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May 31, 2013 · The Maloof family announced that they have sold their controlling interest in the Sacramento Kings and Sleep Train Arena to the Sacramento investor group led by Vivek Ranadive. The transaction valuation equates to a purchase price of over $534 million, an NBA record. The Maloofs thanked the NBA Board of Governors, Mayor Johnson, and the community for their support and loyalty.
The Maloofs were the owners of the Sacramento Kings of the National Basketball Association (NBA) from 1998 until 2013 and are minority owners of the Vegas Golden Knights of the National Hockey League (NHL). Notable family members include George J. Maloof Sr., Adrienne Maloof, and George J. Maloof Jr.
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George Joseph Maloof Jr. (born September 2, 1964) is an American entrepreneur and businessman. He is the former owner of the Sacramento Kings, the former owner of the now defunct Sacramento Monarchs, and was minority owner of the Palms Casino Resort in Las Vegas with his brothers Gavin Maloof, Joe Maloof, Phil Maloof, and sister Adrienne Maloof.
- George Joseph Maloof Jr., 2 September 1964 (age 59), Albuquerque, New Mexico, U.S.
- Adrienne Maloof (sister)
Adrienne Maloof (born September 4, 1961) is an American businesswoman, television personality, shoe designer, and co-owner of the various business holdings of Maloof Companies, which include a stake in the Sacramento Kings (), the Vegas Golden Knights (), The Palms Casino Resort in Las Vegas, Nevada; Maloof Productions, Maloof Music and the retired Maloof Money Cup skateboarding event.
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- George J. Maloof Jr. (brother)
- 2010–present (television), 2005–2019 (producer)
Jan 21, 2013 · The Maloof family announced today that an executed purchase and sale agreement has been reached to sell the family's interest in the National Basketball Association (NBA) Sacramento Kings to a ...
May 31, 2013 · The Maloof family’s 14-year tenure as majority owners of the Kings organization (family was a limited partner as well in 1998-99) is the longest in the franchise’s 65-year history.
