Ranadive's play to buy the Kings
May, 4, 2013
By Nick Borges | ESPN Insider
According to The Sacramento Bee, the investor group lead by Vivek Ranadive deposited 50 percent of the asking price for the Kings into an escrow account on Friday. They are hoping this is the first step to convince the Maloofs to sign an agreement with them since Chris Hansen won't be allowed to relocate the team to Seattle.