Sam Morris/Las Vegas News Bureau
Team owners, from left, Bill Foley, Gavin Maloof and George Maloof try on branded caps while sportscaster Chris Maathuis speaks at the unveiling of the name of the NHL’s newest team, the Vegas Golden Knights, Tuesday, Nov. 22, 2016, at Toshiba Plaza.
Thursday, Jan. 11, 2024 | 6:48 p.m.
Members of the Maloof family have sold their remaining ownership stake of the Golden Knights to majority owner Bill Foley, the team announced tonight.
George, Gavin, Joe and Phil Maloof sold their interests to Foley, while Adrienne Maloof will continue as an indirect owner of the Golden Knights as a limited partner.
“We would like to thank the entire Maloof family for their contributions to the Vegas Golden Knights organization during their tenure as minority owners,” Foley said in a statement provided by the team. “They were helpful in bringing NHL hockey to Las Vegas and had a belief and commitment to our city as a viable major professional sports market. We wish the family continued success.”
The Maloofs’ run with Foley dates to 2015 when the latter began the push to bring the NHL to Las Vegas. Two years prior, the family sold its entire interests in the NBA’s Sacramento Kings after 14 years of owning the franchise.
Foley and the Maloofs paid a $500 million expansion fee to join the NHL, with the Golden Knights joining the league for the 2017-18 season.
In six-plus years, and coming off their first Stanley Cup championship last season, the Golden Knights are valued at $1.13 billion, according to Forbes.
Danny Webster can be reached at 702-259-8814 or [email protected]. Follow Danny on X at twitter.com/DannyWebster21.
