Nov 2, 2013; Oakland, CA, USA; Sacramento Kings majority owner Vivek Ranadive before the game against the Golden State Warriors at Oracle Arena. Mandatory Credit: Kelley L Cox-USA TODAY Sports

Sacramento Kings owner says franchise will be worth billions

For an eight year stretch or so during the early late 1990′s/early 2000′s, the Sacramento Kings were among the NBA’s elite teams.

But once Chris Webber‘s knee faltered and the Maloof family went broke, their fall from grace was quick and steep.

Now under new ownership, headed by Vivek Ranadive, the Sacramento franchise is turning around and is projected to be worth billions of dollars come the next decade.

That’s the word from Ranadive himself, a Silicon Valley technology magician who plans to turn the Kings into the first true global franchise.

Sacramento Kings owner Vivek Ranadive is brining a technological revolution to sports that is going to make his NBA team worth “billions of dollars” within the next decade.

It seems a little outlandish to suggest the Kings (of all teams) would be worth billions of dollars, but Ranadive continually backs up what he says and he’s determined to make the Kings franchise elite once again.

Many have bet against Ranadive before and he’s proven them wrong. Sounds like he’s ready to do that again.

You can watch the Tibco owner discuss his plans with Forbes by clicking here.

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Tags: Sacramento Kings Vivek Ranadive