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Home > Company Index > Leisure > Professional Sports Teams & Organizations > Sacramento Kings

Sacramento Kings
 NEWS FROM THE STANDARD
Expensive Toys for Very Rich Boys
Apr 24 2000 12:00 AM PDT

 PROFILE
Founded in 1945 as the Rochester (New York) Royals, the Sacramento Kings basketball team has been royally frustrated for most of its history. Les Harrison founded the Royals and coached the team to an NBA title in 1951 by beating the New York Knicks in seven games. Afterward, the club became a bit of a vagabond and was known variously as the Cincinnati Royals, the Kansas City-Omaha Kings, and the Kansas City Kings. Then Gregg Lukenbill bought the team and moved it to Sacramento, California, in 1985. Brothers Joe and Gavin Maloof bought the team in 1998 through their Maloof Sports and Entertainment, which also owns the WNBA Monarchs and the teams' ARCO Arena, as well as the Palms Casino Hotel in Las Vegas.

 COMPETITION
California Sports, Inc. (dossier)
Phoenix Suns (dossier)
Portland Trail Blazers (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: June
2000 Sales (mil.): 71.30
1-Yr. Sales Growth: 107.9%
Employees: 80
Revenue per employee: $891,250.00

 KEY PEOPLE
• John Thomas
    CEO
• John Reinhart
    CFO

 CONTACT INFO
1 Sports Pkwy.
Sacramento, CA 95834
US
Phone: 916-928-0000
Fax: 916-928-6912
Online: Web Site

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