Press J to jump to the feed. Johnson has garnered support from local developer David Taylor to Sleep Train Executive Dale Carlsen, both of whom are interested in being a part of a local business group to submit an offer to purchase the Kings and keep them in Sacramento. was excellent. Fans have had their backs against the proverbial wall, as they are constantly faced with the question of whether or not they can support a team which in turn finances the Maloofs and their attempts to sell the team. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Marketing materials provided by Infinity Marketing Services. The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. It's like they don't even pay attention to other sports. The lawsuit dragged on for a decade, to be settled finally when the aunts were bought out, just as the Maloofs were contemplating a casino. The entire city of Sacramento despises them. This was Maloof magic at work. Any good stories about people working for them? George, 39, operates the Palms, and another brother, Phil, 36, is about to take over a new Maloof music venture with Interscope Records. 100% reliable, safe & secure. ''I like anything, as long as there's a team,'' Joe said. Luckily, our mayor is none other than NBA great Kevin Johnson. '', Joe remembers it vividly. BOSS submitted applications and paid application fees to be considered for the Inc. 5000 Fastest Growing Companies and Best of Utah State for Retirement Planning awards. In recent weeks, the Sacramento Kings future has been left in the hands of businessmen who have slowly squandered what used to be a family fortune. No investment strategy can guarantee a profit or protect against loss in periods of declining values. ''Here's someone I want you to meet,'' Joe said to me, standing next to one of the men. A few years later, they bought back in with the Kings. U.S. Magistrate Judge Dustin Pead accepted the guilty pleas to the two charges and set sentencing for May 23, 2018, before U.S. District Judge Tena Campbell. Its terrible what happened to them. Little hope was found last week when Sacramento mayor Kevin Johnson was granted permission to seek an audience with the NBAs board of governors, consisting of the leagues 30 team owners. You should seek advice on legal and tax questions from an independent attorney or tax advisor. Yeah, there is something fishy about this, definitely. ''This is Sam, the guy who gave Britney away. I lived in Vegas a couple of years and the only pro sports team that would work there is basketball. When dinner had been cleared, I went by the Maloofs' table, which was surrounded by a swarm of people. ''I saw that happen. The Maloofs have squandered most of their family fortune over the last decade, as almost all of the familys major investments have failed or simply fallen apart in the last two years. Even though the Maloofs have been major part of eight successful winning seasons, they havent been able to capitalize on the organizations success. It's also more than the Maloof family spent on the entire Fiesta Hotel in '94, when they reportedly bought it for $8 million before investing in The Palms casino resort. The Maloof family's NBA record-breaking sale of the Sacramento Kings for $534 million is a done deal. Access the best of Getty Images with our simple subscription plan. Investment advisory services offered by duly registered individuals through B.O.S.S. Attention to detail and thoughtful consulting provide us with confidence. They state that they should not have to pay predevelopment costs because no other team has had to. (They nearly purchased the N.H.L. Free Casino Games Help Them Stand Out. None was older than 26. Odds & lines subject to change. Basically the Maloofs were hit bad by the recession and they were poor businessmen and because of that the team was almost relocated to Anaheim. While a chef fixed hamburgers in the kitchen, Joe and Gavin sank deep into a big couch, idly watching N.B.A. On November 20, 2009, the Maloof brothers - owners of the Monarchs - folded the team. The Maloofs are total loser douchebags and i'd feel so sorry for whatever city gets them as owners. The Maloofs also improved the lighting and sound, to elevate the games from mere athletic contests into a show. Our nations veterans are the ultimate victims when individuals scheme to fraudulently obtain access to federal contracting opportunities set-aside for deserving small businesses owned and operated by service-disabled veterans, said Special Agent in Charge Kari A. Overson, U.S. Small Business Administration, Office of Inspector General. If you read nothing else, please read this below. They kept score their own way -- by spying on the beer vendors and counting how many people bought Coors over Schlitz. We learned things that have helped us retire with no worries. You might hate the Kings and think they are losers. With double-lined 2.1mm solid fibreboard construction, you can count on the superior quality and lifespan of all our DURABOX products. George J. Maloof Jr. invested over $265 million of the families fortune in the Palms Casino in 2001. A Sacramento investors group has reached a deal with the Maloof family to buy the Kings for an NBA record valuation of $535 million, a source has told The Sacramento Bee. Watch this signoff of our commentators last year during the final Kings game, when we thought the Kings were relocating Watch this signoff from our commentators last year when they thought it was the last game they were going to call for Sacramento. To put it bluntly, the Maloofs have sabotaged all of our efforts to keep our team in Sacramento. According to the Felony Information, Raass owned and operated a construction company called Raass Brothers, Inc. During its existence, the company provided general construction for the federal government on construction contracts. Knowing his father would have gone nuclear, Gavin arranged to have 20 minibars installed throughout the arena. DURABOX products are designed and manufactured to stand the test of time. While Joe was talking to Pat Croce, a former president of the Philadelphia 76ers, his face was locked in a perma-grin as Croce told him about the pirate museum he was opening in Florida. Even with the potential of the Kings and the NBA leaving Sacramento hanging in the balance, one thing is certain: the NBA must part ways with the Maloof family. To help you view your retirement strategy from every angle, weve created the B.O.S.S. 12 Counties Account for a Third of U.S. All we want to do is keep our team. On multiple occasions, according to the Felony Information, the defendant certified RWT as meeting the requirements of the contracts, when he knew the business did not meet those requirements. For many, the evening was no doubt going to end with them sitting alone at a $5 minimum blackjack table, trying to ease the pace of their losses. Nobody waits for a beer now. Rookie Thomas Robinson has been slowly seeing increased playing time, and with every time he touches the floor, fans see his improvement and massive potential. Joe, on the other hand, volleyed about the arena with a worried expression, as if concerned that somebody might not have something he or she needed, and it would be his fault. The market was small, and after years of lousy play and ineffectual management, the fans had vanished. It is well known that the Maloofs have squandered their fortune. Albert Maloof Sr., a cousin of George J. Maloof, Sr., is best known for his distribution empire in the Southeastern United States. Gavin, dressed in a black Kings sweatshirt, lapped it up, cheering the running dogs and the dancing girls as if he were seeing it all for the first time. If you dont like basketball or sports, try to imagine your favorite thing being ripped away from you through no fault of your own. Shortly before the vote, Carl's Jr (Hardees) released a commercial starring the Maloofs highlighting their extravagance[1]. That's all you need to know, in my opinion. I will TL:DR at bottom. Suddenly, as the measures are about to go to the ballot, the Maloofs waiver on their support of it essentially killing any hope of it passing (it was slim to begin with). Phil Maloof tried the concoction at a trade convention and "immediately" decided to invest in it. What fans? All betting content is intended for an audience ages 21+. While attending hotel school at the University of Nevada, Las Vegas, he spent every night playing craps and learned an important lesson: If you gamble regularly, you are guaranteed to lose. ''People love these,'' he said. What the Maloofs did not do was meddle with the player management. As a part of his plea agreement, Raass admitted that in August 2013 he devised a scheme to obtain a construction contract set aside for Service-Disabled Veteran-Owned Businesses. ''We don't try to outsmart anyone,'' Joe said. It was a big hit, apparently. Gavin and Joe Maloof are so confident Floyd Mayweather Jr. will beat Conor McGregor that they bet $880,000 on it. In 18 years as the Kings General Manager, Petrie has brought playoff basketball to the Kings franchise nine of the 18 years while at the helm. Salt Lake City, Utah 84111-2176, Salt Lake City: (801) 524-5682 Check Out These Budgeting Tips Wants vs. Fans are growing weary, and Sacramento is once again involved in an all to familiar love affair with its team. Secure .gov websites use HTTPS The B.O.S.S. DURABOX double lined solid fibreboard will protect your goods from dust, humidity and corrosion. WebAdrienne Maloof-Nassif, an American businesswoman, philanthropist, and television personality, estimated to have a net worth of $75 million, although her prenup back in 2013 suggested it protected her $300 million net worth. They lost their casino, the Palms, and they sold their beer distributorship. For two of his young children, then, it was the least they could do to keep an eye on sales at the ballpark. But Gavin Maloof, who operated the franchise with his brothers, is hoping to rake in $12 million more. But that wasn't enough. WebMaloof Brothers Financial Troubles In A Marriage : Visit Wild Casino . In one of the first games he attended, Gavin missed an entire quarter waiting in a beer line. And regretted it. and new-style instinct for what people want. 's model franchises. The aunts demanded that everything be liquidated. The two of them are well-respected basketball lifers who, in sharp contrast to their employers, abstain from any display of emotion. They seemed willing to pay any price for an N.B.A. George Maloof Jr. has never wavered, nor denied his efforts on trying to move the team since his early attempts to relocate to Las Vegas. We felt bad for colleagues working for the Kings. With the Maloofs refusal to discuss anything related to the teams future, things started to become clear. Here is another link to a comment by /u/jveezy about the shadiness of the Maloofs, and how they tried to strong arm the city of Sacramento. He'd go crazy if a customer wasn't taken care of. Organize, control, distribute and measure all of your digital content. WebMaloof Brothers Financial Troubles In A Marriage What A Top Slots Casino Offers You All the shortlisted online casinos here offer a great variety of slot machines for players to Why do you want to work so hard for someone else? Feb. 15, 2004. Why don't you just buy it? We dont want to be another Seattle. I don't know if he's r/nba's favorite person. Stanley Raass, age 44, of Lehi, Utah, was charged in a Felony Information filed Jan. 27, 2018. All Bay Area Sports news fromFanSided Daily, Harbaugh Will Not Improve His Behavior on the Sidelines, Huge Step Backwards For Beaten Giants Fan Brian Stow, Sacramento Kings Making Right Decision By Maintaining Patience With Karl, Matt Cain Has Cyst Removed From Pitching Arm, Sacramento Kings: The Nightmare Week That Was, Sacramento Kings: Possible Candidates To Move At Trade Deadline. The defendant controlled the daily operations of the business. They are also fire resistant and can withstand extreme temperatures. Joe and Gavin were in their early 20's then, and their father brought them in on everything, including league meetings. ''Gavin!'' When they were boys, Joe and Gavin Maloof used to attend the games of a minor league baseball team called the Albuquerque Dukes, but they didn't In May 2013, his brothers Joe and Gavin sold the Sacramento Kings for $535 million, the highest price ever for an NBA team. Pairing that with shitty owners is a recipe for disaster. Rogue wave hit the Maloof's yacht and everyone aboard confirmed dead, no survivors. Arena operator AEG came forward on January 15, 2013, stating that they still stand behind their pledge of $59 million towards a new arena project in Sacramento. TL;DR Owner Maloofs have sabotaged and betrayed our city and are going to relocate our only professional team. Foley and the Maloofs agreed to a partnership, and the Maloofs bought in for about 15 percent as minority investors in the Golden Knights. Smart move. The Knights have been wildly successful in their inaugural season, and on the eve of the Stanley Cup playoffs, the Maloofs have seen the city they love transform itself into a major league town. Opinions expressed by Forbes Contributors are their own. The Maloofs and the NBA threatened in the mid 2000s that if a new arena is not built, the franchise ran the risk of being relocated. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individuals situation. 5 Common Financial Problems that Small Businesses Face 1. they cried, splitting to either side of the banquette and then shimmying in toward him. He became successful with his Coors Beer distribution Company in New Mexico in 1937. The city was given an IMPOSSIBLE timeline to put together an arena plan. The only thing they have left is the Kings, a team that is a perennial loser due to not being able to bring in a superstar . It was Saturday night, and the place was mobbed, the atmosphere like a locker room after a championship game; you half-expected people to start pouring Champagne all over one another. While David Stern has played a major role in keeping the Kings in Sacramento, some have speculated that he has done all that he can to keep the team from relocating. The Las Vegas area has a very small market when you consider the actual population. On April 13, 2012 the NBA announced the sale of the Hornets to the owner of the New Orleans Saints, Tom Benson for $338 million. Please note that we are unable to accept any trade requests via email, voice message or text. Players didn't like it, either. They did not care where it was or even what sport. The tax would have also raised some money for schools and other needs the city had. Sacramento has since waged a seemingly endless battle to keep their beloved Kings franchise. The Maloofs backed up Petrie's smart moves by giving all the main players lucrative long-term contracts. At the very center of it, of course, were the Maloof brothers themselves, all four of them, seated at a banquette, illuminated by the klieg light of an MTV camera. This comes down to a simple idea: pay your debts first. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. Tourism is not going to sustain a team for 41 games per year for very long. Breaking into the industry is not easy, though. They also ordered up a new logo and devoted themselves to customer service. When they first purchased the team (around the time of the previous NBA lockout), the minority owners were convinced that the Maloofs were planning on moving the team. But as real estate agent and blogger Samantha DeBianchihas pointed out, with luxury properties "getting the 'best deal' doesnt necessarily play a big role in a buyers decision-making process." - Thomas Paine Most of the Maloof family fortune comes from the families patriarch George J. Maloof Sr. In a relatively poor state like New Mexico, being a beer distributor makes you a very important person, particularly if your brand has 50 percent market share, which Coors did in its heyday there. WebIn a game of slots, sometimes a casino will offer a player free credit, i.e. Petrie methodically built a contender from a hodgepodge of parts: a star with a questionable reputation (Chris Webber), an unknown European (the sharpshooter Peja Stojakovic), a flame-out (the electrifying sixth man Bobby Jackson) and a hoary veteran with more gas left in the tank than everybody thought (the center Vlade Divac). so far this season has improbably taken root under their care. Whether used in controlled storeroom environments or in busy industrial workshops, you can count on DURABOX to outlast the competition. But George had an idea: put the operation out in North Las Vegas and market it not to tourists but to locals. But you On November 20, 2009, the Maloof brothers - owners of the Monarchs - folded the team. In actuality, Raass controlled the managerial and daily business operations of RWT. As a subscriber, you have 10 gift articles to give each month. 2009 Another poorly designed arena plan fails and NBA Commissioner David Stern gives up assisting Sacramento. They would sell our draft picks and trade away our young talent for cash considerations. BREAKING NEWS: George and Gavin Maloof (The Maloof Brothers - Sac Kings & Palms Casino) have died after yacht suffers catastrophic damage. ''It's the worst decision they ever made,'' Joe said. This is a great write-up with a lot of sources. ", "Fraudsters like Raass who falsely claim set-aside status steal taxpayer dollars meant for service-disabled veteran-owned small businesses. Stern agrees with Johnson, giving Sacramento only ONE YEAR to put together and finalize a deal for a new arena. A couple of weeks ago, as the planning phase is getting underway, the Maloofs suddenly and inexplicably reverse direction and state that they dont feel the deal is fair to them. Terms at draftkings.com/sportsbook. Official websites use .gov And George Jr. was behind the casino. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. Sellout crowds made it impossible. The content on this site is for entertainment and educational purposes only. This was how the ''game presentation'' went: Vince Neil, the heavy-metal singer, murdered the national anthem, to the rapturous delight of the crowd. The Maloof brothers first attempted to raise taxes in Sacramento through a quarter-cent sales tax increase that would have provided for a new arena by means of the taxpayers of Sacramento. When the Maloofs and the management let go of Rick Adelman, they never realized how difficult it would be to replace such a clearly talented head coach. Showing Editorial results for maloof brothers. IRS Criminal Investigation is proud to assist its other law enforcement partners with our unique skills in following the money.". Gavin and Joe Maloof are so confident Floyd Mayweather Jr. will beat Conor McGregor that they bet $880,000 on it. ''Nobody did. executive whose destiny was to become commissioner in 1984, a post he still holds, remembers the young Maloofs as ''wide-eyed and respectful and good listeners.'' With all the hubbub about the potential of an NHL team being created in Las Vegas, I feel that there is an important detail that has been flying under the radar that I hope to call some attention to with this post. He falsely certified under oath that the firm that would perform the work on the contract met the requirements of the status-based classification, when in fact, he knew it did not. And then there was a brilliant draft-day deal in 2001 that brought the point guard Mike Bibby. In the early to mid 2000's, it seemed it was the place to be. Please, reddit, help us spread this information about the Maloofs shady tactics, youre our last chance. At the Palms, MTV was set up at the in-house steak restaurant. If nothing else, the Maloof brothers have devoted their lives to making up for their father's missed opportunity. On the ground in Las Vegas, bellmen in green Palms jackets met the plane with a pair of Cadillac Escalades. From there, the family built an empire in real estate, sports and entertainment. He had to hurry home to take over the business after his father suffered a heart attack. ''The Real World'' was a soft-porn infomercial for the Palms. How much more can be asked of the often quiet Petrie? The defendant listed his father-in-law as the president and 51 percent owner. ) or https:// means youve safely connected to the .gov website. ''I wanted them back in the league, but they would sometimes get involved in situations that were not right for them,'' Stern said. WebMaloof Brothers Financial Troubles In A Marriage, What Was The Name Of The First Casino In Atlantic City, Diy Small Craps Table, How To Win At Roulette Casino, Torneo Poker Punta Del Este 2018, Ltd Ed Elitist 1965 Casino Vintage Outfit, Makeup Gambling The Palms opened two months after Sept. 11, 2001, when the Vegas strip was one of the loneliest places on earth. Build your customFanSided Daily email newsletter with news and analysis onAll Bay Area Sports and all your favorite sports teams, TV shows, and more. From the recounting by /u/jveezy, which I agree is awesome. At B.O.S.S. Gavin, meanwhile, was alone in the banquette, a bit dazed and staring blankly into space. Needs A need is a necessity, such as housing or food. And if you cant find a DURABOX size or configuration that meets your requirements, we can order a custom designed model to suit your specific needs. Search B.O.S.S. Phil Maloof is the fourth and youngest brother of a family of considerable wealth. They wanted to leave so bad that they sabotaged the plan that was put in place to help them stay. For more information, please read our Legal Disclaimer. (''I would love to see Geoff clap at a game, just once,'' Joe said.) Between Sept. 19, 2009 and Aug. 26, 2013, Raass, through RWT, obtained 11 contracts set aside for service-disabled veteran-owned small businesses totaling $16,517,912 in payments from the government. The tax would have cost $1.2 billion over the course of 15 years, and allowed for the Maloofs to own the majority rights of the new arena. George Maloof Sr. was the son of Lebanese immigrants who ran a general store there, a place that supplied local ranchers with the necessities of life. These were, after all, customers, and they needed personal attention. Have a question about Government Services? Its done wonders for our storerooms., The sales staff were excellent and the delivery prompt- It was a pleasure doing business with KrossTech., Thank-you for your prompt and efficient service, it was greatly appreciated and will give me confidence in purchasing a product from your company again., TO RECEIVE EXCLUSIVE DEALS AND ANNOUNCEMENTS. Jason Thompson has had his most productive and efficient season since being drafted. Disappearing walls create a seamless flow between the outdoor and indoor entertaining spaces. The Kings have had only one other playoff run in the Sacramento era in 1996, before the Maloofs had any involvement with the organization. Such spectacles are common throughout the league, but nowhere are they are as rigorously programmed as this. Its hard to explain everything that has happened to someone who does not have knowledge, but Im trying. https://www.nytimes.com/2004/02/15/magazine/the-flying-maloof-brothers.html. Bill Simmons had a fantastic article about the Maloofs regarding the controversy about the Sacramento Kings (NBA team that almost relocated). 250% deposit match up to ,000. Share sensitive information only on official, secure websites. Maloof brother seeks $15 million for this flashy Las Vegas penthouse By By Jack Flemming Los Angeles Times February 13, 2019 8:45 AM Phil Maloof is hoping to ''It's not like you want to work when you're 10, 12 years old and everybody's out playing.''. Showing Editorial results for maloof brothers. According to the Felony Information, the veteran was physically incapable of managing RWT. WebThe Maloofs, who own the Sacramento Kings, have lost majority control of the Palms Casino and Hotel in Las Vegas amid rampant reports of the family's financial demise. None of the boys have ever married, and they lead lives that readers of any lad magazine must dream about -- an everyday mardi gras of cleavage, fast cars and front-row seats. BOSS received the Inc. 5000 award in 2016, 2017, 2018, and 2019. Obsessed with getting back into pro sports, Gavin spent two frustrating years in Birmingham, Ala., operating a World League of American Football franchise. The Sacramento Kings have not had a winning season since 2006, and had consistently operated with one of the league's lowest payrolls until recently. Even when you factor in for tourism, I don't see where the city will support an NHL team. Thank you so much. Our team of professionals can help you create a well-thought-out strategy, using a variety of investments and insurance products and services, to help you address your financial needs and concerns. Maloofs Now Own Just 2 Percent Of Palms And No Longer Run Resort, Putting Kings' Finances InQuestion, Maloofs Now Own Just 2 Percent Of Palms, Putting Kings' Finances In Question, Sacramento Kings' Maloof Family Loses Majority Control Of Palms Casino. 2006 The city launches Measures Q and R to raise sales tax to build a new arena for the Kings, the Maloofs will reap 100% of all profits in the new arena, NBA games or otherwise. Port Washington Times. Only in recent years, in the wake of the constant relocation drama, has Kings attendance suffered. Among his biggest financial problems appeared to be a $3.9 million lawsuit judgment from 2010 now $4.2 million with interest won by a group of New York Today, Stern says the deal is dead because the Maloofs refuse to cooperate, even though they agreed to everything last month. We need help to spread awareness that the city did our part. Lisa Falcone, an MTV producer, explained the show to me: ''The idea is 'The Love Boat,''' she said, ''and the Palms is the ship.''. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product. Free Interracial Dat Ing Sites Asian Dat Ing Site Meet Black Women Best Dat Ing Apps Nyc Dat Ing Site Reviews Dat Ing Websites Free Membership Top Dat Ing Sites 2021 Do you have an article or something? Links: en.wikipedia.org, hauteliving.com. Eligibility requirements include qualification as a small business, more than 50 percent owned by a service-disabled veteran, and daily operations of the business must be managed and controlled by the service-disabled veteran. Spartacus Gladiator of Rome. Play for free 1. Even back then, they had the same glazed, happy-to-be-there look.) The Kings enjoyed eight years of winning basketball after struggling to even make a blip on the national radar. Retirement Solutions on Google to see all our reviews. Petrie started this season at .500 for his overall record of his Kings teams making it to the playoffs. However, I know the collective power of the internet is unbelievable and hopefully someone who is smarter than I can help us. The Illinois Daily Herald reported that Rep. Joe Walsh, R-Illinois, faced a foreclosure on his condominium in 2009 as well as financial setbacks from past-due child The Getty Images design is a trademark of Getty Images. We see stairs and think, 'Let's put an escalator in there.''' The Sacramento Kings set an NBA record for most consecutive sellout games, and then broke their own record. "The resolution of this case shows that those who fraudulently claim affiliation with service-disabled veterans, for their personal gain, undermine the program, and will be pursued by the Defense Criminal Investigative Service and our partner agencies. Annuities are not FDIC insured. The Maloof's law firm, which also represented Chris Hansen, a potential Seattle buyer, was discovered to have secretly donated $80,000 to an anti-arena movement in Sacramento in an attempt to encourage a sale to Seattle. Dear Reddit, please dont downvote this if you don't care about the topic, just ignore it because we in Sacramento desperately, desperately, need your help. Popular culture The Maloofs, who own the Sacramento Kings, have lost majority control of the Palms Casino and Hotel in Las Vegas amid rampant reports of the family's financial demise. The next day started late. He has been quoted saying,Sacramento has always been particularly supportive (of the NBA).. Some could say that problems began when the Kings lost a fatal 2002 playoff series, while others say the Maloofs have squandered opportunities from the moment they arrived in Sacramento. Over the past nine years, the Maloof family has taken what used to be a Sacramento Kings team rated number four on ESPNs Ultimate Team Rankings, and watched as the team has plummeted to number 121 of 122 in 2012. The defendant never served in the United States military. Raass formed another company called RWT, LLC in 2009. He confirmed that their work was transformational. WebUtah State University is an affirmative action/equal opportunity institution. If you or someone you know has a gambling problem, call 1-800-GAMBLER. Homes - Celebrity - Business. WebMaloof Brothers Financial Troubles In A Marriage - 0. By 2000, the familys net worth was said to be over $1 billion. Thank you., Its been a pleasure dealing with Krosstech., We are really happy with the product. Retirement Blueprint I'm a Sacramento Kings fan. Boards are the best place to save images and video clips. WebThe Maloof brothers were some of the worst owners in NBA history, and every NHL fan should be wary of them buying an NHL team.