For the past year, the Warriors have been the most valuable franchise in the NBA since Forbes magazine estimates its value at $7 billion! This is around a billion more than the Knicks (6.1 billion) or the Lakers (5.9 billion), and it is a magnificent tumble for Joe Lacob who acquired the franchise for “only” 450 million dollars in 2010. Today Today, the Warriors are on the podium of the most valuable franchises in American sport, behind the Cowboys and the Yankees.
For those who have the means, and why not for sovereign wealth funds, the San Francisco Chronicle reports that minority shareholders would be ready to give up 10% of the capital. Which, roughly speaking, means that it will be necessary to pay 700 million dollars to acquire it. A sum which, according to Bloomberg, caused “ reluctance on the part of investors in the face of such a high figure”.
For its part, a Warriors spokesperson declined to comment on any rumors of a stock sale, explaining that franchise rules prohibit discussing such matters publicly.
2023-09-24 10:22:55
#Warriors #huge #valuation #chills #investors
