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Indian American Vivek Ranadive buys US basketball team

Indian American software magnate Vivek Ranadive, who has become the first person of Indian descent to become the owner of a major US basketball team, plans to build the Sacramento Kings into a global brand. "It's going to be exciting," he told the USA Today after securing an agreement to buy 65 percent of the Kings from the Maloof family for a National Basketball Association (NBA) ...
Indian-headed group buys Sacramento Kings NBA team

A day after NBA owners rejected Sacramento Kings' move to Seattle, the Maloof brothers, owners of the franchise, have agreed to sell the basketball side to a Sacramento-based group headed by Indian Vivek Ranadive. Ranadive, who is a software billionaire, will purchase 65 percent of the Kings from the Maloof family in a deal that is expected to be announced later Friday, reports ESPN. The 65 ...
Season ticket sales for Kings already underway

Less than 24 hours after the Kings were sold to the Vivek Ranadive-led Sacramento investment group, the call center at the arena was selling season tickets at a pace of one every ...
Report N Korea fires short-range missiles

North Korea launched three short-range guided missiles into the sea off the Korean Peninsula's east coast Saturday, South Korea's semi-official news agency Yonhap cited the South Korean Defense Ministry as ...
Powerball ticket sales soar in California

"For two dollars people are buying a dream, buying hope to change their lives," said Russell of the California Lottery. "For two bucks, why ...

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Movie Review

2012 [Blu-Ray]

As Kim Newman noted so forthrightly in his book Apocalypse Movies: End of the World Cinema, The more complicated a civilization becomes, the more fun it is to imagine the whole works going up in flames. Director Roland Emmerich has clearly taken this sentiment to heart, as he has built his car ... ...

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Mom Mad After Kids Find Racy Junk Mail

SACRAMENTO (CBS13) -- Pamela Aguilar says her 6-year-old son and 2-year-old daughter discovered something too racy for their young eyes in the mail. She says she didn't think anything of the white envelope from Power Labs in Newhall, California, that was addressed to her husband. The outside read "Natural science has finally solved your biggest problems." But nothing hinted at ...
Conservative Group Wants Parents to Boycott Harvey Milk Day

SACRAMENTO (CBS13) -- A conservative group is calling for parents to keep their children home from school on a day commemorating the first openly gay lawmaker. Savecalifornia.com, a site affiliated with the Campaign for Children and Families, is running an ad in Sacramento and Los Angeles calling for a boycott of Harvey Milk Day. In 2009, California lawmakers recognized May 22 in his honor. To ...
Mom of Earlier Victim Kidnapping Suspect Shouldn’t Have Been Out of Prison

SACRAMENTO (CBS13) -- A suspect in custody Friday for allegedly kidnapping a 7-year-old girl and stuffing her in his trunk is a registered sex offender who has attacked before. It's the exact scenario the mother of the suspect's first victim says should never have happened. Christy says Cedreic Holland should still be in prison for the horrible things he did to her daughter when she ...
Pelosi implores UC Davis law graduates to embrace justice public service

House Minority Leader Nancy Pelosi, D-San Francisco, exhorts the UC Davis law school graduates to "make that legacy of Martin Luther King your own." The ceremony Friday was held in the Mondavi Center on the UCD ...
Man arrested in kidnapping of girl from Sacramento street is registered sex offender

A man previously convicted of sex offenses has been arrested in connection with the midday abduction of a 7-year-old girl on a south Sacramento street nearly a week ago.Cedric Lain Holland, 25, was booked into the Sacramento County jail Thursday night on suspicion of kidnapping to commit another crime and violation of parole.He was taken into custody at his home on Sixth Avenue in Sacramento, ...

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Coming off Highway 45, about an hour's drive and 50 miles south of Houston, and as we approached Galveston my ...

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Indian American Vivek Ranadive buys US basketball team

Indian American software magnate Vivek Ranadive, who has become the first person of Indian descent to become the owner of a major US basketball team, plans to build the Sacramento Kings into a global brand.

"It's going to be exciting," he told the USA Today after securing an agreement to buy 65 percent of the Kings from the Maloof family for a National Basketball Association (NBA) league-record valuation of $535 million.

"We're going to build a global brand with the Kings. We're going to give the fans the product that they deserve," the minority owner of Golden State Warriors said on achieving his longtime goal.

The development came just a day after NBA owners officially rejected a bid by the Maloofs, who have owned the team since 1998, to relocate the Kings from Sacramento, California, to Seattle, Washington.

"It's a little bittersweet, obviously because I'm a huge Warriors fan and I have a lot of friends here," Ranadive told USA Today Sports. "I'm very, very excited to start the new (challenge)."

Ranadive, who left India as a 17-year-old to attend MIT and later founded his $4 billion company in Silicon Valley, Tibco, has the sort of competitiveness and deep pockets that could lead one of the league's most poorly run franchises back to respectability, the USA Today said." ...