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Report: Warriors Valued at $800 Million
Posted By HOOPSWORLD On August 17, 2013 @ 5:59 am In Headlines,NBA Headlines | No Comments
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 it to buy the Sacramento Kings in May.
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