Warriors Sold for Record Sum

by Charlie on July 22, 2010

A group headed by Mandalay Entertainment’s Peter Guber and financier Joe Lacob will buy the Golden State Warriors for a record-setting $450 million, CNBC’s Darren Rovell is reporting.

The previous high was the $401 million Robert Sarver paid to acquire the Phoenix Suns in 2004. The New Jersey Nets sold to Mikhail Prokhorov for just $200 million — but the sale was just part of a much-wider deal that put millions of Prokhorov’s money into the financing of the Nets’ new arena in Brooklyn.

Read Full Post

Related Posts

Leave a Comment

Previous post:

Next post:

Web Analytics