Law Firm connected to Maloofs paid money to fund arena ballot measure

Just when the drama for Sacramento Kings fans had started to lull, the movement for a new downtown arena just took a soap opera turn.

The Sacramento Bee reported today that a Southern California law firm who’d previously represented the Maloof family had donated money to the grassroots campaign that has been trying to force a vote on the subsidies set aside for the new Sacramento arena.

Per the Bee story, authored by Ryan Lillis, Tony Bizjak and Dale Kasler:

Loeb & Loeb, which represented the Maloofs when they tried to sell the Sacramento Kings to a group in Seattle, transferred the money to the signature-gathering firm via an Orange County political consultant, according to a statement issued today by a political consultant involved in the signature campaign.

Paul Olson, head of Olson Campaigns, a company that organizes grass roots political campaigns, said in a statement that his firm had been hired by Southern California-based Powers Communication and that he has “traced the wire transfer (for money funding the effort) to a Los Angeles law firm Loeb & Loeb.”

In the story George Maloof denied any involvement and claimed he knows nothing about Loeb & Loeb’s payment.

Whether the Maloofs truly knew about the funding or not, the fact that they’re still somehow linked to Sacramento’s arena efforts just months after apparently leaving the picture is just another wild turn in the ongoing saga.

Topics: Sacramento Kings

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  • Ryan Silva

    Here is a probable situation to explain why Loeb & Loeb is involved in the movement to force a vote on funding. If I was going to hire legal assistance in any matter related to the arena project, why not hire a firm that has already collected piles of info on the situation. There isn’t a firm more up to date on Sacramento and its financial situation. That being said, why they haven’t reported where the money has come from (which is required by law for any donation over $1,000) is a mystery. I’m a little out of my field on that point, but we still have no idea who the client is. It’s a good question to ask why the deep pocketed client was been hidden from the public.

    Remember, there are two areas that could be up for teams if expansion is considered, Las Vegas and Seattle. The NBA already stated very clearly that unless Sacramento can develop an arena by the 17-18 season, the team will be moved.

    I have a hard time believing the that Maloof’s would gain from sac not getting an arena. No way would the NBA give them another team. I would look north first.