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    Johnson: Kings sale signed

    Sacramento mayor Kevin Johnson held a press conference Friday to announce the deal to keep the Kings in the city has been completed.The Maloof family has sold the franchise to an investment group headed by Vivek Ranadive for a reported $347 million. There was a competing bid from a group that would have moved the club to Seattle, but NBA owners earlier this week voted to keep the team in Sacramento.A new stadium deal, something the Maloof family worked unsuccessfully to complete, is part of the overall package."It's about jobs and it's about revitalizing downtown," said Johnson in front of a large group of fans that packed at City Hall on Friday. "It's about civic pride. It's about not letting somebody take something that isn't theirs."Johnson, a former NBA player, worked tirelessly to keep the Kings in Sacramento after repeated efforts for a new stadium plan with the Maloof family continually fell apart.The Maloof family had agreed in January to sell a 65 percent share of the team to ...

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