Manage Preferences, Kings Fall Short in Mile-High City | Kings vs Nuggets, Kings Stay Hot and Take Down Blazers | Kings vs Trail Blazers Highlights, Governors’ Call to Action | Team Up For Change 2020. Sacramento Kings co-owner Joe Maloof said Friday that his family is still deciding whether to move the franchise to Anaheim or stay in California's capital city. Finden Sie perfekte Stock-Fotos zum Thema Joe Maloof sowie redaktionelle Newsbilder von Getty Images. During those 14 seasons, the Kings produced 555 regular season wins, including five consecutive 50-plus win seasons, and 32 post-season victories. She has supported numerous charities, including School On Wheels, Good News Foundation, and Camp Kindness program with the Sacramento SPCA. No portion of NBA.com may be duplicated, redistributed or manipulated in any form. On the court, the team enjoyed its most successful Sacramento-era years under the family's guidance, producing seven playoff-qualifying seasons, including back-to-back Pacific Division titles in 2001-02 and 2002-03 and advancement to the Western Conference Finals in 2002. Two of the owners of the NBA's Sacramento Kings team Joe Maloof and his brother Gavin Maloof pose during a party held to introduce the Hardwood Suite... Ron Artest during The Palms Hotel and Casino Owners the Maloof Brothers Nosh on The Six Dollar Burger in … 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. This site is operated jointly by NBA and WarnerMedia. The Maloof family completed the sale of the Kings and Sleep Train Arena to a group led by TIBCO Software chairman Vivek Ranadive on Friday, officially transferring ownership … Terms of Use | Adrienne Maloof (born September 4, 1961) is an American businesswoman, socialite, television personality, shoe designer, and co-owner of the various business holdings of Maloof Companies, which include a stake in the Sacramento Kings (NBA), the Vegas Golden Knights (NHL), The Palms Casino Resort in Las Vegas, Nevada; Maloof Productions, Maloof Music and the retired Maloof Money Cup skateboarding event.[1][2][3][4][5]. We also thank our other partners, Bud Benvenuti, John Kehriotis, and Dave Lucchetti," added George Maloof. To opt out of the sale of your personal information as permitted by the California Consumer WarnerMedia Privacy Center | Special to The Seattle Times. It looks like your beloved basketball team is here to stay! Off the court the franchise was triumphant as well, impacting the lives of hundreds of thousands of people throughout the Sacramento Valley by awarding and distributing more than $20 million in cash donations and in-kind gifts to charitable causes. The Maloof family that owns the Sacramento Kings has reached an agreement to sell the controlling interest in the franchise to a Seattle group intent on moving it in time for next season. Members of the Maloof family — owners of the Sacramento Kings, the NBA team that might (or might not) be sold and moved to … April 26, 2012; Sacramento, CA, USA; Sacramento Kings owners Phil Maloof, George Maloof and Gavin Maloof stand up after the win over the Los Angeles Lakers at Power Balance Pavilion. 's Dr. 90210 and currently stars in Botched also on E!. Transcript: The Sacramento Kings basketball team has a lot to cheer about. The Maloofs had acquired a minority interest in the Kings in 1998 and took majority control the following year, with Joe and Gavin operating t… SACRAMENTO, CALIF., May 31, 2013 – The Maloof family today announced that the agreement to sell the family's controlling interest in the National Basketball Association's (NBA) Sacramento Kings and ownership of Sleep Train Arena to the Sacramento investor group led by Vivek Ranadive has closed escrow and is now final. "We respect and would like to acknowledge the NBA Board of Governors' dedication and diligence in working through this process over the past several months. [5][9], Outside of work, Maloof dedicates much of her time to philanthropy. [18] Maloof rented Tom Gores's house in Mulholland Estates in 2012, and it was purchased by Christina Aguilera in 2013. LAS VEGAS — The owner of the Palms Casino Resort in Las Vegas, whose family owns the NBA's Sacramento Kings, said he spent Saturday night in jail after being arrested near his home on suspicion of drunken driving. Joe Maloof added, "The success of the Sacramento Kings has been due largely in part to the dedication and enthusiasm of our team members, … The papers, filed in Los Angeles Superior Court, cited irreconcilable differences as the reason for the separation. The family's dedication to community service earned Joe and Gavin Maloof the World Sports Humanitarian Hall of Fame's Most Involved Executives award in 2001. The transaction valuation equates to a purchase price of over $534 million, an NBA record. The family owned a sports franchise in the Sacramento, California market, the NBA's Sacramento Kings, from 1998 until 2013. In 2013 the family sold the 65% of the team they owned for $347 million to a Sacramento group, led by Vivek Ranadive, which was committed to building a new arena in downtown Sacramentothat had previously been rebuked by the Maloofs. [7][8] She was born on September 4th, 1961, in Albuquerque, New Mexico, where her father owned a Coors beer distributorship. The Sacramento Kings look set to be sold and moved to Seattle, pending approval by the owners of the NBA.. [12], On May 2, 2002, she married plastic surgeon Paul Nassif, who specializes in facial plastic surgery—specifically rhinoplasty. [19], Quentin Fottrell, 'Shopping with a Real Housewife of Beverly Hills', in, "CNN LARRY KING LIVE: Mallof (sic) Brothers Interviewed", "Adrienne Maloof: 'It Was Time To Exit' The Real Housewives of Beverly Hills", "Adrienne Maloof working with Congress to prevent school shootings", http://www.tmz.com/2012/08/28/adrienne-maloof-paul-nassif-file-divorce, "Adrienne Maloof Lists Bev Hills Mansion Amid Bitter Divorce", http://www.tmz.com/2012/11/08/adrienne-maloof-paul-nassif-divorce-settled-custody, "Adrienne Maloof, 51, Dating Rod Stewart's Son Sean, 32: Pictures", https://en.wikipedia.org/w/index.php?title=Adrienne_Maloof&oldid=997147380, Businesspeople from Albuquerque, New Mexico, Creative Commons Attribution-ShareAlike License, This page was last edited on 30 December 2020, at 05:47. Die Sacramento Kings (dt. On January 9, 2013, the National Basketball Association's own official website reported that the Maloofs, majority owners of the Sacramento Kings, were in discussions with a Seattle-based ownership group led by Chris Hansen, Microsoft CEO Steve Ballmer, and Eric Nordstrom and Peter Nordstrom from Nordstrom, to sell and relocate the team. On January 22, 2013, Maloof confirmed that she was formally dating Sean Stewart—son of British rocker Rod Stewart. If you make a request through George Maloof Jr. was arrested about 11:30 p.m. Saturday near Spanish Trail Country Club, where he lives, police said Monday. To start the Kings management has been almost non-existsent since the start of the season, and none of the owners have been present since announcing the sale of the team. [11] In 2019, Maloof was working with Congress to prevent school shootings. We are confident they will provide the stewardship necessary to continue to guide the organization to successful levels," said George Maloof. [14] They resided in Beverly Park, a gated community in Los Angeles. Jose Luis Villegas [email protected] When the Maaloufs arrived in Sacramento, Maalouf said, they lived in someone’s garage, and her father worked as a gardener. Last season was the best in the franchise's history. "The building of community centers, little league fields, and basketball courts along with the donation of resources to local schools and food and clothing to families in-need and so much more leaves a lasting impression that far outweighs the wins that were experienced on the court," states Gavin Maloof. If you make a request through the WarnerMedia Privacy Center, SACRAMENTO, Calif. (AP) -- The moment will be seared into the minds of long-suffering Sacramento Kings fans forever. Joe Maloof added, "The success of the Sacramento Kings has been due largely in part to the dedication and enthusiasm of our team members, coaches, players, and fans. The Maloof family also enjoyed a very successful tenure as owners of the WNBA's Sacramento Monarchs. The Kings are now owned by Vivek Ranadive's Sacramento Group and the Maloofs are out of the NBA finally. 2006). NBA Privacy Center | The Sacramento Kings made a tremendous mistake getting rid of DeMarcus Cousins and it's gonna take 'em a long time to recover ... so says the team's former owner Gavin Maloof.. Maloof -- … The Maloof family that owns the Sacramento Kings has reached an agreement with the group led by software magnate Vivek Ranadive that will … Adrienne Maloof (born September 4, 1961) is an American businesswoman, socialite, 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 … The current owners, the Maloof family, have agreed to sell the Kings to … [13] He appeared on E! "It is extremely satisfying to know that we have positively impacted the lives of so many people over years," states Gavin Maloof. [17] "We congratulate Vivek Ranadive and the entire Sacramento investor group for their willingness to come forward and purchase the franchise for the people of Sacramento. Let's face it; the Sacramento Kings move to Southern California is a done deal. it will apply to data controlled jointly by the NBA and WarnerMedia as well as other data controlled by WarnerMedia. Sacramento Kings owner George Maloof talks to reporters after Wednesday's decision. Petrie’s official title is Presid… USA TODAY Sports. David was the Kings’ vice president of corporate partnerships from 2006 to 2010, when the team was owned by the Maloof family. Powers and Associates. She is also involved in setting customer service standards for all Maloof Companies, including brother George Jr.'s Palms Casino Resort in Las Vegas, and she has produced many of Maloof Productions' projects, including the 2005 horror film Feast. "Our family thanks Bobby Hernreich for his support throughout the years; he has been a great partner. 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