Introducing Vivek Ranadivé, newest “whale” in Sacramento’s bid to keep Kings

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A new “whale” has risen to the surface of Sacramento’s fight to keep the Kings.  Vivek Ranadivé, a software magnate who is based out of the bay area, has joined Mark Mastrov and Ron Burkle’s investor group with hopes of purchasing the Kings and building a new downtown arena.

“Looking forward to supporting @KJ_MayorJohnson as we work towards keeping the @SacramentoKings where they belong,” Ranadivé tweeted earlier this afternoon.  “Excited to be a part of the revitalization of a great community and the globalization of an amazing franchise.”

According to multiple reports, Ranadivé is expected be the lead partner on the effort to purchase the Kings.

So who is Vivek Ranadivé?  Here’s a brief rundown.

  • Before starting TIBCO, he worked management and engineering positions for Ford Motor Company, M/A-Com Linkabit, and Fortune Systems.

The Ranadivé announcement coincides with the news that Sacramento’s arena term sheet is not yet finalized.  City Manager John Shirey issued the following the statement on the news:

“We continue to make progress and have productive discussions with the Investor Group. It is important to get this right and not rush to make an artificial deadline. The bottom line for me is to get the best deal possible while adhering to the Council’s adopted core principles, including a city commitment comparable to last year, no new taxes, and protection for the General Fund.”

A community forum addressing the arena issue is scheduled for 5:30 pm tonight at City Hall.

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About: Jonathan Santiago

Jonathan Santiago serves Cowbell Kingdom as senior editor specializing in writing, podcasting and video production. He also handles the majority of CK’s day-to-day beat coverage of the Kings.