanted Malone and other teams were courting him, so why wait? He invited Malone to TIBCO for lunch. Malone thought they were just going to talk basketball. He was the Warriors assistant coach and knew Ranadivé well. But, "the first thing, he goes, 'Well, Coach, let's get this over with. I want you to be my coach. Is that OK? Is it?'" Malone recalls with a laugh. "I was like, 'Uh, yeah, that's OK,' and we just went from there." And here's the kicker. But they kept the deal secret. "He could tell you everybody says in the NBA, there are no secrets," says Malone. "I said, 'Well, Vivek, let's prove everybody wrong.' And no one knew about it for two weeks." Sactown Royalty

October 12, 2013 Updates

Hansen then gave the Sacramento anti-arena group $100,000, but whatever. Our owner has a helluva lot of grace. 2. And Ranadivé is doing things differently with the Kings, like hiring [Michael] Malone two weeks before he officially owned the team, and before hiring a GM, the opposite of the traditional route to staffing up. He says he knew he wanted Malone and other teams were courting him, so why wait? He invited Malone to TIBCO for lunch. Malone thought they were just going to talk basketball. He was the Warriors assistant coach and knew Ranadivé well. But, "the first thing, he goes, 'Well, Coach, let's get this over with. I want you to be my coach. Is that OK? Is it?'" Malone recalls with a laugh. "I was like, 'Uh, yeah, that's OK,' and we just went from there." And here's the kicker. But they kept the deal secret. "He could tell you everybody says in the NBA, there are no secrets," says Malone. "I said, 'Well, Vivek, let's prove everybody wrong.' And no one knew about it for two weeks." Sactown Royalty

October 11, 2013 Updates

And it's only natural to wonder when the Kings might play in India, considering principal owner Vivek Ranadive has stated he wants to make center DeMarcus Cousins a superstar in India, Ranadive's birthplace. Coach Michael Malone would not be surprised to see the Kings play in India in the coming years. "(Ranadive has) said many, many times he wants to be a global brand," Malone said. "With his background in India, I wouldn't be surprised to see the Sacramento Kings playing a game there in the foreseeable future. It's an untapped market." Sacramento Bee

September 27, 2013 Updates

While speaking with league sources about the four-year contract extension DeMarcus Cousins has agreed to with the Kings in principle, I learned another interesting bit of information: NBA Commissioner David Stern plans to attend the Kings home/season opener Oct. 30 at Sleep Train Arena. I am assuming Stern will be in Miami the previous night for the championship ring ceremony at the Heat-Bulls game, and then just hop onto his private jet for the 3,000-mile flight to California. No one should be surprised. Keeping the Kings in Sacramento has been on Stern's 'to do" list for at least a decade. And, obviously, his relationship with Sacramento mayor Kevin Johnson, and former Golden State Warriors minority owner Vivek Ranadive - who had been itching to become a majority partner - facilitated the sale of the team and the proposed downtown arena. After this ordeal, there is no way the Commissioner, who retires Feb. 1, misses out on the emotional opening night celebration. Sacramento Bee

September 23, 2013 Updates

Shaquille O'Neal — "Dr. O'Neal," if you ask him — is hoping to help cure the Sacramento Kings. As the Kings continue their image makeover that was sparked by the late May sale of the team to Vivek Ranadive, they have made a big and bold move by adding O'Neal as a minority owner. The TNT analyst once gleaned pleasure in deriding the Kings, whom he owned in a very different way when his Lakers thrice knocked their rival out of the playoffs en route to titles in 2000, 2001 and 2002. Now his joy will come from seeing one of the league's worst-performing franchises turn things around. USA Today Sports

His involvement will begin in earnest today, as O'Neal — who jokingly referred to himself as "Dr. O'Neal" throughout a phone interview with USA TODAY Sports — plans to meet with Kings players and coaches in Sacramento before having dinner with franchise centerpiece and new protégé DeMarcus Cousins. "What interested me in this deal is the new vision, the new Kings, the new everything," said O'Neal, who so famously deemed the Kings the "Queens" at the start of the 2002-03 season. "I've always wanted to be part of something like this. ... It's going to be great." USA Today Sports

September 13, 2013 Updates

The Assembly has approved legislation intended to smooth the way for a new NBA arena in California's capital. The bill from Democratic Senate President Pro Tem Darrell Steinberg of Sacramento would accelerate judicial review of any lawsuits filed against the proposed Kings arena under California's landmark environmental law. MyNews4.com

The fight to build a new arena for the Sacramento Kings is now in the hands of Gov. Jerry Brown, as the Legislature on Thursday night approved a bill to streamline development of a downtown arena for the pro basketball team. The California Senate voted 32-5 in favor of Senate Bill 743, written by Sacramento Democrat Darrell Steinberg. The bill seeks to speed the judicial process for handling environmental lawsuits, limit the courts' ability to stop construction and change the way traffic impacts are measured in environmental reviews. It represents fewer changes to the California Environmental Quality Act than Steinberg originally hoped to achieve but would be sufficient, he said, to develop an arena that would keep the Kings in Sacramento. "The NBA has said... if we don't meet this timeline, if we don't get this project started in 2014, we're at risk of losing it," Steinberg said. "The opponents are still out there." Merced Sun-Star

September 11, 2013 Updates

Mullin's hiring comes as no surprise. During his time as Warriors minority owner, Ranadive grew to like and admire the former star. He also liked the idea of including a high-profile NBA figure in his organization and has been seeking Mullin's input since he assumed control of the franchise. "I was looking for somebody who was iconic," Ranadive said, "and Chris is iconic. He represents what is great about basketball. Hard work. Teamwork. Excellence. He is part of the model." Sacramento Bee

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