Software magnate Vivek Ranadive has put together a package to keep the team in Sacramento.

FORBES: Suffer the Children: Franchise Moves Are Destructive

On the flight to Phoenix I sat next to Vivek Ranadive, the founder, chairman and CEO of Tibco Software.

FORBES: Super Week--Then The Worst

The potential Sacramento ownership group is headlined by TIBCO software chairman Vivek Ranadive, also a minority owner of the Golden State Warriors, and 24 Hour Fitness founder Mark Mastrov.

WSJ: Sacramento, Seattle? Kings' fate remains undecided

The mayor has assembled a potential ownership group that includes Silicon Valley software tycoon Vivek Ranadive, 24 Hour Fitness founder Mark Mastrov, billionaire investor Ron Burkle and Qualcomm CEO Paul Jacobs.

WSJ: Maloof brothers no longer Kings of Sacramento

About two weeks after rejecting a sales bid that would have had the team moving 750 miles north to Washington state, the NBA board of governors on Tuesday approved the Kings' sale to a local ownership group helmed by Vivek Ranadive.

CNN: SHARE THIS

Microsoft CEO Steve Ballmer (who want to move the team to Seattle) and another by software entrepreneur and Golden State Warrior investor Vivek Ranadive and 24 Hour Fitness founder Mark Mastrov (who want to move the team from the outskirts of the city to a new arena in downtown Sacramento).

FORBES: NBA Owners Say Kings Must Stay In Sacramento