Golden State Warriors sold for $450m 16/07/2010 |
|
| |
| |
Joe Lacob and Peter Guber have bought National Basketball Association team the Golden State Warriors for $450m, outbidding Larry Ellison, the billionaire chief executive of Oracle.
Lacob, a managing partner at San Francisco venture capital firm Kleiner Perkins Caufield & Byers, and Guber, chairman of Mandalay Entertainment Group, bought the team from Christopher Cohan.
“I’m incredibly excited to have the opportunity to be the next steward of this storied NBA franchise,” Lacob said. “This is my dream come true. Peter and I intend to do what we do best – innovating and building.”
The Warriors cost Cohan $119m in January 1995. He sold 20 per cent of the team to a group of local investors in July 2004.
Lacob is also an investor in the Boston Celtics but must sell his share in that team after buying the Warriors.
|
| Back |
| |
| |
|
|
 |
Advertisement
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
