Current Ownership Status of the Sacramento Kings
Adrienne Maloof no longer holds a direct ownership stake in the Sacramento Kings. The Maloof family sold the NBA franchise to a group led by Vivek Ranadivé in 2013. The transaction was finalized after NBA owners approved the sale, ending the Maloof family's control over the team. The sale price was reported at approximately $535 million, a figure documented in league filings and major business reports here.
Today, the Kings operate under the ownership group led by Ranadivé, with the franchise headquartered in Sacramento, California. The team competes in the Pacific Division of the NBA's Western Conference. Public records and NBA filings confirm that the Maloof family's direct equity interest in the Kings was fully transferred nearly a decade ago.
Adrienne Maloof's Business Profile After the Kings Sale
After the Kings sale, Adrienne Maloof continued to manage other business interests, primarily through Maloof Companies, a private firm with holdings in real estate, hospitality, and media. The company's portfolio includes properties and ventures outside of professional sports. Maloof has also maintained a public profile through media appearances and brand partnerships.
The Maloof family's net worth has been estimated by financial publications, with rankings shifting after the Kings transaction. Forbes and similar outlets track the family's assets, which now center on private investments rather than NBA franchise ownership here. The shift marks a move from sports franchise ownership to diversified private capital.
NBA Ownership Rules and Franchise Sale Context
NBA ownership rules require league approval for any change in controlling interest. The Maloof family's sale to Ranadivé's group followed a standard review process by the NBA Board of Governors. The league enforces strict financial transparency and vetting for new owners, ensuring compliance with league guidelines and local market requirements.
Public filings and league documents outline the sale structure, including the transfer of voting rights and operational control. The transaction is cited as a key example of franchise sales in the NBA during the early 2010s. Current ownership details for the Kings are available in league public records and team disclosures here.