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BC-BKN--Kings Sale, BKN

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The sale of the Sacramento Kings is finally complete. The Maloof family announced Friday that the agreement to sell the Kings and Sleep Train Arena to a group led by Vivek Ranadive (VIHV'-ehk rah-nah-DEE'-vay) closed escrow. Ranadive's group acquired a 65 percent controlling interest in the team at a total franchise valuation of more than $534 million, topping the NBA record of the $450 million...

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