Ranadive Selling 7 Percent Share Of Warriors
Vivek Ranadive is in the process of selling his shares of the Golden State Warriors now that he has assumed ownership of the Sacramento Kings.
Ranadive reportedly invested $30 million when the Joe Lacob-led ownership group purchased the Warriors in 2010 for $425 million.
Lacob and Peter Guber each invested $50 million, while Lacob's ex-wife's trust invested $75 million.
Erika Glazer and Bob Piccinini each invested $25 million, while a group of smaller investors were pooled together at $20 million.
The group also ran debt to the NBA at $150 million.