• Loading stock data...
Thursday, September 18, 2025

Sacramento Kings Take Majority Stake in Local MiLB Team

  • The Sacramento Kings are the new majority owner of the Sacramento River Cats.
  • Previous reports claim the deal was worth around $90 million.
Sacramento River Cats

The NBA’s Sacramento Kings are the new majority owner of a minor league baseball team.

The Kings have teamed up with Arctos Sports Partners to take an ownership stake in the Sacramento River Cats, who will remain a Triple-A affiliate of the San Francisco Giants.

  • Arctos purchased a 17% stake in the Kings in September 2021, reportedly valuing the team at $1.8 billion.
  • Kings owner Vivek Ranadivé and Arctos bought out the shares of several River Cats minority owners.

Financial terms weren’t disclosed, but reports earlier this month stated that a consortium led by Ranadivé was close to securing a $90 million takeover deal that includes Sutter Health Park, the team’s $46.5 million home field that opened in 2000.

The previously reported price tag would make it the highest purchase price for a minor league baseball team.

Current owner Susan Savage, whose late husband purchased the team in 1998, will stay on as an owner and strategic business advisor.

All About Arctos 

The Kings’ announcement comes less than a week after Arctos invested in a different NBA team. Arctos announced plans to purchase a stake in the Utah Jazz through a deal with Smith Entertainment Group, which is pending approval from SEG’s board of governors.

Arctos, which was reportedly the first firm to offer private equity funding across MLB, MLS, the NBA, and the NHL, has investments in more than 20 professional sports groups and franchises.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Baseball

NCAA Settles With Volunteer Baseball Coaches for $49 Million

A similar suit brought by volunteer coaches of other sports remains open.

Silver: My Comments About Basketball Highlights Were ‘Misconstrued’

The NBA commissioner spoke at the Front Office Sports Tuned in summit.
Apr 24, 2025; Detroit, Michigan, USA; Detroit Pistons guard Malik Beasley (5) dribbles on New York Knicks guard Jalen Brunson (11) in the second half during game three of first round for the 2024 NBA Playoffs at Little Caesars Arena.

Adam Silver: NBA’s Problems With Gambling ‘Have Been Predictable’

Silver originally advocated for legalized sports betting in a 2014 op-ed.

Featured Today

Adriunna Brown

Business Is Booming for WNBA’s Top Beauty Pros

A network of stylists is shaping how players look, feel, and perform.
Premier Lacrosse League
September 14, 2025

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.