The sale of the Sacramento Kings to a group led by Tibco Software Inc. founder Vivek Ranadive was completed for a National Basketball Association-record $534 million, ending the 14-year ownership of the Maloof family.
Former Microsoft Corp. Chief Executive Officer Steve Ballmer agreed to buy the Los Angeles Clippers for a record $2 billion as the wife of Donald Sterling pushed through the sale without gaining the approval of the embattled owner.
The statements attributed to Los Angeles Clippers owner Donald Sterling are even worse than what got former Cincinnati Reds owner Marge Schott banned, said former Major League Baseball Commissioner Fay Vincent.
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.
Fans of the San Jose Earthquakes beginning May 25 can pay for tickets, merchandise and concessions with Bitcoin, making the Major League Soccer team the first professional sports franchise to accept the virtual currency inside its stadium.