Warriors peddled for record $450 million
OAKLAND, Calif. — Golden State Warriors owner Chris Cohan reached an agreement to sell the franchise for a record $450 million to Boston Celtics minority partner Joe Lacob and Mandalay Entertainment CEO Peter Guber.
Lacob and Guber beat out three other finalists, including Oracle CEO Larry Ellison, who had been considered the favorite. Ellison has a personal fortune of $28 billion, according to Forbes magazine, and is the sixth-richest man in the world.
The previous largest sale in league history was the $401 million Robert Sarver paid to buy the Phoenix Suns in 2004.