Who Owns the Sacramento Kings
The Sacramento Kings were owned by the Maloof family for more than a decade. The Maloof brothers, Joe and Gavin Maloof, led the ownership group that purchased the team in 2006, moving the franchise from Kansas City to Sacramento.
Maloof Family Business Background
The Maloofs built their wealth through real estate, hospitality, and entertainment ventures. They also owned the Las Vegas Vegas Golden Knights NHL expansion team and operated the Palms Casino Resort in Las Vegas, as noted by Business of Fame.
Sale of the Sacramento Kings
The Maloofs sold the Kings in 2013 to a group led by Vivek Ranadivé. The sale ended the family’s direct ownership of the NBA franchise, though the Maloof name remains associated with the team’s history during their ownership period.
