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Warriors Sold … Not to Larry Ellison

Owner Chris Cohan had his price in mind – $450 million – and clearly wasn’t ready to walk away from the negotiating table until it was met.

Finally it was.

But by the group with Joseph Lacob, a minority owner for the Celtics, and Peter Guber of Mandalay Entertainment. Not by Oracle billionaire Larry Ellison.

So Warriors get one of their wishes in that Cohan finally sold the team. But their desire to have a charismatic baller as the owner extinguished when Ellison’s people pushed away from the table.

Marcus Thompson

  • Jeremy

    GOODBYE COHAN!

  • John Starks

    I hate Cohan with every fiber of my heart.

    This is bittersweet. While I’m glad he’s finally out, I wanted home-grown Larry Ellison at the wheel.

    We got some guys from…Boston? That’s almost sacrilege but I’ll take it.

    I hope Cohan goes to jail for tax evasion.

  • Ouch

    Wow. One last *uck you from Cohan.

  • Scott

    to john…he’s a stanford guy..owns a venture capital biz in menlo

  • A’s in 2010

    Tell me who the next GM will be, that’s what really matters. Hopefully it’s not somebody who carelessly throws away assets like Larry Riley.

  • David

    I wanted Ellison for his competitive side. But very glad to have Cohan out.

    Apparently Lacob does live in the Bay Area.

  • CohanEatsPoop

    Watch this new owner be just as bad. he’ll probably extend Riley and Nelson for the next decade. Trade Monta for a skinny power forward. Give Biedrins away for Milicic. F Basketball.

  • http://waterfrontcomics.com johnthecomicguy

    Bittersweet is the word. Ellison has proved himself to be an owner that would do anything to build a winner with the Americas cup. I am concerned that Warrior fans will get more of the same from the new ownership as had with Cohan. Anything has to be better than the Cohan / Rowell era.

  • http://www.thebayareasportsreport.tumblr.com MR_FJG_SON

    It is draft night dejavu all over again…Classic!Jeezuz

  • Doctor K

    Warrior fans deserved Larry Ellison, but I don’t blame Ellison for not giving into Cohan. That’s something Warrior fans have been unable to do for 16 years. I’m bummed, very bummed. I want this Lacob guy to give the god damn best speech of his life at the press conference.

  • GregC

    Cohan’s one last “up your’s” to Warriors fans. In my best Pete Franklin imitation

    “Your’s Warriors fans! Up Your’s!”

  • Q.

    Nooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!

  • Bobby Sura

    What worries me the most is this guy is also tied to Mandalay Bay Entertianments…I won’t be surprise one bit if this guy wants to move the team to Las Vegas…that would be the final insult. I hope this guy will go above and beyond because its what the franchise needs just to make it to the playoffs.

  • Richard

    Bummer. At least the new owner comes from a franchise of championship calibre. Hopefully he’ll bring some of that Celtics karma with him to the Warriors.

  • jrraider

    Udoh….Udoh…Udoh……are you sure it is not Ellison?

  • Mr Mully

    FU Cohan. I hope you go to jail for tax evasion and go crazy and die Al Capone style.

  • petaluman

    If this is true, maybe Ellison is not as committed to winning as we think? He didn’t have to be outbid.

    More likely, he’s not as committed to the NBA as we hoped. He’s been to 1 game, right?

    Hopefully, a soon-to-be-former owner of the Celtics can bring us some of their karma. Their franchise has had a bit more success over the years.

  • Let’s Get Free

    Why is anybody less than thrilled? Maybe Ellison would have been great, maybe not. Maybe Lacob will be great, maybe not. What we do know is that Cohan is gone – and even if he sold it to Homer Simpson, I’d still be thrilled.

    Everyone should be enjoying this moment.

  • SC Waves

    This is the worst outcome ever, way to stick it to the fans one last time Cohan and guarantee another 15 years of misery.

  • Ugh

    Cohan seems to love money more than he does himself. Heartless and vindictive. Warriors fans deserve so much more than this.

  • Mikey

    I definitely agree. Just happy Cohan is gone. And BTW, Lacob is homegrown…Ellison was born in New York and raised in Chicago, far from homegrown. I like the idea of Lacob, this seems like it is a dream-come-true for him, which means he will put his all into it.

  • Anthony

    50 million extra is alot of mulah people.. It’s tough to imagine any new owner being worse than Cohan, today is a good day for the Warriors.

  • a42

    There’s a difference between commitment to winning and making a bad deal. Ellison didn’t get to where he’s at by overpaying for everything just because he has the money. That’s not good business. There was little doubt that after getting the team he’d be committed to winning.

    But even if 450 seems a little high at least we know this Lacob guy really really wanted the team and was willing to go all out. Just hope the group has money left to care more about winning than avoiding the luxury tax.

    Not my first choice for owner, but hey, anyone’s better than Cohan right? Lacob gets benefit of the doubt until he screws something up. I’m hoping that doesn’t happen for a long time.

  • Jsteezy

    UNREAL!!!! Cohan is the greediest man alive!! These guys aren’t in it to win it!! These guys want to turn a profit!! At least Ellison wants to do one thing only and that’s WIN!! It’s amazing how even with Cohan out of the picture, he still F***s us!

  • http://jayshealthycoffee.com Jay

    Look yawl, there is absolutely no hope for the Dubs anyway. The evidence is all around you. When I see Cousins dominating in summerleague I don’t know about you, but I get that same losing feeling. With Udoh hurt, it just compounds the situation. Then you start thinkin that DORRELL WRIGHT IS THE STARTING SMALL FORWARD!!! Morrow will be lighting up 3’s for the Nets!! This draft had the best 2nd round in years. So what do the Dub’s do? they trade it away not once, but twice. By the time the Dubs get ready to win the 8th playoff spot in bout 3 years, Curry’s contract will be up and he’ll leave for a huge contract in Miami. Don’t laugh, I’m serious. Curry and LeBron are supa tight. Just go ahead and enjoy Curry cause when he becomes a free agent he is definitely leaving. His father Dale will advise him to. I would too…Curry is a great player and person. Why should he have to go thru this s#%&!!

    Find another team to root for!!

  • commish

    WTF. Do we ever catch a break!I am so disappointed it is hard to celebrate Cohan and his clown’s hopefully quick departure.

    I guess we have to wait to see what this new group does with current FO starting with Rowell and moving down.

  • robert rowell

    um probably because the franchise isn’t worth nearly half a BILLION dollars.

    i’m glad to see cohan gone, i hope he rots. there is nba experience in this group hopefully they have their heads on straight and are committed to winning. but we don’t know that, do we? i mean, because of all the great reporting (sarcasm) on this matter was 100% focused on Ellison.

  • jakc meyhoffer

    fu cohan you f’/;[;’; nerd!
    this half blows

  • manhattanproj

    now how will this affect the w’s? with ellison, at least you can count on his fortunes and his desire to win, as evidenced by his track record in the america’s cup. fans can be sure the w’s are in good hands. but now with this “unknown” to us, Lacob & Guber, ownership group winning out, what can you really expect? more of the same cohan-style? mark cuban/ellison type of winning desire? or somewhere in the middle? so is this a change for the sake of making a change? or will this actually change for the better? look forward to yours and kawakami scoop on this. without knowing anything more about lacob, this sort of is a letdown for the fans, at least me, that ellison isn’t the new owner. kinda like our draft this year, #6 pick in a 5-player draft.

  • mama4boys

    We Believe! Go Warriors!

    Welcome Lacob and Guber!

  • Mr. Sadman

    i can’t believe cohan walks away w/ what he wanted. overall, i’m happy, but feels like we just won the bronze medal when the gold was in our sights.

  • Q.

    I’m picturing Lil’ Bobby packing up his office right now. Probably has a picture of himself on his desk. Ahhhhh, yes, good day for W’s fans. Let’s hope this Lacob guy is a winner.

  • Vinny

    thought it was down to Mastrov and Ellison groups. Hear rumors of a move to Vegas…stay tuned.

  • ACC

    Maybe Ellison is really not destined to own the Warriors. If he really wanted to own the Warriors, he would have shown CC the money in day 1 and done deal. As much as what people say about how deep his pocket is and how he spends tons of money to get what he wants, it seems that he is a scrooge on this one eventhough CC is trying to squeeze every bit of juice out of him. Regardless of what CC wants, if Ellison really wanted to buy the team, skys the limit for him IMO.

    Let us hope that this new owner(s) is (are) willing to shell the dough in getting the best talent in the free agency and knowledgeable enough to hire competent GM’s, coach and staffs to replace what the W’s have right now. Here’s to a new regime and hope its a good one.

  • The Wisdom Cow

    22..I am glad Ellison did not let Cohan get the better of him. The team was only worth 400+ million if Ellison and the positive vibes that went with his competitive nature and deep pockets owned the team. Lacob got swindled. His Celtic experience means the Ws will flounder around hoping for an idiot to give them a star like KG. Otherwise, he will milk the turnip just as the Celtics did for the decade before KG.

    Like Ellison, I am bowing out, too. My hopes were high after so many years of crap. I am not going to settle for Lacob. I don’t care what he says he will do. If he produces a winner, perhaps I’ll become a bandwagon fan, though I doubt it.

    I am just done. The NBA is rarely fun, and has managed to not only lessen it’s own league overall, but has truly decimated college ball as well (which is the real tragedy, IMO). I so loved the RunTMC years, even knowing there was no chance for a title. That type of atmosphere is dead.

    There is a greater lack of competition in this sport than in baseball, which is ridiculous given just one player can make a huge difference. Of course, now the great players all go to the same team (wasn’t the real purpose of the salary cap to prevent that? rather than just prevent teams like the Ws from being able to sign a big free agent because of bad contracts?). Anyways . . .

    This cow has been on the grill too long. Stick a fork in me. I’m done.

  • ACC

    #13

    I will be more than content if its somewhere between the Cohan regime and Mark Cuban way of running the franchise…that would put the Warriors somewhere in the group of say Portland, Milwaukee, New Orleans, etc. at least W’s will be at least hovering in the .500 pct W-L column. Chances of entering the playoffs will be more or less 50% to 60%…so much better than 0%.

  • John Starks

    HOPE Lacob is a winner? We HOPED Cohan was a winner! We KNOW Ellsion is a winner! $50 says these Boston guys screw us. There is a chance that these guys want to move the team. Remember rumblings of Las Vegas????

    Ellison was our guy. He was local and understood the impact of the Warriors first hand. The more I think about it, the angrier I get that Cohan gave our team to some Boston guys so he could come up on a few more million bucks. He had ONE MORE chance to do right by the fans and stuck it to us again on his way out for his own personal gain.

    I’ve never been a xenophobe, but I’m not liking the foreign investment idea. It’s like being an Iraqi citizen; I damn sure don’t Sadaam running the show, but do I really want the NATO forces in here?

  • DKnight007

    Hahaha

    450 million for the Warriors??

    Sounds like Ellison wasn’t going to suckered either! LOL

    Lacob and Guber are suckers for buying the Warriors for that much money IMO.

    At least Cohan and Rowell are going to be gone….with Riley, Nellie and Bob Fitzerald cright behind them hopefully.

  • DKnight007

    Cohan is a greedy idiot! Ellison was local and he ends up selling to some outsider….

    Way to screw the fans again on your way out Cohan!

    Sheesh!

  • phil

    Step 1: Fire Robert Rowell. Cohan was just a quiet guy without enough money to play the game. Rowell was his financial enforcer and the team fell apart when he nixed the Baron Davis contract and over-ruled Chris Mullin. That made the entire FO disfunctional. He has to go FAST.

    After that they can take their time. I’m fairly happy with Riley’s moves so far, so let’s see what Nellie can do with the new team. Then they can tear it apart if it’s another under-achieving year and the new owners will have a year of observation under their belt.

    Lacob is a local guy and a basketball guy and he is reportedly the front man. So maybe we can just dump Robert Rowell and let Lacob find a real basketball guy who can decide what to do with Riley and Nellie.

  • DKnight007

    Jay Says:
    July 15th, 2010 at 10:57 am
    Look yawl, there is absolutely no hope for the Dubs anyway. The evidence is all around you. When I see Cousins dominating in summerleague I don’t know about you, but I get that same losing feeling. With Udoh hurt, it just compounds the situation. Then you start thinkin that DORRELL WRIGHT IS THE STARTING SMALL FORWARD!!! Morrow will be lighting up 3’s for the Nets!! This draft had the best 2nd round in years. So what do the Dub’s do? they trade it away not once, but twice. By the time the Dubs get ready to win the 8th playoff spot in bout 3 years, Curry’s contract will be up and he’ll leave for a huge contract in Miami. Don’t laugh, I’m serious. Curry and LeBron are supa tight. Just go ahead and enjoy Curry cause when he becomes a free agent he is definitely leaving. His father Dale will advise him to. I would too…Curry is a great player and person. Why should he have to go thru this s#%&!!

    Find another team to root for!!

    ^^^^^^^
    Yep

  • JTamad

    Cohan must have really hate the Warriors fan. Sold the Team to somebody else except Ellison (What the warriors fan) wants….

  • a42

    Before people go too crazy, Marcus has mentioned before (and in the CCTimes article) that Lacob has ties to the Bay. His entire educational history is in Cali and the VC firm he works at is based in Menlo Park. Supposed to be a pretty well known and respected VC firm in Silicon Valley too. The Celtics thing is Lacob’s biggest preexisting tie to the NBA, I don’t think he’s “A Boston Guy” given he went to UC Irvine then UCLA then Stanford. Boston was probably just his best chance to get a hand into the NBA ownership pool. And hey if he managed to turn that into owning the Ws, then he doesn’t seem to be a complete idiot like Cohan. At least a little business savvy there, even if 450 is definitely way too high.

  • Michael R

    Lacob may be better than having Ellison

    The problem with Ellision is that he has no NBA experience. Lacob does.

    We will see…

    Can’t be worse than Cohan, even if they move the team since having a team that bad under Cohan was pretty much the same as having no team at all.

  • DKnight007

    Lacob and Goober need to REHIRE Mullin and Fire Rowell, Riley and Nellie!

  • Root for Lakers

    Become a Lakers fan. They’re in CA & a consistent winner.

  • lavalovers

    No Chris Mullin- he was a lame GM

    Im happy they are sold but i was excited for LE’s energy. Oh well, he will be bumming/regretful next year when we are happening again and his pecker would’nt let him pull the trigger.

  • Thenab90

    I can’t say I’m not disapointed of course Larry Ellison was the sexier owner. But hey fellaz we have to be like screw it atleast thats b@tch or b@tches are gonna be gone. Atleast the team was sold that’s a victory in itself. And the team is staying in Oakland!

  • TownLove

    Jay I wouldnt get such a hard-on about Summer League Ike Diogu dominated during Summer League scoring 37 in his first Summer League game and went on to do nothing. On the flip side Curry had a horrible Summer League, but went on to have a nice season. This is not a knock on Cousins. I like his game.

    As far as Morrow. He had nice offense, but they couldnt keep him on the floor because he was such a defense liability. Every time he came in to the games teams would commence to attacking him. He cant guard 2s or 3s. Morrow shoots 45% from the arc and Wright shoots 40%. Not a big drop off.

  • ArmChair GM

    Thenab90,

    I hope you’re right, but what makes you so certain that the team is staying in Oakland?

  • Fearless Fitz

    First off, these guys aren’t “Boston” guys. They are California guys – UCLA and Stanford grads. Gruber runs an L.A. entertainment company (Mandalay) and teaches at UCLA. Lacob (who is to run the team) is a partner in an investment firm in the Bay Area and still has a leadership presence at Stanford. You don’t have to live in Boston to invest in the team.

    The bottom line question is why did they buy the team? Did they buy it as a wise investment (like Lacob probably did in Boston), or are they going crazy to win titles and be a dominant franchise? We will only see the answer by the way they run the team. That said, some say they plan to leave the leadership in place for now, which makes me CRINGE.

    Anyway, the fact that Ellison didn’t want to spend to get the team means that he might not have spent on big-time players that would take him into the luxury tax, so these other guys aren’t necessarily a bad thing. We’ll have to wait and see. In my fantasy-land, Mully would come out at the announcement and be back in charge (with a nice raise and a BIG apology). They could let him clean house of all these guys that double-crossed him to advance their own agendas.

  • DKnight007

    lavalovers Says:
    July 15th, 2010 at 11:50 am
    No Chris Mullin- he was a lame GM

    Im happy they are sold but i was excited for LE’s energy. Oh well, he will be bumming/regretful next year when we are happening again and his pecker would’nt let him pull the trigger.

    ^^^^^^^
    Keep dreaming!

  • Cohancankissmya$$

    Ellison didnt save us :-(

  • Brian

    Happy the Warriors are sold, bitter that it’s not Larry Ellison. It’s as if Cohan wanted to give us the middle finger one more time on his way out of town. What comes around goes around and Cohan has a massive store of bad karma built up. A nuclear kick to the groin is somewhere in his future. FU Cohan. I don’t care how much money you have, I’m just glad I’m not you. Don’t even think about showing your face in the bay area ever again. The bay area loathes your very existence. Beat it!

  • dew

    Hurray, Bostonians continue to be the bane of my existence. Eff this, i’m moving to miami.

  • Larry

    Kawakami tweet: Whoa. Ellison statement: “Although I was the highest bidder, Chris Cohan decided to sell to someone else.”

  • Willy

    How do we know the team is staying in Oakland?

  • DKnight007

    TownLove Says:
    July 15th, 2010 at 12:04 pm
    Jay I wouldnt get such a hard-on about Summer League Ike Diogu dominated during Summer League scoring 37 in his first Summer League game and went on to do nothing. On the flip side Curry had a horrible Summer League, but went on to have a nice season. This is not a knock on Cousins. I like his game.

    As far as Morrow. He had nice offense, but they couldnt keep him on the floor because he was such a defense liability. Every time he came in to the games teams would commence to attacking him. He cant guard 2s or 3s. Morrow shoots 45% from the arc and Wright shoots 40%. Not a big drop off.

    ^^^^^^^^
    Lets see again….

    Azbuki, Morrow, Randolph, Turiaf for an OVER paid David Lee, who can’t play one on one defense and a scrub named Dorell Wright??

    Those moves scream of stupidity!

  • haastheman

    Why is everyone upset that the team was sold, but not to Ellison. The important thing is that Cohan no longer owns the team.

    On top of this, the key figure in the group that bought the team, has a championship under his belt. A recent championship.

    I can’t wait for the next domino to fall. Will Nellie and Riley remain? Does he have his own team that he wants to bring? I’m excited for the next stage of Warrior Basketball!!!

  • DKnight007

    GregC Says:
    July 15th, 2010 at 10:30 am
    Cohan’s one last “up your’s” to Warriors fans. In my best Pete Franklin imitation

    “Your’s Warriors fans! Up Your’s!”

    ^^^^^^^
    Exactly! Pete Franklin was a great one!

    KNBR has never been the same since!

  • Jigglefish

    Here’s what will happen. Ellison, who doesn’t like being bested and has mentioned the option of buying another team, will buy the Kings and move them to San Jose. The Warriors will continue to suck and Gruber will move them to Las Vegas. The Bay Area can’t support two teams, they will argue. I wouldn’t be surprised if Ellison hasn’t already valued the Kings and decided be can get them for a better deal and have better options.

  • http://jayshealthycoffee.com Jay

    @ Townlove
    As far Cousins in summerleague. I am fully aware of the significance of summerleague however, you can always tell who would be able to play in the league. Players as recent as Tyreke Evans, and say, Darren Williams clearly showed in summerleague that they could play. Curry by his own admission, said he just kept on workin and stayed focus. When I see Cousins though I clearly see that he will be a force in this league real soon. Former NBA greats Patrick Ewing, Steve Smith, and Chris Weber all believe the same. As far as being winded, ALL ROOKIES ARE WINDED. I know with you being a Warriors fan you don’t want to hear this, but DEMARCUS COUSINS WILL HURT THE WARRIORS FOR YEARS TO COME. On top of everything else, THAT’S GOTTA HURT

  • ArmChair GM

    I just read this unsubstantiated quote by Larry Ellison…

    “Although I was the highest bidder, Chris Cohan decided to sell to someone else. In my experience this is a bit unusual. Nonetheless, I wish the Warriors and their fans nothing but success under their new ownership.”

    Marcus can you substantiate this story. And if that is true, IS THAT EVEN LEGAL?!?

    How can Cohan sell to a lower bidder if the whole process was set in motion to sell to the highest bidder?

    Can Stern and the Board of Governors step in? Can L.E. sue Cohan?

  • ArmChair GM

    Again, it’s unsubstantiated, but something sounds fishy to me. If to people come to an auction to buy a car, the premise being to sell to the highest bidder, why would the lower bidder win out.

    It definitely sounds strange that one of the richest men in the world, who has publicly been trying to buy the Warriors for over a year, would allow himself to be outbid, especially considering the competitive drive he has.

    Cohan might be more crooked than we realize. Might explain his 160 million tax problems.

  • ArmChair GM

    Again, it’s unsubstantiated, but something sounds fishy to me. If to people come to an auction to buy a car, the premise being to sell to the highest bidder, why would the lower bidder win out?

    It definitely sounds strange that one of the richest men in the world, who has publicly been trying to buy the Warriors for over a year, would allow himself to be outbid, especially considering the competitive drive he has.

    Cohan might be more crooked than we realize. Might explain his 160 million tax problems.

  • ArmChair GM

    My bad for the double post.

  • http://www.bayarearadio.org BayRadioDJ

    Jeebus! Would you idiots quit bitchin’ about the W’s now being owned by “some Boston guy”?

    Joseph Lacob owned a *sliver* of the Celtics. He’s a Stanford grad who is a partner in one of the biggest Silicon Valley venture capital firms there is — and it’s based in Menlo Park.

    From his bio:

    Joe is actively involved in industry organizations including the American Heart Association and the AHA Roundtable. He is also very involved at Stanford University, serving on advisory boards at the Medical Center, Business School and Athletic Department.

    Joe received his Bachelor’s in Biological Sciences from the University of California at Irvine, his Master’s in Public Health from UCLA and his M.B.A. from the Stanford Graduate School of Business.

  • Badguyeddie

    Joe Lacob is a Local guy from Menlo Park who Has Warrior season tickets, Peter Guber is from Vegas with the Mandalay group. That group was involved in trying to buy the A’s in 2001-2002. These guys arent moving the Warriors anywhere, not even back to the City. This sounds like a very solid ownership group,and im excited to see a new fresh start from them.

  • http://www.bayarearadio.org BayRadioDJ

    > $50 says these Boston guys screw us.

    My freaking god. NEITHER of the guys who are going to own the team are “BOSTON GUYS”!!! Doesn’t anybody here know who Peter Guber is? He’s one of the richest and most successful guys in Hollywood! You don’t think he’s going to want to stick it to the Lakers?

  • Nately

    Hey guys,

    Get your stories straight — there is a lot of uninformed comment here. Lacob actually is a pretty home-grown guy. He is a UC Irvine, UCLA and Stanford grad and has been in the Bay Area for 30 years. He was a very small percentage owner of the Celtics and even that was a result of a local, Bay Area connection. The managing owner of the Celtics is the family of Irv Grousbeck (now a Consulting Professor at the Stanford Graduate School of Business, a former cable TV systems mogul).

  • Nately

    You folks don’t know how business works, with company tenders, etc.

    Neither did Damon Bruce (utterly clueless on this point) on KNBR. There are deadlines on team and company sales for a reason — to generate the legitimate and fair best bid in a timely fashion. Everybody is aware of the deadline. Why do you think an eBay auction has an end date and time for lord’s sake? Why does an IPO have an underwriting end date? Anybody can say — “I would have paid more” after an auction/tender is over. Ellison seems to be in sour grapes mode now.

  • MWLX

    Some of you guys need to avail yourself of the facts before you spout nonsense:

    1) Lacob is a local guy, a Bay Area resident who’s been a Warriors season-ticket holder for 10 years. Just because he has a minority share in the Celtics doesn’t mean he lives in Boston. It does mean he’s been involved with a championship franchise, which sounds good to me.

    2) Ellison says he actually submitted the highest bid, but Cohan picked the Lacob-Gruber group instead. Who knows why, but don’t blame Ellison and claim wrongly that he was outbid. Blame Cohan for screwing around one more time. The good news: He’s gone.

  • DKnight007

    Jigglefish Says:
    July 15th, 2010 at 1:25 pm
    Here’s what will happen. Ellison, who doesn’t like being bested and has mentioned the option of buying another team, will buy the Kings and move them to San Jose. The Warriors will continue to suck and Gruber will move them to Las Vegas. The Bay Area can’t support two teams, they will argue. I wouldn’t be surprised if Ellison hasn’t already valued the Kings and decided be can get them for a better deal and have better options.

    ^^^^^^^
    The NBA will not allow a team in Vegas anytime soon….too much gambling and corruption going on in Vegas and too mamy bad influences in that town for a pro team.

    The NBA already has enough problems trying to cover up the refs and Donaghy problem.

  • ArmChair GM

    Badguyeddie,

    Same question for you that I asked Thenab90…

    How do you know that these new owners aren’t going to move the Warriors from Oakland?

  • DKnight007

    FIRE BOB FITZGERALD!

  • Leftshot

    ArmChair GM is right. This quote is now an article on the Mercury New site and if true would be quite a story. In fact, if the amount Ellison’s group offered was even equal to the “winning bid”, it would favor the Ellison group due to the four minority investor’s involvement. The capital gain advantages could result in quite a bit more in Cohan’s pocket.

    Something’s fishy. Because if there is one thing we thought we could count on from Cohan it’s that he was only interested in one thing: Getting himself the most money from the sale.

  • FeatherRiverDan

    I guess this means that the Warriors are worth $540,000,000 if this guy only bought 80%…..What are the Lakers worth? The american dollar sure isn’t worth much today….

  • ComOn Cents

    Hey, all. Give it a rest! You have no idea how aggressive or passive, right or wrong, smart or stupid the new management will be. I have no idea either so don’t go giving me guff for telling you how “Life with Lacob” is gonna be.
    Cohan will soon be only a shrinking image in our rear view mirrors. That is a good thing.
    What will happen in the future cannot be forcasted except for the Nostradamus’s among you.
    Wish the new ownership well and sit back and see how they do.
    Live with the fact that you will not be the GM and what you (and I) say has no pull!!!

  • qodrn

    Manadley entertainments owns stuff all over the world. They are not just in Vegas. The new owner is local and wants to keep the team where it is. The fans are lucky. Maybe Ellison can buy the Oakland A’s instead.

  • warriorbeil

    @armchairgm….let me ask you this why do you think theyll move out of Oakland? From what im hearing Lacob is very passionate and is a bay area guy. I really think there will not only be a jersey change but a name change. Golden state warriors of oakland LOL