The Golden State Warriors will have new team owners starting next season according to an article by Darren Rovell, Sports Business Reporter of CNBC.com. Joe Lacob and Peter Guber won the bidding of the Bay Area-located franchise (previously owned by Chris Cohan) to the tune of $450 million. The duo beat rival bidder Larry Ellison, CEO of Oracle, which is the main sponsor of the Oakland Coliseum, the Warriors homecourt. The new ownership will now await the approval of the NBA Board of Governors.
“Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment, have won the bid for the NBA's Golden State Warriors, a source close to the sale has told CNBC.
“The price for the team is $450 million, beating the previous NBA record—$401 million, which was the amount Robert Sarver paid for the Phoenix Suns in 2004.”
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