The Sacramento Kings are a California-based basketball team who compete in the Pacific Division of the Western Conference in the NBA. They play their home games at the Golden 1 Center and are coached by Mike Brown.
The Kings are currently owned by Vivek Ranadive, who purchased the team in 2013. However, to buy a majority stake in the Kings, Ranadive sold his stake in the Golden State Warriors. He bought a 65% stake in the Kings from the Maloof family for around $535 million.
After missing the playoffs for 16 years, the Kings finally ended this drought in 2023 under coach Mike Brown. However, the team lost to the Golden State Warriors in the first round in a tight seven game series.
The team is currently led by star players De’Aaron Fox and Domantas Sabonis. In 73 regular-season games in the 2022/23 season, Fox averaged 25.0 points, 4.2 rebounds and 6.1 assists per game. Meanwhile, Sabonis led the league in rebounds (12.3) last season.
Sacramento Kings Net Worth
According to online sources, the Sacramento Kings have an estimated net worth of around $2.03 billion as of 2023.
In 2013, the NBA Board of Governors approved the sale of the Sacramento Kings franchise to the Indian-American businessman and philanthropist Vivek Ranadive.
Sacramento Kings Head Coach
Mike Brown was appointed as head coach of the Sacramento Kings in May 2022. Before the Kings, Brown was the associate head coach of the Golden State Warriors, where he helped the team win three NBA championships.
After leading the Kings to the postseason for the first time in 16 years, Brown was named NBA Coach of the Year in 2023. The Kings (48-34) finished third in the west in the 2022/23 season.
FAQs
A. Vivek Ranadive purchased a 65% stake in the Kings for around $535 million from the Maloof Brothers in 2013.
A. De’Aaron Fox and Domantas Sabonis are the Kings’ best players currently.
A. According to multiple online sources, Vivek Ranadive has a net worth of around $700 million.
A. The 30 NBA teams together have a net worth of around $90 billion.
A. According to Forbes, the Golden State Warriors are the most expensive and valuable franchise as of 2023 with a net worth of around $7 billion.
