Sacramento Bee: Power Balance likely to bow out as Sacramento Kings arena sponsor

"Cash-starved Power Balance expects to be sold soon, and court papers say the likely buyer doesn't plan to maintain the marketing deal that turned the former Arco Arena into Power Balance Pavilion."

6 months ago SacTownMike 41 comments 0 recs |

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Awesome:

“It’s a fine young company and they’re on their way,” co-owner Joe Maloof said at the time.

"He forced it to go in the net, and that's a good thing." -Jerry Reynolds

"He's gonna get a big hug, and I'm gonna hang on for a while." -Duane Kuiper

by Juan Primo on Dec 6, 2011 1:01 AM PST reply actions 9 recs

lol does anyone believe anything a Maloof has to say??

Ninja King

by Ninja King on Dec 6, 2011 1:52 AM PST up reply actions

If by “on their way” joe meant circling the bottom of the bowl then he’s right.

Purveyor of Bull Plop

by SayWhat? on Dec 6, 2011 4:44 AM PST via mobile up reply actions 1 recs

What a shock.

The bracelets that give you better balance don’t actually give you better balance. Who knew bracelets wouldn’t be able to reverse the course of gravity and all evolution as we knew it?

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Dec 6, 2011 5:03 AM PST reply actions 1 recs

Their motto should have been "F#ck Physics"

"If you can’t make a profit, you should sell your team." - Michael Jordan (Owner, Charlotte Bobcats)

by otis29 on Dec 6, 2011 11:24 AM PST up reply actions 2 recs

Yeah. LOL

No mistakes in the tango, Donna. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

by pookeyguru on Dec 6, 2011 12:11 PM PST up reply actions

I still called it Arco...

I will continue to call it Arco until the new one gets built.

My old account was lars.ON but I change it to match my Twitter handle.

Follow me on Twitter

by kwlarson on Dec 6, 2011 6:34 AM PST reply actions

Burkle Bavilion!

by adamsite on Dec 6, 2011 6:49 AM PST reply actions 5 recs

I still contend the Malinda NEVER intended to have that name on the building. They thought they were GONE, and the contract allowed for some advertising inside the (other city)‘s arena once they moved. I’ll be glad when that name is gone.

by paleface on Dec 6, 2011 6:58 AM PST via mobile reply actions

Maloofs got spell check’d to Melinda.. Nice

by paleface on Dec 6, 2011 6:59 AM PST via mobile up reply actions 5 recs

Has a nice ring to it -

The Malindas.

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Dec 6, 2011 9:04 AM PST up reply actions 2 recs

The Flying Malindas

Hey, Joe, Gavin and George – go take a flying leap!

by betweentheeyes on Dec 6, 2011 12:59 PM PST up reply actions 4 recs

Someone please photoshop their faces into this! LMAO!!!!

Purveyor of Bull Plop

by SayWhat? on Dec 6, 2011 2:15 PM PST via mobile up reply actions

I'm pretty sure I have a trademark on

Malinda’s.

by Lotusprime on Dec 6, 2011 8:11 PM PST via mobile up reply actions

Good

Having the name of a company like that on the arena in my hometown was an embarrassment.

by TheRaven on Dec 6, 2011 7:06 AM PST reply actions 2 recs

Much Agreed

...Watching DeMarcus Cousins’ transformation from large human to immortal kill beast...

by Sacto_J on Dec 6, 2011 1:16 PM PST up reply actions

An idea...

How about calling it the “Sactown Royalty Palace”?

Right, everyone empty their pockets… I’ve got £1.37 and a shirt button…

by Rickyflip on Dec 6, 2011 7:07 AM PST reply actions 2 recs

So what is that?

1,500 U.S. dollars? Not off to a bad start

by HeuristicLineup on Dec 6, 2011 11:18 AM PST up reply actions 3 recs

No thread is complete without an exchange rate joke.

"If you're going to lead the orchestra, you have to turn your back on the audience." -Geoff Petrie

by AnotherStupidSN on Dec 6, 2011 11:32 AM PST up reply actions 2 recs

Power balance is great but passed it's 15 minutes

Maybe we can get Snuggie, slap chop, or shake weight to sponsor now!

by Allbenji on Dec 6, 2011 8:54 AM PST via mobile reply actions

Gotta go with "Oxy Clean Arena"

think of all the in game product placements -

Whiteside’s “Cleaning Up” the glass tonight
The “Oxy Clean Stain Stopper of the Game”
etc

Where's my pie

by TheFifthMookie on Dec 6, 2011 8:59 AM PST up reply actions 1 recs

Haha nice!

by Allbenji on Dec 6, 2011 9:04 AM PST via mobile up reply actions

Shake Weight Arena

Support Ron Paul for President

by bignerd on Dec 6, 2011 10:27 AM PST up reply actions

The Malindas have had us fans "Doing the Shake Weight" for some time

This was one of the calmer gifs – and yes, sometimes I can’t help but be 12 years old.

by betweentheeyes on Dec 6, 2011 1:14 PM PST up reply actions

Wait... what is happening to me?

Why is this image making me think of highly inappropriate content? Why am I jonesing for a milkshake?

This.

by elfboy_ on Dec 6, 2011 7:29 PM PST up reply actions

So, to review

The Maloofs, at one time, had a rather immense fortune. They invested heavily in Wells Fargo just before the economy crashed and lost a lot of money. Also, they liked what they heard from a man named Bernie Madoff, and lost a great deal of money. When Arco wouldn’t renew their naming rights deal for the Kings’ arena, the Maloofs accepted an offer from an unproven company in the midst of a massive legal battle, which fell through when the company went bankrupt. If I ever meet a Maloof in person, I will refuse to shake their hand, lest I be infected with Suckeritis.

It’s no wonder they ended up dropping out of the casino business. The gamblers are supposed to be the ones foolishly pissing their money away, not the guys running the joint. These guys were billionaires running a business where people literally give you their money for nothing in return. It takes a special kind of person to blow it that bad when the odds are stacked in your favor.

Blow Pop Pavilion
Hoover House
Ruby Tuesday Arena

"If you're going to lead the orchestra, you have to turn your back on the audience." -Geoff Petrie

by AnotherStupidSN on Dec 6, 2011 9:34 AM PST reply actions 2 recs

Personally

When Arco wouldn’t renew their naming rights deal for the Kings’ arena, the Maloofs accepted an offer from an unproven company in the midst of a massive legal battle, which fell through when the company went bankrupt.

I think this part of the story says more about how insanely lucky Sacramento Kings fans are right now.

Words of wisdom from the great Billy Dee Williams

Oh so you disagree. Well then, here is a mature, sophisticated, and compelling rebuttal.

by wallywagon11 on Dec 6, 2011 10:10 AM PST up reply actions

You left out one significant part...

…the one in which they sold their beer distributorship in ABQ and used the proceeds to salvage/keep from bankruptcy seizure their casino resort and condo complex. Said casino resort and condo complex proceeded to bankruptcy anyway, leaving the Melindas with a 2% stake in the Palms and no beer distributorship to generate revenue.

The Maloofs aren’t just dumb, they are functionally stupid.

SJSU. Proud Mediocrity Since 1857.

by SierraSpartan on Dec 6, 2011 10:16 AM PST up reply actions 2 recs

Should point out at the very least (and yes your last sentence certaintly seems correct)

used the proceeds to salvage/keep from bankruptcy seizure their casino resort and condo complex.

They only used $30 million of the beer distriborship sale. Personally I think the dumbest move was the Fantasy and Palace Towers.

Words of wisdom from the great Billy Dee Williams

Oh so you disagree. Well then, here is a mature, sophisticated, and compelling rebuttal.

by wallywagon11 on Dec 6, 2011 11:11 AM PST up reply actions

That's certainly a good pick for "dumbest move"

but there are a lot quality horses in that race.

"If you're going to lead the orchestra, you have to turn your back on the audience." -Geoff Petrie

by AnotherStupidSN on Dec 6, 2011 11:37 AM PST up reply actions

Yeah I don't think any other decision comes close

that’s the one that set them down the rabbit hole more than anything.

Words of wisdom from the great Billy Dee Williams

Oh so you disagree. Well then, here is a mature, sophisticated, and compelling rebuttal.

by wallywagon11 on Dec 6, 2011 11:42 AM PST up reply actions

If I ever meet a Maloof in person, I will refuse to shake their hand, lest I be infected with Suckeritis.

If I ever meet a Maloof in person, I’m going to try to sell him my stash of magic beans.

"If you can’t make a profit, you should sell your team." - Michael Jordan (Owner, Charlotte Bobcats)

by otis29 on Dec 6, 2011 11:26 AM PST up reply actions 2 recs

"Otis' Magic Beans is a fine young company, and they're on their way."

"If you're going to lead the orchestra, you have to turn your back on the audience." -Geoff Petrie

by AnotherStupidSN on Dec 6, 2011 11:40 AM PST up reply actions 6 recs

Otis’ Magic Bean Arena. I like it. It has a certain ring to it.

Purveyor of Bull Plop

by SayWhat? on Dec 6, 2011 12:57 PM PST via mobile up reply actions 1 recs

If I ever meet a Maloof in person

I fully intend to showcase abuot 10 different ideas for them to invest in, only one of which will be a head scratcher. I can guess which one they’ll go after…
Say, has anyone heard the latest chart smashing single from that one artist from their music label?
Bwaaaahahahahahahahhahahahhaa…….

...Watching DeMarcus Cousins’ transformation from large human to immortal kill beast...

by Sacto_J on Dec 6, 2011 1:22 PM PST up reply actions