New purchase values Golden State Warriors at $800 million

[Sportsguy9695]

If industry insiders laughed at the $450 million Joe Lacob and Peter Guber paid for the Golden State Warriors in November 2010, one has to wonder what they would think now.

Less than three years after the two agreed to pay the highest price ever for an NBA franchise, the team is now valued at $800 million, according to a source with knowledge of the terms.

The new valuation comes from the price Silicon Valley venture capitalist Mark Stevens agreed to pay for a share of the team that was made available when former partner Vivek Ranadive had to sell to buy the Sacramento Kings in May.

Source: ESPN

 

[NBKLee]

If you're Cohan, how pissed are you at this point?


Sell to LaGruber for $450 mil, only to have them turn it around and raise up the 'chise to 800+?

 

[CohanHater]

If you're Cohan, how pissed are you at this point?


Sell to LaGruber for $450 mil, only to have them turn it around and raise up the 'chise to 800+?

This makes me even happier, I didn't consider Cohan's side of it. Thanks for pointing it out

 

[CitySushi]

This makes me even happier, I didn't consider Cohan's side of it. Thanks for pointing it out

Unfortunately, he's probably somewhere still doing this:

 

[koblix]

any link to this? 800M for GSW? 49'ers will be a billion then.

 

[NBKLee]

any link to this? 800M for GSW? 49'ers will be a billion then.

If its on the Internet, it has to be true right?