Maloof family
Encyclopedia
The Maloof family owns numerous business properties in the Western United States
. The origin of the family name is Maalouf
and is of Levantine descent; the family is Lebanese via their paternal grandfather. The Maloofs are the owners of the Sacramento Kings
of the NBA
(and their home stadium, Power Balance Pavilion, formerly known as 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.
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, when the WNBA was unable to find a new owner and the team folded.
for $8 million, selling it in 2000 for over $185 million. The money was reinvested into the creation of The Palms hotel and casino
.
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
in 2007, Speed Channel in 2009, and Living Lohan
, the E!
reality series running in 2008. They are currently developing Rebuilding the Kingdom with Reality Television Producer Mark Burnett
.
The film division, Maloof Motion Pictures, produced the 2006 film Feast
and is currently developing The Big Biazarro, starring Pierce Brosnan
.
Maloof Music
, which is a joint venture deal with Interscope/Geffen Records
/A&M Records
and Maloof Productions
, is currently working with singer Ali Lohan.
is a premiere showcase for professional and amateur skateboarding founded in 2008 by Joe and Gavin Maloof. The Orange County
dates of the festival include the US Pro Men's and Women's Street Championships, the US Pro Vert Championships, and the Maloof Money Cup AM Championships. The Maloof Money Cup added a New York date in spring 2010 and will be adding a South Africa date in fall 2011.
business, the Maloofs had exclusive proprietorship rights to the distribution of Boston Beer Company
, Coors
, Corona
, Guinness
, Heineken, Miller
, Red Bull
, and Tecate products throughout New Mexico
. They sold Maloof Distributing in 2010 to Admiral Beverage Corporation.
The Maloof Companies are one of the largest single shareholders in Wells Fargo Bank.
, his wife Colleen, and their children:
Phil Maloof, a New Mexico state senator
in the late 1990s, ran unsuccessfully against Heather Wilson
for in 1998.
Albert Maloof Sr., a cousin of George J. Maloof, Sr.
, is best known for his distribution
empire in the Southeastern United States
.
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.
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 but fell apart soon after, leaving Sacramento without a new arena.
In late 2010 the Maloof family began negotiating with officials in Anaheim, California in an effort to move the NBA Kings franchise to that city, despite repeated assurances that the team would stay in Sacramento. On March 29, 2011, the City of Anaheim approved bond measures aimed at assisting the Kings move. Finally, on May 2, 2011, the NBA put a halt to the move to Anaheim, California because the current bills that were owed to the city of Sacramento, California gave the city just cause to keep them in Sacramento. In June of 2011, the Maloof brothers, Joe and Gavin, sold majority share of the Palms to two lending companies (Leonard Green & Partners LP in Los Angeles and TPG Capital in Texas), allowing them to continue building their stadium.
Upon the news of a possible relocation, Sacramento Kings launched a grassroots effort with pledges of over $800,000 to go to a new arena. This and other grassroots efforts, along with Mayor Kevin Johnson
's presentation to the NBA Board of Governors, convinced the NBA to delay any relocation authorization for one year. Within this one year time frame (deadline: March 2012) a completed arena plan, with funding, must be in place.
The plan for the Entertainment and Sports Complex (ESC), as of July 2011, is to be built on the former railyard site in downtown Sacramento. Funding mechanisms will be disclosed on or about September 8, 2011 and is expected to include a variety of methods including User Fees on events and products sold at the ESC. It is to be expected to be a public-private partnership. Parking garages within 1/8th of a mile of the proposed ESC is to be sufficient for ESC parking with over 8000 unused spaces. Preferred parking in the form of a garage next to the ESC may be requested by the primary tenant and will add to the cost. Public transportation will be available as well. Current information can be found at http://www.thinkbigsacramento.com, the official website with all reports and public information.
Western United States
.The Western United States, commonly referred to as the American West or simply "the West," traditionally refers to the region comprising the westernmost states of the United States. Because the U.S. expanded westward after its founding, the meaning of the West has evolved over time...
. The origin of the family name is Maalouf
Maalouf
Maalouf is the surname of one family that encompasses over 250,000 sons and daughters who share one single ancestor and a detailed family tree for nearly five centuries.-Origins:The Maalouf family belongs to the group of tribes known as Ghassanids that emigrated from Yemen to Houran...
and is of Levantine descent; the family is Lebanese via their paternal grandfather. The Maloofs are the owners of the Sacramento Kings
Sacramento Kings
The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. They are currently members of the Western Conference of the National Basketball Association...
of the NBA
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...
(and their home stadium, Power Balance Pavilion, formerly known as ARCO Arena
ARCO Arena
Power Balance Pavilion is an indoor arena, located in the Natomas area of Sacramento, California. It is the home of the NBA's Sacramento Kings.-Background:...
). The family consists of George J. Maloof, Sr.
George J. Maloof, Sr.
George Joseph Maloof, Sr. was a businessman and, at the time of his death, owner of the Houston Rockets....
, his wife Colleen, and their children: Adrienne Maloof-Nassif
Adrienne Maloof-Nassif
Adrienne Maloof is an American businesswoman, philanthropist, television personality and co-owner of the various business holdings of Maloof Companies, which include the Palms Casino Resort in Las Vegas, Nevada; the Sacramento Kings, the Sacramento Monarchs, Maloof Productions, Maloof Music and...
, Joe Maloof, Gavin Maloof, George J. Maloof, Jr.
George J. Maloof, Jr.
George J. Maloof, Jr. , also credited as George Maloof Jr. of the Maloof Family, is the son of Colleen and George J. Maloof, Sr...
, and Phil Maloof.
Sports
The family owns a sports franchise in the Sacramento, CaliforniaSacramento, California
Sacramento is the capital city of the U.S. state of California and the county seat of Sacramento County. It is located at the confluence of the Sacramento River and the American River in the northern portion of California's expansive Central Valley. With a population of 466,488 at the 2010 census,...
market—the NBA's
National Basketball Association
The National Basketball Association is the pre-eminent men's professional basketball league in North America. It consists of thirty franchised member clubs, of which twenty-nine are located in the United States and one in Canada...
Sacramento Kings
Sacramento Kings
The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. They are currently members of the Western Conference of the National Basketball Association...
. 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
Women's National Basketball Association
The Women's National Basketball Association is a women's professional basketball league in the United States. It currently is composed of twelve teams. The league was founded on April 24, 1996 as the women's counterpart to the National Basketball Association...
, the Sacramento Monarchs
Sacramento Monarchs
The Sacramento Monarchs were a basketball team based in Sacramento, California. They played in the Women's National Basketball Association from 1997 until folding on November 20, 2009...
. The Maloofs operated the Monarchs until 2009, when the WNBA was unable to find a new owner and the team folded.
Las Vegas
In 1994 the Maloof family bought the Fiesta Hotel in Las VegasLas Vegas metropolitan area
The Las Vegas Valley is the heart of the Las Vegas-Paradise, NV MSA also known as the Las Vegas–Paradise–Henderson MSA which includes all of Clark County, Nevada, and is a metropolitan area in the southern part of the U.S. state of Nevada. The Valley is defined by the Las Vegas Valley landform, a ...
for $8 million, selling it in 2000 for over $185 million. The money was reinvested into the creation of The Palms hotel and casino
Casino
In modern English, a casino is a facility which houses and accommodates certain types of gambling activities. Casinos are most commonly built near or combined with hotels, restaurants, retail shopping, cruise ships or other tourist attractions...
.
Entertainment
The Maloofs have expanded their business ventures into entertainment with the creation of Maloof ProductionsMaloof Productions
Maloof Productions is an American entertainment development and production company formed by the Maloof family in 2004...
and Maloof Music
Maloof Music
Maloof Music is a joint venture record label owned by the Maloof family Maloof Productions and Interscope Records, a division of Universal Music Group. The partnership is overseen by Phil Maloof, the Maloof family and family partner Tony Guanci...
. The primary focus of Maloof Productions
Maloof Productions
Maloof Productions is an American entertainment development and production company formed by the Maloof family in 2004...
is on developing and producing film and television projects. Through its television division, Maloof Television, they have produced the reality series Bullrun
Bullrun
Bullrun is an American reality television series based on the trans-American Bullrun road rally of the same name. The televised version has 12 teams compete in a 4,000-mile 18-day road rally to win the grand prize of US$200,000. Bullrun uses a modified 12-car rally format.-Season 1:Season 1 of...
for Spike TV
Spike TV
Spike is an American cable television channel. It launched on March 7, 1983 as The Nashville Network , a joint venture of WSM, Inc...
in 2007, Speed Channel in 2009, and Living Lohan
Living Lohan
Living Lohan is an American reality television series that debuted on E! on May 26, 2008. The series aired for a total of nine episodes, ending its run on July 27, 2008.-Synopsis:...
, the E!
E!
E! Entertainment Television is an American basic cable and satellite television network, owned by NBCUniversal. It features entertainment-related programming, reality television, feature films and occasionally series and specials unrelated to the entertainment industry.E! has an audience reach of...
reality series running in 2008. They are currently developing Rebuilding the Kingdom with Reality Television Producer Mark Burnett
Mark Burnett
Mark Burnett is a British television producer and executive producer, based in the United States. He currently is the executive producer of five network television series with seven hours of network programming. Works with which Burnett is associated have won multiple awards and recognition...
.
The film division, Maloof Motion Pictures, produced the 2006 film Feast
Feast (film)
Feast is a 2005 black comedy horror film, a result of Project Greenlights third season, the amateur filmmaking documentary series and contest. The winning team was composed of writers Marcus Dunstan and Patrick Melton, and director John Gulager...
and is currently developing The Big Biazarro, starring Pierce Brosnan
Pierce Brosnan
Pierce Brendan Brosnan, OBE is an Irish actor, film producer and environmentalist. After leaving school at 16, Brosnan began training in commercial illustration, but trained at the Drama Centre in London for three years...
.
Maloof Music
Maloof Music
Maloof Music is a joint venture record label owned by the Maloof family Maloof Productions and Interscope Records, a division of Universal Music Group. The partnership is overseen by Phil Maloof, the Maloof family and family partner Tony Guanci...
, which is a joint venture deal with Interscope/Geffen Records
Geffen Records
Geffen Records is an American record label, owned by Universal Music Group, and operated as one third of UMG's Interscope-Geffen-A&M label group.-Beginnings:...
/A&M Records
A&M Records
A&M Records is an American record label owned by Universal Music Group that operates under the mantle of its Interscope-Geffen-A&M division.-Beginnings:...
and Maloof Productions
Maloof Productions
Maloof Productions is an American entertainment development and production company formed by the Maloof family in 2004...
, is currently working with singer Ali Lohan.
Skateboarding
The Maloof Money CupMaloof Money Cup
The Maloof Money Cup is an annual skateboarding event and contest for amateur and professional skateboarders founded by Joe and Gavin Maloof of the Maloof family. The Maloof Money Cup's main goal is to raise the awareness of skateboarding not only in the United States but all around the world by...
is a premiere showcase for professional and amateur skateboarding founded in 2008 by Joe and Gavin Maloof. The Orange County
Orange County, California
Orange County is a county in the U.S. state of California. Its county seat is Santa Ana. As of the 2010 census, its population was 3,010,232, up from 2,846,293 at the 2000 census, making it the third most populous county in California, behind Los Angeles County and San Diego County...
dates of the festival include the US Pro Men's and Women's Street Championships, the US Pro Vert Championships, and the Maloof Money Cup AM Championships. The Maloof Money Cup added a New York date in spring 2010 and will be adding a South Africa date in fall 2011.
Additional lines of business
In addition to their gamingGambling
Gambling is the wagering of money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods...
business, the Maloofs had exclusive proprietorship rights to the distribution of Boston Beer Company
Boston Beer Company
Samuel Adams is an American brand of beer brewed by the Boston Beer Company and its associated contract brewers. The company was founded in 1984 by Jim Koch, Harry M. Rubin, and Lorenzo Lamadrid in Boston, Massachusetts, USA...
, Coors
Coors Brewing Company
The Coors Brewing Company is a regional division of the world's fifth-largest brewing company, the Canadian Molson Coors Brewing Company and is the third-largest brewer in the United States...
, Corona
Corona (beer)
Corona Extra, better known as Corona and labeled as Coronita in Spain, is a brand of pale lager owned and produced by Cerveceria Modelo at a number of breweries in Mexico. It is one of the best-selling beers in Mexico and is one of the top-selling beers worldwide...
, Guinness
Guinness
Guinness is a popular Irish dry stout that originated in the brewery of Arthur Guinness at St. James's Gate, Dublin. Guinness is directly descended from the porter style that originated in London in the early 18th century and is one of the most successful beer brands worldwide, brewed in almost...
, Heineken, Miller
Miller Brewing Company
The Miller Brewing Company is an American beer brewing company owned by the United Kingdom-based SABMiller. Its regional headquarters are located in Milwaukee, Wisconsin and the company has brewing facilities in Albany, Georgia; Chippewa Falls, Wisconsin; Eden, North Carolina; Fort Worth, Texas;...
, Red Bull
Red Bull
Red Bull is an energy drink sold by the Austrian Red Bull GmbH, created in 1987 by the Austrian entrepreneur Dietrich Mateschitz. In terms of market share, Red Bull is the most popular energy drink in the world, with 3 billion cans sold each year. Dietrich Mateschitz was inspired by an already...
, and Tecate products throughout New Mexico
New Mexico
New Mexico is a state located in the southwest and western regions of the United States. New Mexico is also usually considered one of the Mountain States. With a population density of 16 per square mile, New Mexico is the sixth-most sparsely inhabited U.S...
. They sold Maloof Distributing in 2010 to Admiral Beverage Corporation.
The Maloof Companies are one of the largest single shareholders in Wells Fargo Bank.
Family members
The family consists of George J. Maloof, Sr.George J. Maloof, Sr.
George Joseph Maloof, Sr. was a businessman and, at the time of his death, owner of the Houston Rockets....
, 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-NassifAdrienne Maloof-NassifAdrienne Maloof is an American businesswoman, philanthropist, television personality and co-owner of the various business holdings of Maloof Companies, which include the Palms Casino Resort in Las Vegas, Nevada; the Sacramento Kings, the Sacramento Monarchs, Maloof Productions, Maloof Music and...
(born Adrienne Maude Maloof September 1, 1961) - George J. Maloof, Jr.George J. Maloof, Jr.George J. Maloof, Jr. , also credited as George Maloof Jr. of the Maloof Family, is the son of Colleen and George J. Maloof, Sr...
(born George Joseph Maloof, Jr. September 2, 1964) - Phil Maloof (born Phillip James Maloof May 16, 1967)
Phil Maloof, a New Mexico state senator
New Mexico Senate
The New Mexico Senate is the upper house of the New Mexico State Legislature. The Senate consists of 42 members, with each senator representing an equal amount of single-member constituent districts across the state. All senatorial districts are divided to contain a population on average of 43,300...
in the late 1990s, ran unsuccessfully against Heather Wilson
Heather Wilson
Heather A. Wilson , is a former Republican member of the United States House of Representatives representing from 1998 to 2009...
for in 1998.
Albert Maloof Sr., a cousin of George J. Maloof, Sr.
George J. Maloof, Sr.
George Joseph Maloof, Sr. was a businessman and, at the time of his death, owner of the Houston Rockets....
, is best known for his distribution
Distribution (business)
Product distribution is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user.The other three parts of the marketing mix are product, pricing,...
empire in the Southeastern United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.
Popular culture
- The Maloofs frequently appeared on the television show, Las VegasLas Vegas (TV series)Las Vegas was an American television series broadcast by NBC from September 22, 2003 to February 15, 2008. The show focuses on a team of people working at the ficticional Montecito Resort & Casino dealing with issues that arise within the working environment, ranging from valet parking and...
. - Phil Maloof owns the console of the Barton organ installed at Chicago StadiumChicago StadiumThe Chicago Stadium was an indoor sports arena and theater in Chicago. It opened in 1929, and closed in 1994.-History:The Stadium hosted the Chicago Blackhawks of the NHL from 1929–1994 and the Chicago Bulls of the NBA from 1967–1994....
. - 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 LollipopLollipop (Lil Wayne song)"Lollipop" is the first single from Lil Wayne's sixth studio album, Tha Carter III. The track features the late R&B artist Static Major and is produced by Deezle and Jim Jonsin. The song was released digitally on March 13, 2008. The song is Lil Wayne's & Static Major's most successful to date,...
, which was filmed at Gavin Maloof's multi-million dollar mansion in the Southern Highlands Golf ClubSouthern Highlands Golf ClubSouthern Highlands Golf Club is a private eighteen-hole golf course and the most affluent neighborhood in the Las Vegas metropolitan area, considered to be one of the finest in the United States. The golf course was co-designed by Robert Trent Jones and his son Robert Trent Jones, Jr.; it was the...
, 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 LudacrisLudacrisChristopher Brian Bridges , better known by his stage name Ludacris, is an American rapper and actor. Along with his manager, Chaka Zulu, Ludacris is the co-founder of Disturbing tha Peace, an imprint distributed by Def Jam Recordings...
' music video, "What Them Girls LikeWhat Them Girls Like"What Them Girls Like" is the first single from Ludacris's sixth studio album Theater of the Mind. The single features Chris Brown and Sean Garrett and is produced by Darkchild.-Release:...
". - Joe and Gavin appear in Katy Perry's "Waking Up in Vegas" music video, partially filmed at The Palms Resort and Casino.
- On March 28th, 2010, Gavin appeared as a guest judge on Celebrity Apprentice 3, filling in for Ivanka Trump.
- Adrienne Maloof appears in Bravo's The Real Housewives of Beverly HillsThe Real Housewives of Beverly HillsThe Real Housewives of Beverly Hills is an American reality series for the Bravo cable network. The sixth installment in the network's The Real Housewives of... franchise, production for the Evolution Media series began in March 2010. The show premiered on October 14, 2010...
.
Criticisms
The Maloof family, especially Joe and Gavin, were under heavy fire in 2006 when they proposed building a new basketball arena in downtown SacramentoSacramento
Sacramento is the capital of the state of California, in the United States of America.Sacramento may also refer to:- United States :*Sacramento County, California*Sacramento, Kentucky*Sacramento – San Joaquin River Delta...
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
Sacramento Kings
The Sacramento Kings are a professional basketball team based in Sacramento, California, United States. They are currently members of the Western Conference of the National Basketball Association...
and the Sacramento Monarchs
Sacramento Monarchs
The Sacramento Monarchs were a basketball team based in Sacramento, California. They played in the Women's National Basketball Association from 1997 until folding on November 20, 2009...
to Las Vegas if they did not get a new arena. In November, voters overwhelmingly voted against the proposal.
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 but fell apart soon after, leaving Sacramento without a new arena.
In late 2010 the Maloof family began negotiating with officials in Anaheim, California in an effort to move the NBA Kings franchise to that city, despite repeated assurances that the team would stay in Sacramento. On March 29, 2011, the City of Anaheim approved bond measures aimed at assisting the Kings move. Finally, on May 2, 2011, the NBA put a halt to the move to Anaheim, California because the current bills that were owed to the city of Sacramento, California gave the city just cause to keep them in Sacramento. In June of 2011, the Maloof brothers, Joe and Gavin, sold majority share of the Palms to two lending companies (Leonard Green & Partners LP in Los Angeles and TPG Capital in Texas), allowing them to continue building their stadium.
Upon the news of a possible relocation, Sacramento Kings launched a grassroots effort with pledges of over $800,000 to go to a new arena. This and other grassroots efforts, along with Mayor Kevin Johnson
Kevin Johnson
Kevin Maurice Johnson is the current mayor of Sacramento, California. He is Sacramento's first African American mayor. Prior to entering politics, Johnson was a basketball player in the NBA, playing point guard for the Cleveland Cavaliers and the Phoenix Suns...
's presentation to the NBA Board of Governors, convinced the NBA to delay any relocation authorization for one year. Within this one year time frame (deadline: March 2012) a completed arena plan, with funding, must be in place.
The plan for the Entertainment and Sports Complex (ESC), as of July 2011, is to be built on the former railyard site in downtown Sacramento. Funding mechanisms will be disclosed on or about September 8, 2011 and is expected to include a variety of methods including User Fees on events and products sold at the ESC. It is to be expected to be a public-private partnership. Parking garages within 1/8th of a mile of the proposed ESC is to be sufficient for ESC parking with over 8000 unused spaces. Preferred parking in the form of a garage next to the ESC may be requested by the primary tenant and will add to the cost. Public transportation will be available as well. Current information can be found at http://www.thinkbigsacramento.com, the official website with all reports and public information.
External links
- Maloof Productions Maloof Productions website.
- Maloof family biographies
- The Palms Resort and Casino The Palms Casino Resort website.
- http://www.news10.net/display_story.aspx?storyid=18870
- http://msn.foxsports.com/nba/story/6466164
- http://adriennemaloof.com/ Adrienne Maloof's official website.