Current Ownership and Control
The Sacramento Kings are controlled by Vivek Ranadivé, who serves as the majority owner and chairman of the franchise. Ranadivé, an Indian-American businessman and founder of TIBCO Software, led the ownership group that purchased the team in 2013 for a then-record $534 million. The group also includes several prominent limited partners from the tech and finance sectors, including Mark Mastrov, the co-founder of 24 Hour Fitness, and Steve Ballmer, the former Microsoft CEO who owns the Los Angeles Clippers Sacramento Kings valuation Forbes.
The ownership structure is managed through Sacramento Basketball Holdings LLC, which holds the NBA team and its operating entities. Ranadivé's role extends beyond ownership, as he actively oversees the franchise's business strategy, branding, and long-term vision for the team. The Kings' valuation has grown significantly since the purchase, with Forbes estimating the franchise worth over $3.5 billion in recent rankings Sacramento Kings Forbes team page.
Key Investors and Limited Partners
Beyond Vivek Ranadivé, the ownership group includes a roster of high-profile investors who contribute capital and strategic guidance. Mark Mastrov, a co-founder of 24 Hour Fitness, was part of the original 2013 purchase group and remains a key figure in the ownership circle Sacramento Kings acquisition BusinessWire.
Steve Ballmer, the former Microsoft CEO and owner of the Clippers, is also listed as a limited partner in the Kings ownership group. Other notable investors include Paul Allen's estate representatives and members of the Wanek family, founders of the HOM Furniture and Lakeshore Learning Materials companies. This diverse group of limited partners provides both financial backing and industry connections across sports, technology, and retail.
Franchise Financials and Recent Developments
The Sacramento Kings have undergone significant financial growth since the 2013 acquisition. The franchise's revenue streams include national media deals, local broadcasting rights, ticket sales, merchandise, and arena operations. The team plays its home games at Golden 1 Center, a modern downtown arena that opened in 2016 and is named after the Golden 1 Credit Union, which holds the naming rights Golden 1 Center NBA.com.
Recent financial developments include the team's pursuit of a new practice facility and continued investment in player acquisitions. The NBA's collective bargaining agreement and media rights deals have boosted franchise values league-wide, with the Kings positioned as a rapidly growing asset in the league's portfolio. Vivek Ranadivé has publicly stated the franchise's long-term goal of sustained competitive success and community engagement in the Sacramento region.