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Skateboarding News

Sunday, April 17, 2011

Maloof: the richest event in Skateboard

The Maloof Money Cup is back to being the richest event in Skateboard.

The Maloof Money Cup is back to being the richest event in skateboarding, with a new stop in Washington, D.C., and a potential total prize purse of more than $2 million for the four contests.

The street skateboarding contest in Washington will be held Labor Day weekend. It will follow a stop in New York in June and precede the first international Maloof Money Cup in Kimberley, South Africa. The tour will return to Orange County, Calif., in the fall.

The previous $100,000 prize for the street winner at each stop is expected to be substantially increased. If a skater wins all four contests, he'll get a $1 million bonus.

Chris Cole won three straight Maloof street competitions and $300,000, but he's signed to the rival Street League.

Even if a bonus isn't paid, the Maloof purse is expected to top the $1.6 million purse recently announced by the Street League.

The Maloof Money Cup was founded by Joe and Gavin Maloof, the brothers who own the NBA's Sacramento Kings. They are considering moving the team to Anaheim.

The New York and Washington contests feature street competition only. The South Africa and Orange County contests include street and vert, with the vert winners earning $75,000.

"When we started the Maloof Money Cup, we set out to raise the bar for contest prize purses, and we did that with the largest purse ever seen in skateboarding," Joe Maloof said in a statement. "Since that first event, we've been gratified to see other contests follow suit and raise their purses. We will continue to raise the bar for skateboarding prize money as we bring the Maloof Money Cup to cities around the country and the world."

The Maloofs haven't announced where they'll build the street course in Washington, or the list of skaters expected to compete.

"The skating population has grown tremendously in Washington, D.C., and right now it lacks the number of skate parks needed to support this growth," Maloof said. "Our intent is to build a skate park for the community like we did in New York City. We've been in talks with a number of cities to host the Maloof Money Cup and figured what better place to expand in 2011 than our nation's capital."

The first stop will be June 4-5 in New York at the skate park that was built last year in Flushing Meadows Park in Queens.

The South Africa contest will be Sept. 30-Oct. 2. The final U.S. stop will be in Orange County on a new Vans skate park proposed for Huntington Beach.


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posted by Xavier Lannes @ Sunday, April 17, 2011 


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