SBD/16/Franchises

THE MALOOFS ARE ON FIRE AFTER THEIR PURCHASE OF THE KINGS

          The NV and NM-based Maloof family has bought a 24%
     share in the NBA Kings, Monarchs and Arco Arena, according
     to Gary Delsohn of the SACRAMENTO BEE.  The deal, worth
     $37.5M, "fulfills a dream" of the four sons of late Rockets
     Owner George Maloof, who have wanted "to re-enter the pro
     sports fraternity" after they sold the Rockets upon their
     father's death in '80.  Gavin Maloof, on the sale of the
     Rockets: "That was not one of our smarter decisions."  The
     Maloofs said it's "nothing but speculation" about whether
     they will seek to exercise options contained in the deal to
     "buy out" Kings Managing General Partner Jim Thomas and
     other partners (SACRAMENTO BEE, 1/15).  In Las Vegas, Matt
     Jacob wrote that the Maloofs' announcement "immediately
     triggered speculation that the Kings would abandon
     Sacramento and possibly move to Las Vegas" (REVIEW-JOURNAL,
     1/15).  But Joe Maloof said that they have "no plans" to
     move the Kings, but "would like" the team to play "a few
     games" at The Pit in Albuquerque, NM (SACRAMENTO BEE, 1/15).
     In Las Vegas, Matt Jacob reported that as part of the deal
     with the Kings, the Maloof-owned Fiesta casino "can no
     longer book NBA games" (L.V. REVIEW-JOURNAL, 1/15).
     
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