Mayor: Deal to sell Kings to Sacramento group has been signed

Published May 17, 2013

| Associated Press

Sacramento Mayor Kevin Johnson said Friday that the deal to sell the Kings to a group led by software tycoon Vivek Ranadive has been signed.

Johnson helped assemble the new ownership group in a bid to keep the Kings in California's capital city, a feat that was accomplished earlier in the week when NBA owners rejected a bid to move the franchise to Seattle.

The NBA is expected to officially approve the sale next week.

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http://www.foxnews.com/sports/2013/05/17/mayor-deal-to-sell-kings-to-sacramento-group-has-been-signed/