The Maloof family, who are well-known for having a big impact on Las Vegas, has parted ways with the Golden Knights, the city’s NHL team. The team’s primary owner, Bill Foley, has acquired the shares that the four Maloof brothers—George, Gavin, Joe, and Phil—sold. Adrienne Maloof, their sister, will still be a limited partner in the company, nevertheless.
The Maloof Family’s Golden Knights Investment
The Maloof family had previously controlled 15% of the Golden Knights. Their interest in the team started at the outset, driven by the desire to bring a fresh sports organization to Las Vegas. The brothers’ attendance at the Stanley Cup Final’s decisive Game 5 triumph over the Panthers, a historic turning point in their relationship with the 2017 NHL expansion team, demonstrated their unwavering dedication.
Important Meeting: A Revolution
The Maloof brothers emphasized an important conversation that NHL Commissioner Gary Bettman had with them in New York when they looked back on the team’s beginnings. This meeting, which took place after they surrendered their ownership of the Sacramento Kings, was crucial in getting Las Vegas an NHL team.
Forward-Looking: New Projects
George Maloof reflected on their adventure after selling their ownership of the Golden Knights. He pointed out that winning the Stanley Cup signaled the completion of the family’s involvement and suggested a new chapter in their history. George Maloof reaffirmed the family’s ongoing interest in investigating sports-related endeavors in Las Vegas, highlighting their commitment to giving back to the community even though exact plans are still unknown. The family is still very much committed to Las Vegas, and they plan to work on community-focused projects in the future.