It has just been announced that Joseph Lacob, part owner of the Boston Celtics, has become the new owner of the Golden State Warriors. The deal was worth $450 million, the highest paid price ever for an NBA franchise.
It had previously been thought that Oracle CEO, Larry Ellison was the front runner in the bidding war, but after reaching $400 million, he refused to increase his offer. That's when Lacob, in partnership with Peter Guber of Mandalay Entertainment, swooped in with his $450 million offer.
No word on what will happen next with the franchise, but rumors have swirled that any new owner would be interested in moving the team to Las Vegas.
But, with the transition to a new owner, don't expect a relocation to happen anytime soon.
**You can reach the author of this post at gazzy@gacksports.com
- Category: Rumor Central
- Tags: golden state warriors, joseph lacob, las vegas
moving the team to Las Vegas will be a disaster for the bay area and to the current owner.....
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