Arctos Buying 17% of Sacramento Kings at $1.84 Billion Valuation

[Sportico]

Arctos Sports Partners has reached an agreement to buy a 17% stake in the Sacramento Kings in a deal that values the NBA franchise at $1.84 billion, according to people familiar with the transaction. It is believed to be the largest private equity investment since the league loosened its rules in January to allow for […]

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[macadocious]

Whoa. That’s a big number. I had to reread the article because upon first read it sounded like Vivek was one of 4 being bought out. But sounds like he’s buying one of four partners out.

 

[whozit]

Whoa. That’s a big number. I had to reread the article because upon first read it sounded like Vivek was one of 4 being bought out. But sounds like he’s buying one of four partners out.

Interesting nugget about Board seats. I have no idea but several questions.

 

[kb02]

22% now owned by PE funds. Likely one more coming in to hit the 30% cap. Institutional ownersip is a positive for anyone, who wants an ownership structure that may one day have the power to push out Vivek, if he continues to suck as an owner.