Who Owns the Sacramento Kings
The Maloof family, led by former team president George Maloof and his siblings, controlled the Sacramento Kings from 2006 until 2013, when they sold the franchise to a group led by Vivek Ranadivé. The Maloofs remain active in business and real estate, and their prior ownership period is documented in league records and business profiles Forbes.
George Maloof served as the public face of the ownership group during the franchise's time in Sacramento, managing operations and major decisions related to team strategy, arena negotiations, and league relations.
Maloof Family Business and Net Worth
The Maloof family built their wealth through casino operations, real estate, and sports investments, with their portfolio spanning Las Vegas and other markets. Their business history includes ownership stakes in multiple ventures, and their financial profile is tracked by major business outlets Forbes.
After the Kings sale, the Maloofs shifted focus toward private investments and real estate development, maintaining a low public profile while continuing to manage family-held assets and business interests.
Sacramento Kings Ownership Transition
The Maloofs agreed to sell the Sacramento Kings in 2013 to a group led by Vivek Ranadivé for a reported $535 million, ending their direct involvement with the franchise. The transaction was reviewed by the NBA Board of Governors and completed in May 2013.
The sale marked a major shift in the franchise's direction, with the Ranadivé-led group investing in the team's operations, branding, and long-term strategy. The Maloof family's tenure is often referenced in discussions of franchise valuation and ownership transitions in the NBA NBA.com.