November 1, 2017, 11:44 am
One minority owner is selling their 10 percent stake of the team, according to a Bloomberg report put out on Tuesday.
As of now, there is no word on what owner is selling, but with the share being so high, it’s definitely one of the bigger partners.
When the majority of the team was sold to Vivek Ranadive and his group in 2013, the team was valued at $534 million which surpassed the 2010 valuation of the Warriors when the team was sold to Joe Lacob and Peter Guber.
According to a Forbes evaluation done in February of this year, the Kings were valued at $1.1 billion.
With that math, if the stake is sold, the minority owner will have more than likely doubled their investment in just four years.