Anybody else kind of disturbed that the maloofs have been exposed as frauds?

KJ has been marketing the Kings Franchise better over the past 2 weeks than the Maloofs have done in the past 2 years. He has also shown more heart and passion for the franchise and he doesn't even own the kings and does not even stand to profit (other than political points) from getting big money on board for the franchise.

I am starting to believe that the maloofs have been purposely frauding the people of Sacramento with their claims of the lack of corporate sponsors and viability of the market in order to move the team.

I might have a bit more respect for them if they just came out and said "we don't like Sacramento so we are moving, bye" rather than pretend there is no money to be made here without even trying.
 
KJ has been marketing the Kings Franchise better over the past 2 weeks than the Maloofs have done in the past 2 years. He has also shown more heart and passion for the franchise and he doesn't even own the kings and does not even stand to profit (other than political points) from getting big money on board for the franchise.

I am starting to believe that the maloofs have been purposely frauding the people of Sacramento with their claims of the lack of corporate sponsors and viability of the market in order to move the team.

I might have a bit more respect for them if they just came out and said "we don't like Sacramento so we are moving, bye" rather than pretend there is no money to be made here without even trying.

don't think it would fly with the NBA and relocating thats probably why they did fraud, if that is what they did
 
KJ has been marketing the Kings Franchise better over the past 2 weeks than the Maloofs have done in the past 2 years. He has also shown more heart and passion for the franchise and he doesn't even own the kings and does not even stand to profit (other than political points) from getting big money on board for the franchise.

The only reason KJ has been successful at marketing over the past 2 weeks is directly because everyone knows the Kings are trying to move. You think he could do this a couple years ago? There is urgency and desperation, and KJ has the Maloofs to thank for that.

As for the fraud part, that doesn't dignify a response.
 
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KJ has been marketing the Kings Franchise better over the past 2 weeks than the Maloofs have done in the past 2 years. He has also shown more heart and passion for the franchise and he doesn't even own the kings and does not even stand to profit (other than political points) from getting big money on board for the franchise.

I am starting to believe that the maloofs have been purposely frauding the people of Sacramento with their claims of the lack of corporate sponsors and viability of the market in order to move the team.

I might have a bit more respect for them if they just came out and said "we don't like Sacramento so we are moving, bye" rather than pretend there is no money to be made here without even trying.


rhythmless is right, KJ has been able to get these pledges because he can call up those businesses and say its basically put up some money or they are leaving. Just like a lot of fans that haven't cared as much about the team in the recent years has all of a sudden came back to support the attempt to stop the move because its do or die.

The Maloofs can't go to their community every year and threaten if you don't sponsor us then we'll leave. Of course their sales people should still reach out to the businesses, but the local economy has to be able to provide sponsors without having a threat to be really considered as viable.

Also, these pledges are for this season I suppose. But how many seasons will these sponsors continue to pump in money if the Kings decides to stay for good and there is no longer a threat of them leaving? I understand not many people like the maloofs right now, but we have to be fair here.
 
I think the best criticism is that KJ is better at selling the Kings than the Maloof. KJ has gone door to door saying, look I know you do a lot … but if you don’t do a little more the Kings aren’t going to make it here. Granted, people are responding to a panic situation … but it also leads to a reasonable inference that the Maloofs haven’t sufficiently developed these relationships, been forthcoming enough about the situation to their partners, or as willing to plead for money as KJ.

The Maloofs customer service is top shelf. But the notion that they are good businessmen might be overstated or even false. For people who know Vegas, high end condos off the strip were a huge risk at the time. The beer distributorship was expanded when the economy was red hot and sold shortly thereafter when things were down. I can’t see how that penciled out in a few years… and if it somehow did, the decision to sell a business that profitable was a huge mistake. They didn’t appear to be very well diversified for a long time … and then followed that a flurry of expansion into several entertainment projects … which have all been shuddered after apparently failing to make money.

While the Maloofs still have significant family wealth, a majority of their businesses that operated during their stewardship of the Kings have been closed (Beer, Monarchs, and several media companies including movies, television, and music) the Kings aren’t in good shape and the Palms is in serious trouble.

When you look at the way they let Jim Thomas run ticket sales and their hare brained ideas like gold jerseys, Carl’s Jr. ads, Whiz as a head coach, ect. ect. Its entirely possible that they just don’t have a strong nose for business. To me, they’ve always seemed pretty tone deaf.

So I don’t think they are a fraud. And I’m not claiming that KJ simply found money that was always sitting there for the Maloofs to grab. But I don’t think the Kings have been well run, and I think having out of town owners, distancing themselves from a team, that’s basically at odds with the city leaders hurt business. They could have handled this a different way, but their desire to get the best deal possible appears to have controlled. KJ’s efforts with local businesses seem to indicate that posture cost them a lot of sponsorship money.
 
I wouldn't say the Maloofs are frauds. However, what is shows is that when push comes to shove, the business community in Sacramento does care. KJ asked for help and stated that many of the donations came from untapped sources. So it appears the Maloofs never asked. Also, as KJ stated the business relationship needs to be cultivated in the community. No one expects the Maloofs to threaten businesses. But when the Maloofs need help, they need to already have that relationship in place where THEY could ask Thunder Valley for extra sponsorship.
 
The Maloofs original business plan with the Kings is pretty clear: (1) take a franchise that’s got potential, but has generally been pretty destitute for over a decade; (2) spend some money and build a winner; (3) ride that momentum into a few facility, and reap the profits from those new revenue streams.

Decent concept. Except this is California, where the 49ers, Giants, Chargers, A’s, Rams, and Raiders already had / were going through brutal arena fights over public funding. Thus, it’s a lot more risk than getting the Pacers good enough to get Conseco built. And therefore, it was a risky business move (because without a new arena, the previous owner had a hard time making yearly profits.)

They hit the arena roadblock and Webber’s knee went pop. The safe move was to lower payroll to slightly below the cap, try to rebuild right away, and take a more collaborative and deliberate approach on the arena negotiations.

But the Maloofs stuck to their original plan and doubled down by trying to keep the Kings competitive enough to remain in the playoffs, hoping the level of excitement would keep the city and fans at the table and willing to pay top dollar. Shareef, Q&R, Miki Moore, and the Convergence plan, I mean they really started swinging for the fences … hoping that neither process would run out of gas. And then the wheels fell off both sides of the car …

Both in terms of talent and a protracted arena fight, which led a lot of citizens to assume relocations wasn’t imminent and something they could live with. We all know people who said, oh, its fine there will be another plan, or I’m so sick of it that I’m fine if they do leave.

Like I said, I might be wrong but it seems like the Maloofs have a strong stomach for risk, but a bad nose for it … which has led to a lot of bad business decisions.
 
People make livings off of getting sponsorships on a yearly basis even when the economy sucks and there are no emergencies to contribute. It's all how you present it, and apparently, the Maloofs didn't even get a percentage of the 8 plus million dollars that were ready to be given to the Kings. Colleges do it all the time: "We're looking for even a minimal donation. Just 5 dollars." Then the next year, because you made a donation the year before, they call you and say, "You donated 5 dollars this year but we're looking to upgrade facilities this year. Would you like to increase your donation to 6 dollars this year accordingly?"

That's what will happen here next year. "Thunder Valley, last year you gave $1 million but we're getting new players and a more competitive team this year. How about an extra 100K on top of that million this year?" It's all how you present it and the Maloofs fumbled big time here.


Oh come on, is it really that easy to get money these days? No offense, but you must be living in a different world than the rest of us. The economy has sucked and guess what? Colleges are NOT getting nearly the amount of donations as they used to. Check the UCs, the Cal States or any other public or private universities through out the country.

Almost all of their funding including donations and sponsorships are way way down. Thats why you hear on the news that all the universities are canceling classes, cutting staff and charging higher tuition. In good economies, people are more willing to make donations and sponsorships. In bad economic times such as the last few years and present, not many people will do it.

UC Berkeley, one of the best universities in the nation, has had about 16 (don't remember exact number) sport programs SHUT DOWN due to insufficient funding. And guess what? The school did call up all the sponsors and reached out the the community for donations. Even alumni who are current MLB players chipped in to help and start fund raisers and did not get enough. Their baseball program was still CANCELLED!

And this is for colleges, which are for kids/students and most people are more willing to donate to education rather than to a for profit business like the Kings.
 
In a state short of RNs the schools that train them have been cut back. Maloofs had nothing to do with that.
 
Cal Berkeley baseball isn't cancelled anymore. The money was there.

I just checked and I see it was cancelled but recently saved. But it doesn't change the whole idea I presented. Other sports programs are still shut down. And this is happening in colleges across the nation. You get the point.

Its not nearly as easy as you said. Even colleges, the institutions that for our kids, our future, have an extremely tough time to get people to open their wallets. Don't think for a second that a business thats out there to profit, can easily get sponsorships in one of the worse hit cities in the state.
 
In a state short of RNs the schools that train them have been cut back. Maloofs had nothing to do with that.

Thats right. Feel free to dislike them, but the Maloofs did not leave money on the table that could've been easily obtained. Its not easy for anyone right now.
 
The only reason KJ has been successful at marketing over the past 2 weeks is directly because everyone knows the Kings are trying to move. You think he could do this a couple years ago? There is urgency and desperation, and KJ has the Maloofs to thank for that.

As for the fraud part, that doesn't dignify a response.



Lol. How much did the brothers Magoof pay you to stick up for them? Obviously it does dignify a response. The most unintelligent form of argument besides strawman and ad-hominem is to say that something "doesn't dignify a response" when it's a relatively legitimate thought.
 
I would hazard that no, they're not "Frauds" persay, but they are obviously poor at the whole business aspect of things. I wonder if they ever took business classes at a decent school, or just got everything handed to them by their dear daddy. I compare them with Burkle, who is a very self sufficient billionaire who, (although dropped out of college), is a very successful businessman who knows how to run a business model.

This just shows that when the going got tough, the Maloofs get going. They care more about their financial futures, or trying to salvage it as desperately as possible, and to them, that means screw it, Sacramento.
 
Whether they're frauds or not is debatable. They're certainly inept at running a business though and I'm glad they've been exposed in that regard. Hopefully it will start the ball rolling to eventually get rid of them and let Burkle buy the team.
 
I don't think that KJ is an NBA angel and the Maloofs are NBA evils.

KJ is trying to keep or get an NBA team for the Sacramento area. The Maloofs are looking at moving the franchise to get some financial solutions to family problems that are not all or even mostly KIngs related.

Neither one is hard to understand - they're both trying. I hope KJ is successful. And, as a footnote, I hope the Maloofs can solve their financial problems.
 
Thats right. Feel free to dislike them, but the Maloofs did not leave money on the table that could've been easily obtained. Its not easy for anyone right now.

And you know this how? You have no idea how their sales team does, and if they are inept, or if there were cutbacks or whatnot. So you have NO CLUE... kthx

Tell that to the other sports programs that still got cut.

Which programs are getting cut? Do the research yourself and then come back and tell us your findings. Sounds like you are just tossing things out just to back your position. At the same time you haven't even researched anything.
 
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And you know this how? You have no idea how their sales team does, and if they are inept, or if there were cutbacks or whatnot. So you have NO CLUE... kthx



I said that they did not leave money on the table that was EASILY obtained. I know that because many many colleges and businesses are struggling. The numbers don't lie. Most people are struggling to maintain, thats not a myth.

Check how many schools have cut classes, cut staff, charge higher tuition. Sports being cut is one thing, many schools can't even operate their normal educational curriculum. Most universities' endowments have been way down. Donations slow almost to a halt.

Whether the Maloofs are good businessmen is one thing. To think there is easy money out there is ridiculous.
 
Which programs are getting cut? Do the research yourself and then come back and tell us your findings. Sounds like you are just tossing things out just to back your position. At the same time you haven't even researched anything.

You need to go search UCB sports being cut yourself. Though some of them have been saved later on, the whole point is even schools are struggling to get sponsorship, unlike what MDM said of it being easy. If it was easy, they wouldn't have been such a shortage that they had to be put on the line to be cut. Its not easy to get money. If you don't know that then you need to read the news more often.
 
I said that they did not leave money on the table that was EASILY obtained. I know that because many many colleges and businesses are struggling. The numbers don't lie. Most people are struggling to maintain, thats not a myth.

Check how many schools have cut classes, cut staff, charge higher tuition. Sports being cut is one thing, many schools can't even operate their normal educational curriculum. Most universities' endowments have been way down. Donations slow almost to a halt.

Whether the Maloofs are good businessmen is one thing. To think there is easy money out there is ridiculous.

So basically, you are saying - I'm not going to dispute they could be bad businesss people, but based upon the fund raising at a few colleges that I'm aware of, I'm saying that - even if they are bad business people - they didn't leave money that could have been EASILY obtained on the table. I feel much better about our owners ... thanks.
 
I'm thinking that Davis wrestling and Cal gynastics and the Kings sponsors might be a little like comparing apples to oranges. Or anything and oranges ... except oranges.

I could be wrong. Maybe the number of local schools that cut JV sports ties directly to Kings wins. You do the research. No, you. No, you! No, you!!!!
 
No one brought up "ease." Not me. Not even the OP. But the money is there and was there.


You did not use that exact word. But you did present a scenario where it only works in a fantasy world in today's economy.

You stated that others can get sponsorships even where "there are no emergencies to contribute". Well, even for the sports programs at CAL that were saved, what was the reason that some sponsors came to the rescue? Having the sports department announce the list of sports that will be cut is an emergency. There is no arguing that. And they got money to save some of them because it was an emergency.

Relating back to the topic, the Maloofs cannot go to the community and businesses and threaten that they will move unless they give them money to create that emergency state. KJ has that luxury because now the Maloofs want to move. But to say that they didn't do their job or are frauds because they simply didn't get sponsorships that could have been had otherwise is ridiculous. Both KJ and CAL being able to get sponsorships are due to emergencies, a luxury the Maloofs didn't have in their normal marketing.
 
So basically, you are saying - I'm not going to dispute they could be bad businesss people, but based upon the fund raising at a few colleges that I'm aware of, I'm saying that - even if they are bad business people - they didn't leave money that could have been EASILY obtained on the table. I feel much better about our owners ... thanks.


I did not say they are bad business people or not. I'm saying thats something else to discuss and you can think that they are. Thats just not what I'm discussing here.
 
I'm thinking that Davis wrestling and Cal gynastics and the Kings sponsors might be a little like comparing apples to oranges. Or anything and oranges ... except oranges.

I could be wrong. Maybe the number of local schools that cut JV sports ties directly to Kings wins. You do the research. No, you. No, you! No, you!!!!


Read the entire thread. I talked about the college troubles because MDM stated that the Maloofs messed up because colleges are able to get sponsorships easier and without a state of emergency. I said that is not the case.
 
So this wasn't caused by their bad marketing? It was the impact of the bad ecconomy on their bad marketing - to some extent ... but as to an undefined amount.

Can we all just agree they aren't frauds, they don't appear to be great at business, and your point has something to do with them not being frauds? I think we can stop there.
 
You need to go search UCB sports being cut yourself. Though some of them have been saved later on, the whole point is even schools are struggling to get sponsorship, unlike what MDM said of it being easy. If it was easy, they wouldn't have been such a shortage that they had to be put on the line to be cut. Its not easy to get money. If you don't know that then you need to read the news more often.

Totally 2 different things. One is a donation. The other is advertising and sponsorship where they are getting tickets for their money. They are trying to increase their own revenues by using the Kings. The reason Thunder Valley upped their dollars is because Kings players and visitors go there to gamble. Cache Creek advertises for both the Kings and Warriors.
 
Lol. How much did the brothers Magoof pay you to stick up for them? Obviously it does dignify a response. The most unintelligent form of argument besides strawman and ad-hominem is to say that something "doesn't dignify a response" when it's a relatively legitimate thought.

Speak a language we can all understand unless you care not to communicate. I'll bet the majority of people in this area liked the Maloofs until 2 months ago.
 
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