In July of 2010 Joe Lacobminority partner of the Boston Celtics, e Peter Guberpresident of the company Mandalay Entertainment, a group engaged in the multimedia market (cinema, television … and linked to the world of sports, especially baseball) had bought the Gloden State Warriors for a figure, considered insane, of 450 million dollars.
To win the Bay Area franchise, they had torn up the $ 315 million offer made by the all-powerful Larry Ellison, president of Oracle and sixth richest man in the world. A very daring operation, as had been said at the time, which turned out to be far-sighted.
In recent days Lacob has been criticized because the forecasts of NBA analysts on the cost of the salary plan explain that, with the maxi contract of Jordan Poole on the way, the cost of the roster will rise to the astronomical figure of 506 million, of which 300 of luxury tax . And the first critics are the other owners (name by which the owners of the NBA franchises are indicated).
What must be considered is the growth of Golden State from 2010 to the present. In 12 years it has been simply stratospheric both from a sporting and financial point of view.
A great job that the team of Joe Lacob and Peter Guber did behind the scenes, supporting him with front row names such as Steve Kerr, Stephen Curry, Klay Thompson, Draymond Green and Andre Iguodala all with four champion rings each thanks to four NBA championships won (2015, 2017, 2018 and 2022).
Those successes have been reflected in the value of the brand, which has grown almost exponentially on this path of success. The Warriors increased their net worth over this period from the 450 million paid in 2010 to 5.6 billion today. Folly? Lucidity.