Sacramento Mayor Kevin Johnson said an investment group led by Vivek Ranadive has signed a contract and wired money to purchase the National Basketball Association’s Sacramento Kings, the Sacramento Bee reported.
National Basketball Association Commissioner David Stern and a group of suitors assembled by Sacramento Mayor Kevin Johnson will try to persuade the Maloof family to complete a sale of the Kings within the next few days.
A Seattle-based group led by Valiant Capital founder Chris Hansen raised its bid for the Sacramento Kings by $75 million to $625 million, five days before National Basketball Association team owners vote on whether to approve relocation.
The much-traveled Sacramento Kings should remain in that city rather than move to Seattle in a sale headed by Valiant Capital Management founder Chris Hansen, the National Basketball Association’s relocation committee said.
Tibco Software Inc.’s head of U.S. sales, Robin Gilthorpe, has departed amid a reorganization at the maker of products for running corporate data centers, according to people with knowledge of the matter.
The U.S. jobless rate unexpectedly fell in January to the lowest in three years as payrolls climbed more than forecast, casting doubt on the Federal Reserve’s plan to keep interest rates low until late 2014.