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View Full Version : Maloofs want to remain "owners"



pupsingh
01-10-2013, 05:52 PM
http://seattletimes.com/html/sports/2020104985_kings11.html

so they want to sell the team yet make the decisions still. seattle got MALOOFED

Vinny642
01-10-2013, 05:58 PM
WOw they are embarrassing

JEDean89
01-10-2013, 06:03 PM
someone needs to explain to these guys how business works. when you sell something, you give up ownership and control of it for a monetary exchange. you don't sell something then still own it. these guys needs to be forced out by stern if ever there were basketball reasons.

pupsingh
01-10-2013, 06:05 PM
someone needs to explain to these guys how business works. when you sell something, you give up ownership and control of it for a monetary exchange. you don't sell something then still own it. these guys needs to be forced out by stern if ever there were basketball reasons.

this X100!

Ebbs
01-10-2013, 06:06 PM
Money + indecision

sacgiants1213
01-10-2013, 06:09 PM
Maloofs are who they are. Seattle fans should have listened to Kings fans. We knew that this wasn't going to be a sure thing.

PleaseBeNice
01-10-2013, 06:19 PM
#Maloofed

rocky4104
01-10-2013, 06:20 PM
a**holes

tmacsc2
01-10-2013, 06:21 PM
I saw this coming as a Seattle fan and knowing how ****ing ridiculous these queers are

KingPosey
01-10-2013, 06:27 PM
lol Im telling you guys, they are scoundrels. They are so shady and manipulative.

Mr_Amaziing
01-10-2013, 06:38 PM
Are you serious??

kingsdelez24
01-10-2013, 06:41 PM
They tried to do this with the Palms Casino... now they're names aren't even on the building as founders

jiggin
01-10-2013, 06:44 PM
someone needs to explain to these guys how business works. when you sell something, you give up ownership and control of it for a monetary exchange. you don't sell something then still own it. these guys needs to be forced out by stern if ever there were basketball reasons.

actually, its pretty common for the majority owner to sell off the majority ownership, but leave some level of ownership still in place, be it possibly a small %. They do this to help with taxes ect... (see Zell selling the Cubs as an example) but also as a way to keep a chunk of the capital in case things improve and they can start making money off of the majorities investment and changes. I would be interested to hear exactly what % they held onto...

jiggin
01-10-2013, 06:47 PM
They tried to do this with the Palms Casino... now they're names aren't even on the building as founders

yet they probably are still on the ownership slip somewhere, even with a small %, and even though they don't have their name on the door, they are making MILLIONS being the silent investor.

Silent, small investments are a staple for the wealthy. You would be surprised who owns pieces of what companies...you will never hear their names though, and that is the way most want it. Make lots of money without the majority responsibility or backlash.

abe_froman
01-10-2013, 06:49 PM
think they'll eventually give in.every attempt to move fails and they really dont want to be in sac,so eventually they'll sell to someone(maybe keep a minority ownership stake)

tapajafri
01-10-2013, 07:03 PM
The team should stay in Sacramento anyways. That's where they belong and the city/fans deserve that team.

Seattle deserves the thunder, but since that's out of the question, they should just get an expansion team.... or hell, send the bobcats or hornets/pelicans to Seattle. New Orleans is definitely not more deserving of a team than Sacramento and Seattle are.

KingsPhillies
01-10-2013, 07:04 PM
yet they probably are still on the ownership slip somewhere, even with a small %, and even though they don't have their name on the door, they are making MILLIONS being the silent investor.

Silent, small investments are a staple for the wealthy. You would be surprised who owns pieces of what companies...you will never hear their names though, and that is the way most want it. Make lots of money without the majority responsibility or backlash.

Very true. Jay-Z only forked out $4.5 million(not an incredible sum when put into perspective) for his stake in the Nets, but still reaps the benefits of being part of the team's ownership. The main differences being: First, a lot of people actually like Jay-Z, and second, he has excellent business acumen...neither can be said for the Maloofs.