Ric Bucher's post on Basketball | Latest updates on Sulia
The group led by Warriors minority owner Vivek Ranadive, as of Thursday, had yet to place the entire $341 million
in escrow as requested by the NBA to assure it had the requisite funds to make a competing offer for the Kings, a source said, and the group is seeking additional investors to do so. After all the rabbits the Bay Area's Mark Mastrov has pulled out of his hat -- including the rabbit Ranadive, who then relieved Mastrov of working the hat -- I'd be slow to bet against the group from acquiring the rest, but those with experience in raising such a large amount in cash say it is far from simple, even for the wealthy. There were reports a week ago that Ranadive and Co. placed half the $341 million in escrow. That the full amount has not been deposited is one reason why the group in Seattle, which already has reportedly placed in escrow the full $357 million it is willing to pay for the team, still believes it has a shot at procuring the franchise.