Vivek Ranadivé and his ownership group purchased the Sacramento Kings in May of 2013 for a valuation of $535 million. At the time is was an NBA record for a franchise value. Today the Kings are worth an estimated $1.375 billion according to Forbes’ annual ranking. Crazier still, that $1.375 billion place the Kings 13th on the list of franchise values, with no franchise valued at less than $1 billion.
In the 2017 list the Kings ranked 15th, at a valuation of $1.075 billion. If you have an opportunity to increase your value by $300 million in 12 months, I recommend it.