Last week when current Golden State Warriors minority owner Vivek Ranadive was announced as the lead investor in Sacramento’s bid to keep the Kings, fans across the California capital rejoiced as the software mogul appeared to be the financial momentum swing that the current investment group was looking for.
However, according to Pro Basketball Talk’s Aaron Bruski, Ranadive has long been involved in the process, only deciding to go public when he became confident in the situation:
I’m told Vivek Ranadive was always the lead investor for Sac’s offer on the Kings. He went public when he liked his chances.
Although only listed as a “minority owner” by the Golden State Warriors, he’s far more than that, given he owns up to a rumored 25% of the Warriors franchise is essentially third in the chain of command when it comes to the Bay Area basketball team.
There’s no word on if Ranadive was part of the original “low-bid” that the Mastrov-Burkle group along with Mayor Kevin Johnson sent to the NBA or if he was reserving his inclusion in the bid until the process became more detailed and the term sheet was near completion.
Either way, it appears the lead Sacramento bidder is brimming with confidence.