The Conor McGregor-Floyd Mayweather bout is circled on many people’s calendars. Las Vegas is having a field day taking bets in anticipation of the August 26th fight, but a certain large chunk of change is of some minute importance. The Maloof family is the mystery bettor for the McGregor-Mayweather fight, putting down $880,000 according to LVSportsBiz‘s Alan Snel. That is the largest recorded bet for the fight, which would net the Maloof family a nice $160,000 profit if Mayweather wins.
The Maloof family, who reside in Las Vegas, have a stake in several sports franchises. Currently they are minority stakeholders in the Vegas Golden Knights, an expansion hockey team that will debut this upcoming season. The Golden Knights play at T-Mobile arena, the same place where the McGregor-Mayweather fight will take place. They are also former owners of the NBA’s Sacramento Kings, but sold the team in May 2013 for $534 million. The team was valued at $535 million, a record at the time.
The Maloof family does not intend to take in the profit should Mayweather beat Conor McGregor. They are also owners of an anti-hangover product called “Never Too Hungover”, a high-powered drink. The Maloofs announced that the company will donate the winnings to a charity. “This is a fun and exciting way for Never Too Hungover to give back to the community,” said Joe Maloof. “What better way than to tie it to the biggest sporting event in history.” The charity of choice is expected to be chosen in the coming weeks.
The current owner of the Kings, Vivek Ranadive, has come under scrutiny for poor basketball decisions and instability in the front office. But one thing that cannot be knocked is his enthusiasm for some players, namely Buddy Hield.
