Who Owns the Sacramento Kings
The Maloof family, led by brothers Gavin and Joe Maloof, were the primary owners of the Sacramento Kings from 2000 until 2013. The NBA approved the sale of the team to a group led by Vivek Ranadivé in May 2013, ending the Maloof era as direct owners of the franchise. The Maloof brothers had previously built their wealth through casino operations and real estate before their involvement with the Kings.
The Maloof family retains significant wealth and business interests outside of the NBA team. Their portfolio includes real estate holdings, hospitality ventures, and investments across multiple industries. The transition of the Kings ownership marked a major shift in the franchise's direction and management structure.
Maloof Net Worth and Business Ventures
The combined net worth of the Maloof family has been estimated in the hundreds of millions, largely built through their ownership of the Palms Casino Resort in Las Vegas and other business interests. The Maloof Companies have been involved in real estate development, entertainment, and sports management across the United States.
Beyond the Kings, the Maloof family has maintained a presence in the business world through various ventures and investments. Their business operations have spanned multiple sectors, including hospitality, entertainment, and real estate development in key markets such as Las Vegas and Southern California.
Legacy and Current Status
The Maloof family's ownership of the Sacramento Kings remains a significant chapter in the franchise's history, with their tenure marked by both on-court competitiveness and off-court business developments. The sale to Vivek Ranadivé's ownership group in 2013 represented one of the most notable transactions in recent NBA history.
The Maloof name continues to be associated with major business ventures and sports ownership interests. Their influence extends across the sports and entertainment industries, with ongoing involvement in various business and philanthropic activities through their family office and investment entities.
