Rochester Royals Team Formation
NBA Finals Winners
The 1951 NBA Finals was the championship round of the 1951 NBA Playoffs, which concluded the National Basketball Association 1950 - 1951 season. Western Division champion Rochester faced Eastern Division champion New York in a best-of-seven series with Rochester having home-court advantage. Rochester won the first three games, two at home, but New York won the next three, two at home. It was the first BAA or NBA Finals spanning 1947 to 1951 that extended to a seventh-game conclusion, a 4-point win by Rochester at home on Saturday, April 21.
Move to Cincinnati
Kansas City-Omaha Move
Move to Sacramento
Maloofs Family Owners
The Maloofs had acquired a minority interest in the Kings in 1998 and took majority control the following year, with Joe and Gavin operating the franchise. As part of the purchase of the Kings, they also acquired the team's sister franchise in the WNBA, the Sacramento Monarchs. The Maloofs operated the Monarchs until 2009, when the WNBA was unable to find a new owner and the team folded. Prior to the sale of the team, a previous deal had been reached, selling the Kings to Microsoft CEO Steve Ballmer and investor Chris Hansen, who had hoped to move the team to Seattle. This sale was nullified on May 15, 2013, when the NBA Board of Governors denied the relocation in a vote of 22-8. The Maloof family also briefly owned the Houston Rockets from 1979 - 1982. The Rockets made the NBA Finals in 1981. The team was sold to Charlie Thomas in 1982.
On May 16, 2013, it was announced that the Ranadive lead ownership group came to an agreement with the Maloof family to purchase 65 percent of the Kings for approximately $348 million and will keep the Sacramento Kings in Sacramento. The NBA approved the sale on May 28, and the deal was expected to close shortly thereafter. On May 31, 2013, escrow was closed on the sale of the Kings to the Ranadive-led ownership group. The transaction valuation of $534 million set a new NBA record. From the start of his tenure as owner, Ranadive set about applying concepts of big data and social networking to strengthen the Kings' fanbase.
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NBA Championships: 1
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