NEW YORK -- The future of the Kings was officially settled Tuesday when the NBA Board of Governors unanimously approved the sale of the franchise to a Sacramento group.

The move had been expected for more than a week after the Maloof family had reached an agreement with a group headed by TIBCO software tycoon Vivek Ranadive to sell a 65 percent controlling interest in the Kings.

The NBA said in a new release Tuesday that the transaction is expected to close shortly.

NBA owners earlier this month voted 22-8 against allowing the team to relocate to Seattle, effectively ending a bid by a Seattle group led by investor Chris Hansen to buy the Kings.

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