Their ownership was characterized by significant investment in the team, most notably the 2002 decision to keep the Kings in Sacramento during a contentious battle against the Seattle SuperSonics. The current front office, led by CEO Mike Dunleavy and General Director Monte McNair, operates independently of the family that once held the reins.
Do the Maloofs Still Own the Kings? Current Status Explained
Gavin Maloof, along with his brother Joe, took over the franchise in 1998 when it was still the Sacramento Kings. Current Ownership Structure and the Maloof Stake So, do the Maloofs still own the Kings? The direct answer is no; they do not hold an ownership stake in the franchise.
This group acquired the team for a reported $535 million and has since been committed to the long-term vision of making Sacramento a permanent home for NBA basketball. For over a decade, the Maloof family was the public face of the franchise, navigating periods of frustration for loyal fans and laying the groundwork for the team's current renaissance.
H3: Current Maloofs Ownership Status: Why They No Longer Hold the Kings
The focus on youth and data-driven strategy represents a clear departure from the Maloof-era approach, signaling a commitment to a new chapter of excellence in the Western Conference. His ownership group has prioritized constructing a sustainable model for success, evidenced by the recent extensions for core players like Domantas Sabonis.
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