In 2013, the family sold its 65% stake for $347 million to a Sacramento group led by Vivek Ranadive that was committed to building a new arena in downtown Sacramento that had previously been rebuked by the Maloofs. The Maloofs operated the Monarchs until 2009, when the WNBA was unable to find a new owner and the team folded. As part of the purchase of the Kings, they also acquired the team's sister franchise in the WNBA, the Sacramento Monarchs. The Maloofs acquired a minority interest in the Kings in 1998 and took majority control the following year, with Joe and Gavin operating the franchise. The family owned the NBA's Sacramento Kings from 1998 until 2013. Maloof Sr., Adrienne Maloof, and George J. 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). Originally from New Mexico, the family's success began with the distribution rights for Coors Brewing Company in the Southwest region of the US in 1937. The family is of Lebanese descent via their paternal grandfather.
The original spelling of the family name is Maalouf.
The Maloof family is a prominent American family based in Las Vegas, Nevada, who are owners of numerous business properties in the Western United States.
