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For sale: Golden State Warriors, slightly used


Want to buy a an NBA franchise, and you have about $315 million? Well, you're in luck. The Golden State Warriors are up for sale. Though you may have to wait in line, because Larry Ellison, CEO of Oracle, has been waiting for his chance at owning the team for a while.
Christopher Cohan, who owns an an 80% stake in the Warriors, ended months of speculation and officially put the team up for sale Monday. He's hired Galatioto Sports Partners to help facilitate the sale. Reports of a possible sale have been around since last July. Ellison has reportedly been wanting to buy the team (Oracle has the naming rights to the team's arena) but bemoaned in January that "unfortunately you can't have a hostile takeover of a basketball team." Now he might have his chance.
The Warriors, by the way, are described as "are a premier NBA franchise" in a press release put out by the team. If by "premier" you mean the last place team in the Pacific Division with a 19-50 record, that is. Well at least it makes you more "premier" than the New York Knicks, I guess.



(via SB Nation, USA Today, Yahoo! Sports)


Syndicated from Shirts With Random Triangles

Want to buy a an NBA franchise, and you have about $315 million? Well, you're in luck. The Golden State Warriors are up for sale. Though you may have to wait in line, because Larry Ellison, CEO of Oracle, has been waiting for his chance at owning the team for a while.
Christopher Cohan, who owns an an 80% stake in the Warriors, ended months of speculation and officially put the team up for sale Monday. He's hired Galatioto Sports Partners to help facilitate the sale. Reports of a possible sale have been around since last July. Ellison has reportedly been wanting to buy the team (Oracle has the naming rights to the team's arena) but bemoaned in January that "unfortunately you can't have a hostile takeover of a basketball team." Now he might have his chance.
The Warriors, by the way, are described as "are a premier NBA franchise" in a press release put out by the team. If by "premier" you mean the last place team in the Pacific Division with a 19-50 record, that is. Well at least it makes you more "premier" than the New York Knicks, I guess.



(via SB Nation, USA Today, Yahoo! Sports)



Posted originally: 2010-03-22 14:34:00
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