After league owners blocked the sale and relocation of the franchise to Seattle earlier this month, the Maloof family reached an agreement to sell a 65 percent controlling interest in the Kings to Ranadive's group at a total franchise valuation of $535 million.
http://www.sfgate.com/sports/article/NBA-approves-sale-of-Kings-to-Ranadive-group-4554157.php
http://www.sfgate.com/sports/article/NBA-approves-sale-of-Kings-to-Ranadive-group-4554157.php
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