Maloof brothers glad they invested in Golden Knights

In business, there are no guarantees. But sometimes you play a hunch and it turns out to be a smashing success.

The Maloof family had a pile of money after they sold the NBA’s Sacramento Kings five years ago. They were looking to get back into pro sports, and after talking to NHL commissioner Gary Bettman about bringing a team to Las Vegas, they were introduced to Bill Foley, who had the same vision.

Foley and the Maloofs agreed to a partnership, and the Maloofs bought in for about 15 percent as minority investors in the Golden Knights.

Smart move.

The Knights have been wildly successful in their inaugural season, and on the eve of the Stanley Cup playoffs, the Maloofs have seen the city they love transform itself into a major league town.

“That’s been the best part,” Joe Maloof said. “This city needed its own team, and we’re so happy for the fans.”

His brother Gavin said: “It’s been an absolute blast. It’s like a big party at every home game, and the team has been amazing.

“I’ll be honest. I thought we’d win 10 to 15 games. I never thought they’d win like they have.”

The Maloofs have enjoyed watching their investment in relative anonymity. When they owned the Kings, they were courtside most nights and always had the television cameras on them. With the Knights, they watch from a suite at T-Mobile Arena with their friends while Foley is the visible one.

“We’re totally comfortable with that,” Joe Maloof said. “Bill’s a great guy, and he has done a fantastic job of hiring the right people to help run the franchise.”

George Maloof said: “Someone’s got to be the face of the franchise. We’re fine being in the background.”

The events of the Oct. 1 Strip shooting were not lost on the brothers when they think about what having the Knights in Las Vegas has meant to the community.

“It was huge to have our players get out in the community after what happened and support the victims,” Gavin Maloof said. “There’s no question the team has helped the city heal.”

For the Maloofs, this was not just a financial investment. It has helped rehab their image after the Kings fans turned on them late in their ownership tenure in Sacramento after they had explored moving the team, before ultimately selling the Kings to an ownership group led by Vivek Ranadive.

“We want to leave a little bit of a legacy here in Las Vegas,” Joe Maloof said. “The most important thing was to help bring the team to the city. Everything else is the cherry on top.”

More Golden Knights: Follow all of our Golden Knights coverage online at reviewjournal.com/GoldenKnights and @HockeyinVegas on Twitter.

Contact Steve Carp at scarp@reviewjournal.com or 702-387-2913. Follow @stevecarprj on twitter.

ad-high_impact_4
Golden Knights Videos
Golden Edge Mailbag - December 19, 2018
Ben Gotz and Adam Hill go over all your burning VGK questions.
Golden Edge: Golden Knights are Shut Out in Columbus
The Las Vegas Golden Knights were shut out by the Blue Jackets and Max Pacioretty leaves the game early. David Schoen reports from Columbus, Ohio at Nationwide Arena.
Gallant on injuries
Gerard Gallant talks about injuries affecting the Golden Knights. (David Schoen/Las Vegas Review-Journal)
Gallant says Subban was outstanding in loss
Gerard Gallant talks about Malcolm Subban's outstanding play in the Golden Knights' 1-0 loss to Columbus. (David Schoen/Las Vegas Review-Journal)
Golden Knights Beat The Rangers 4-3 - Golden Edge
Vegas Golden Knights win against the New York Rangers 4-3 in overtime. Golden Knights beat reporter David Schoen goes over the the teams win.
Gallant NY 4
Gallant NY 3
Gallant NY 2
Gallant NY 1
Golden Knights Fall to Devils 5-4 in OT
The Golden Knights surrendered a 3-0 lead as the New Jersey Devils comeback to win 5-4. David Schoen discusses the game.
Gallant NJ 3
Gallant NJ 2
Gallant NJ 1
Golden Knights center Paul Stastny on rejoining the lineup
Golden Knights center Paul Stastny on rejoining the lineup. David Schoen/Las Vegas Review-Journal
Golden Knights center Paul Stastny discusses his injury
Golden Knights center Paul Stastny discusses his injury. David Schoen/Las Vegas Review-Journal
Knights center Paul Stastny discusses his return to the ice
Knights center Paul Stastny discusses his return to the ice. David Schoen/Las Vegas Review-Journal
Golden Knights Outshine Stars 4-2
The Golden Knights take down the Dallas Stars for their 8th win in their last 10 games. David Schoen discusses the victory.
Golden Knights prepare for road trip after 4-2 win over Stars
Vegas Golden Knights coach Gerard Gallant and team players talk about carrying the momentum off their 4-2 win over the Dallas Stars into their 4-game road trip.
Golden Knights Suffer Heavy Loss To Kings - Golden Edge
Vegas Golden Knights lose to the Los Angeles Kings 5-1. Review-Journal sports writer Adam Hill goes over the Knights loss.
Golden Knights Head Coach Gerard Gallant On Loss To Kings
Golden Knights head coach Gerard Gallant talks to media about the Knights 5-1 loss to the Kings.
Golden Knights on their 4-3 victory over the Blackhawks
Players from the Vegas Golden Knights reflect on their third period surge and what else led them to a 4-3 victory over the Chicago Blackhawks.
Deryk Engelland at The Cosmopolitan of Las Vegas
The Cosmopolitan of Las Vegas was a new experience for Golden Knights defenseman Deryk Engelland on Wednesday night. He said he was looking forward to spending time with family and going for a skate, as well as lighting the Christmas tree for fans.
Golden Edge: Ryan Reaves will face no further penalty for hit
The Golden Knights' Ryan Reaves will not be suspended following a hit on the Washington Capitals' Tom Wilson on Tuesday night. David Schoen and Adam Hill report from team practice at City National Arena.
Vegas Golden Knights Christmas Display
In the Las Vegas Valley, the chances of getting a white Christmas are slim. But this year, you can have a “Knight” Christmas. A Henderson resident has a Christmas lights display that is synchronized to the entrance music for the Golden Knights. GG Misa’s Knights light show is played every 30 minutes from 5 to 10 nightly. His light show consists of two songs: Mariah Carey’s “All I Want for Christmas Is You” and the entrance music, “Le Castle Vania,” from the movie “John Wick.” The display is located at 730 Bollons Island St. (Richard Brian/Las Vegas Reivew-Journal)
Golden Knights Avenge Final Loss, Top Caps 5-3 - Golden Edge
The Golden Knights rally to defeat the Washington Capitals in a rematch of last year's Stanley Cup Final. David Schoen and Adam Hill discuss the win and Ryan Reaves big hit on Tom Wilson.
Golden Knights, Schmidt on their emotional win over the Capitals
The Vegas Golden Knights talk about their emotional victory and playing physical against their 2018 Stanley Cup opponent, the Washington Capitals.
Golden Knights head coach happy with team's effort in win over Capitals
Vegas Golden Knights' head coach Gerard Gallant says he was happy with the team's effort in their 5-3 win against the Washington Capitals, the 2018 Stanley Cup winners.
Golden Knights License Plate Sales
Twenty-Five year Las Vegas resident, Bernard Turner, loves the Golden Knights and couldn’t wait to get the team-inspired specialty license plate on his new vehicle. Over 11,000 of the plates have been ordered since becoming available in October, according to the Nevada Department of Motor Vehicles.
Golden Edge: Golden Knights Fall to Oilers 2-1
The Golden Knights come up short in Edmonton against the Oilers. David Schoen discusses the game.
Alex Tuch on Golden Knights' 2nd line
Alex Tuch talks about the chemistry between players on the Golden Knights' second line. (David Schone/Las Vegas Review-Journal)
Golden Knights Win Five Games Straight, Beat Canucks 4-3
Golden Knights win five games straight after beating the Vancouver Canucks 4-3. Golden Knights beat reporter David Schoen goes over the Knights win.
Gerard Gallant on Marc-Andre Fleury
Golden Knights coach Gerard Gallant talks about Marc-Andre Fleury af the Knights win in Vancouver. (David Schoen/Las Vegas Review-Journal)
Reaves faceoffs 3
Reaves faceoffs 2
Reaves faceoffs 1
Gallant pre Vancouver
Golden Edge: Knights Have Strong Game Against Chicago
Golden Knights get strong win over the Chicago Blackhawks with an 8-3 victory. Golden Knights beat reporter David Schoen breaks down the knights fourth straight victory in a row.
Golden Edge Mailbag
Ben Gotz and Adam Hill answer all your burning Vegas Golden Knights questions and comments
Golden Edge: Golden Knights defeat Sharks 6-0 for 2nd straight shutout
William Karlsson scored the fastest goal in franchise history, and the Knights finally looked like the team that advanced to last year’s Stanley Cup Final with a 6-0 shellacking of first-place San Jose. Adam Hill and Dave Schoen report from T-Mobile Arena.
William Carrier Talks About the Knight's Win
Golden Knight's forward William Carrier scored his fourth goal of the season to help the team beat San Jose 6-0.
Marc-Andre Fleury Speaks After Shutout
Golden Knight's goalie Marc-Andre Fleury puts up his second shutout in back to back games. The Knights defeated the Sharks 6-0.
Golden Edge: Golden Knights Shut out Calgary
Golden Knights shutout the Calgary Flames 2-0 after coming home from their three game road trip. Adam Hill and David Schoen recap the Knights victory over the Flames at T-Mobile Arena.
Gerard Gallant says team's play is improving after win over Flames
Vegas Golden Knights head coach Gerard Gallant discusses the team's play and credits Marc-Andre Fleury's performance in their 2-0 shutout win against the Calgary Flames.
Golden Knights talk about their 2-0 win over the Flames
Vegas Golden Knights Nate Schmidt, Colin Miller, Marc-Andre Fleury and Alex Tuch discuss the team's 2-0 win over the Calgary Flames.
James Neal Talks About Being Back In Vegas
Former Golden Knights forward James Neal talks to media about playing his former team in Las Vegas.
Golden Edge: Pacioretty and Knights Come Away with Two
Max Pacioretty scored his second goal of the night in overtime to defeat the Arizona Coyotes as the team takes two points. They got 3 of 4 points overall on this road trip putting them at 21 for the season. Adam Hill reports from Arizona.
Coach Gallant Talks with Media After Win
The Golden Knights defeated the Arizona Coyotes in overtime with a Max Pacioretty game-winner. Coach Gerard Gallant speaks on the teams performance.
Max Pacioretty Talks After Scoring Game Winner
Golden Knights left wing Max Pacioretty scores in overtime to defeat the Coyotes.
Gallant on Toronto loss
Gallant on Pacioretty
Gallant on how season has gone
Pacioretty on possible return
Gallant and Marchessault on Perron
Coach Gerard Gallant and Golden Knights Jonathan Marchessault comment on former Knights player David Perron (Dave Schoen/Las Vegas Review-Journal)
Coach Gerard Gallant on former Knights player David Perron
Coach Gerard Gallant on former Knights player David Perron (Dave Schoen/Las Vegas Review-Journal)
Marchessault on Perron
VGS themed games from AGS at G2E Global Gaming Expo
A Golden Knights-themed slot machine was on display Tuesday at the G2E Global Gaming Expo as AGS showed two products that came out of a 3-year contract with the Knights. A video roulette game featuring a Knights helmet and an enormous slot machine were on the floor along with Knights cheerleaders, the Drumbots and Chance, the Knights' mascot. (Mat Luschek/Las Vegas Review-Journal)
Golden Knights talk after practice
Marc-Andre Fleury, Max Pacioretty and Cody Eakin in the locker room on Wed. October 3, 2018.
Vegas Golden Knights show support at blood drive
Members of the Vegas Golden Knights NHL team showed up for a community blood drive on the first anniversary of the Las Vegas shooting, Oct. 1, 2018. (Mat Luschek/Las Vegas Review-Journal)
Nevada Task Force One Cheers Golden Knights
Nevada Task Force One Cheers Golden Knights
TOP NEWS
News Headlines
Home Front Page Footer Listing
Circular
You May Like

You May Like