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The Maloof family is an American family of Lebanese descent which owns numerous business properties in the Western United States. The origin of the family name is Maalouf. They are best known as the owners of the Sacramento Kings of the NBA (and their home stadium, ARCO Arena). The family consists of George J. Maloof, Sr., his wife Colleen, and their children: Adrienne Maloof-Nassif, Joe Maloof, Gavin Maloof, George J. Maloof, Jr. and Phil Maloof.

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Sports

The family owns a sport franchise in the Sacramento, California market—the NBA's Sacramento Kings. They acquired a minority interest in the Kings in 1998 and took majority control the following year, with Joe and Gavin operating the franchise. As part of the purchase of the Kings, they also acquired the team's sister franchise in the WNBA, the Sacramento Monarchs. The Maloofs operated the Monarchs until 2009; the WNBA was unable to find a new owner and the team was then folded.

Las Vegas

In 1994 they bought the Fiesta Hotel in Las Vegas for $8 million, selling it in 2000 for over $185 Million. The money was reinvested into the creation of The Palms hotel and casino. George Maloof Jr. is credited with upping the star power in Las Vegas, catering to the young, hip Hollywood elite. Paris Hilton was most closely associated with the resort, and was reportedly paid hundreds of thousands in "appearance fees" to attend Palms clubs and parties.

Entertainment

The Maloofs have expanded their business ventures into entertainment with the creation of Maloof Productions and Maloof Music. The primary focus of Maloof Productions is on developing and producing film and television projects. Through its television division, Maloof Television, they have produced the reality series Bullrun for Spike TV[1] in 2007 and Speed Channel[2] in 2009. Living Lohan, the E! reality series running in 2008.[3] They are currently developing Rebuilding the Kingdom with Reality Television Producer Mark Burnett.[4] Film division, Maloof Motion Pictures, produced the 2006 film Feast and is currently developing The Big Biazarro. Pierce Brosnan is set to star in Big Biazarro.[5] Maloof Music which is a joint venture deal with Interscope/Geffen/A&M Records and Maloof Productions is currently working with singer Ali Lohan.

Skateboarding

Joe and Gavin Maloof have recently started the richest skateboarding competition in skateboard history, known as the Maloof Money Cup, with cash prizes totaling up to $500,000. The prize money was split up among the winners of Pro Street, Pro Vert and Women's Pro Street. The event was broadcast nationally on CBS and re-aired 29 times on Fuel TV, with a live webcast on skateboard.com.

Joe Maloof in San Diego while promoting the Maloof Money Cup, 2009

Family members

In addition to their gaming business, the Maloofs have exclusive proprietorship rights to the distribution of Coors, Miller, Corona, Heineken, Tecate, Boston Beer Company, Red Bull, and Guinness products throughout New Mexico. The Maloof Companies is one of the largest single shareholders in Wells Fargo Bank.

The family consists of George J. Maloof, Sr., his wife Colleen, and their children:

  • Joe Maloof (born Joseph George Maloof November 15, 1955)
  • Gavin Maloof (born Gavin Patrick Maloof October 9, 1956)
  • Adrienne Maloof-Nassif (born Adrienne Maude Maloof September 1, 1961)
  • George J. Maloof, Jr. (born George Joseph Maloof, Jr. September 2, 1964)
  • Phil Maloof (born Phillip James Maloof April 9, 1967)

Phil Maloof, a New Mexico state senator in the late 1990s, ran unsuccessfully against Heather Wilson for New Mexico's 1st congressional district in 1998.

Albert Maloof Sr., a cousin of George J. Maloof, Sr., is best known for his distribution empire in the Southeastern United States.

In popular culture

  • The Maloofs frequently appeared on the television show, Las Vegas.
  • Phil Maloof owns the console of the Barton organ installed at Chicago Stadium. The elder Phil also has an extensive collection of classic automobiles and lives in an extravagantly decorated home in Las Vegas.
  • In the song "I'm Blooded" Lil' Wayne says ... "and I own my own team I'm like a Maloof..."
  • The Maloof brothers made a cameo in Lil' Wayne music video Lollipop, which was filmed at Gavin Maloof's multi-million dollar mansion in the Southern Highlands Golf Club, Las Vegas.
  • The Maloof brothers also make a cameo in David Banner's "Get like me" video alongside baseball player Barry Bonds.
  • They also make an appearance in Ludacris' music video, "What Them Girls Like".
  • Joe and Gavin appear in Katy Perry's "Waking Up in Vegas" music video, partially filmed at The Palms Resort and Casino.

Criticisms

The Maloof family, especially Joe and Gavin, were under heavy fire in 2006 when they proposed building a new basketball arena in downtown Sacramento and were able to put a tax increase proposal on the fall election ballots. They wanted the taxpayers to pay for the majority of the arena instead of paying for it themselves. The proposal involved a quarter-cent sales tax hike aimed at raising $1.2 billion over the next 15 years. The city was divided between those who supported it and those who disapproved of it. There were rumors that the Maloofs were threatening to move both the Sacramento Kings and the Sacramento Monarchs to Las Vegas if they did not get a new arena. In November, voters overwhelmingly voted against the proposal and currently all plans to build a new arena are on hold.[citation needed]

A proposal to build a new arena at Cal-Expo (the State Fairgrounds) which would include an upgrade to the fairgrounds as well as retail and housing developments was presented and accepted by the Cal-Expo Board of Directors on February 27, 2009. [6]

References

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