BY JAMES PATRICK
The Sacramento Kings announced Friday owner Vivek Ranadivé and Arctos Sports Partners bought out the shares of minority owners Mark Friedman, Brad Jenkins, Mark Mastrov, Andy Miller and Kevin Nagle.
Those minority owners helped Ranadivé take ownership of the Kings from the Maloof brothers in 2013. The Maloofs threatened to move the Kings to Anaheim and tried to sell the team and move it to Seattle. Both plans were quashed by the NBA and the Maloofs eventually sold to Ranadivé’s group.
“We are tremendously thankful to Mark Friedman, Brad Jenkins, Mark Mastrov, Andy Miller and Kevin Nagle for their transformational investment in our franchise,” Ranadivé said in a news release. “They have been instrumental in our vision for the organization and their commitment made it possible for the team to stay where it belongs – in Sacramento…
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