Friday, April 12, 2013

The Maloofs: How to destroy a franchise and get filthy rich

For all we know, the Maloof family might be sweetest, most kind group of folks in the world.

For all we know, the Maloof family might be the most greedy, despicable bunch of dillettants since the Kardashians.

But for the people of Sacramento, all we can see right now is an ending that rewards the family with untold riches after it dismantled a franchise and left a legacy of ill will.

The Kings have been operated on yarn and chewing gum for way too long.   For the past three years, the Maloofs have flirted like drunk tramps with virtually every city in America.  The deals came and went and their secret maneuvers poked like a sharp stick at the psyche of Kings fans.

Now, with murmurs of a bidding war between Sacramento and Seattle, the Maloofs stand to walk away from this deal with more than $400 million in their pockets.  That's enough to start another skateboarding vodka company with plenty left over to fund the bachelor brothers and their antics for years to come.

It just doesn't seem fair.

Unfortunately, it's capitalism at its most raw and unvarnished.

If you like Bain Capital and its strip mining of American companies, you're gonna love this very unhappy ending.

Even if Sacramento wrenches the Kings back from the precipice, the Maloofs still win.

And they win big.

The Maloof family legacy is going to be hard to forget.

Best to start trying right now.

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