<Tr> <Th> Distinctions </Th> <Td> Entertainment industry </Td> </Tr> <P> The Maloof family is a prominent American family based in Las Vegas, Nevada, who are owners of numerous business properties in the Western United States . The origin of the family name is Maalouf and is of Lebanese descent via their paternal grandfather . </P> <P> Originally from New Mexico, the family's success began with the distribution rights for Coors Beer in the Southwest region of the US in 1937 . The Maloofs were the owners of the Sacramento Kings of the National Basketball Association (NBA) from 1998 until 2013 . Notable family members include George J. Maloof Sr., Adrienne Maloof, and George J. Maloof Jr...</P> <P> The family owned a sports franchise in the Sacramento, California market--the NBA's Sacramento Kings from 1998 until 2013 when the Maloof family sold the 65% of the team they owned to a Sacramento group led by Vivek Ranadive for $347 million who were committed to building a new arena in downtown Sacramento that had previously been rebuked by the Maloofs . The Maloofs had 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 . Prior to the sale of the team, a previous deal had been reached, selling the Kings to Microsoft CEO Steve Ballmer and investor Chris Hansen, who had hoped to move the team to Seattle . This sale was nullified on May 15, 2013, when the NBA Board of Governors denied the relocation in a vote of 22 - 8 . The Maloof family also briefly owned the Houston Rockets from 1979 - 1982 . The Rockets made the NBA Finals in 1981 . The team was sold to Charlie Thomas in 1982 . The Maloofs are also the minority owners of the Vegas Golden Knights of the NHL (which will begin play in the 2017 - 18 season). </P>

Does the maloof family own the sacramento kings