Warriors NOT for sale - Another TK Myth
by AR4 on Jul 11, 2009 11:09 AM PDT
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Rowell spoke to the media after the first LVSL game and denied that the Warriors are for sale.
"The Golden State Warriors are not for sale," Rowell said. "There is not a 'For Sale' sign up."
As if that wasn't enough, Rowell showed a little irritation in regards to the rumor not having any detail to begin with.
Sources told the Bay Area News Group that Cohan wanted a good price for the franchise.
"What price?" Rowell said. "No offer was made."
Don't like Bobby, but he's got a point, how could these sources not throw out a number or ballpark figure? Hmmm. Good 'ol Kawakami, consistently getting our hopes up!
But forget about TK, you gotta hand it to the SJ Mercury. The same place that starts the rumor, disproves it. At the end of the day, we're the suckers reading their newspapers/blogs. Can't blame it all on TK. The best part of it? I'm still gonna keep reading their stuff ha ha.
Waaaaaarrriorrrrr fans desparate for hope!
This FanPost is a submission from a member of the mighty Golden State of Mind community. While we're all here to throw up that W, these words do not necessarily reflect the views of the GSoM Crew. Still, chances are the preceding post is Unstoppable Baby!
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a ballpark figure was thrown. from Marcus Thompson’s twitter.
I keep hearing Cohan wants more than $400M for Warriors.about 23 hours ago from mobile webbtw, i think the dubs are valued at $335 million.
here’s some more of what he had to say.
The report, published in the Contra Costa Times, claimed Cohan has had negotiations with Oracle billionaire Larry Ellison and is seeking other suitors. “There has not been an offer and there has not been an ask,” Rowell said. “There is not a sports team in the Bay Area that does not have discussions about the future and what is going to happen, but it is speculative to report that something could happen in one or two years. Anything could or could not happen in one or two years.”http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/07/10/SPP618MNTS.DTL
i did not realize Rowell knows what goes on with the other bay area franchises. if he is intimating that all the bay area teams discuss potential sales, he is wrong, the Raiders never have these types of discussions. i’m not sure the 9ers do either.
Cohan wants more than $400M for Warriors when they’re valued around $335M? Common sense in business. If Cohan sold the Dubs for $400M, then he’d get $65M above market value, which is 19.4% more than what it would be worth. I’d do it if I were Cohan. Remember how much he bought it for? Yup, that’s crazy profit. In the end, business is all about the benjamins.
Ellis to the RIM!
Monta for the win?! YES!
Remember how much he bought it for?
according to this article, $119 million.
http://www.cbssports.com/nba/teams/report/GS/11939412
it’d be hard to see anyone willing to give into Cohan’s demands of “more than $400 million” when the team is worth only $335 mill….. depending on how stubborn Cohan is, this could take awhile.
by homer simpson on Jul 11, 2009 1:00 PM PDT up reply actions
nope
GSW is neither worth $119m or $400m. Whoever came up with these numbers needs to get their head examined.
yes! another chance to use my disappointed Homer picture.
by homer simpson on Jul 11, 2009 1:41 PM PDT up reply actions 2 recs
Of course owners can get more than their team’s “net worth” (which is a pretty arbitrary value to begin with).
The economy of sports franchises is not linear. The supply is very, very low (obviously only 120 or so franchises in all 4 sports, but only a few (at most) are up for sale every year), so when they come on the market the demand from billionaires who want to own a franchise can drive up the price. What’s Ellison going to do, wait 10 years for another team to come on the market?
Thing C
What’s Ellison going to do, wait 10 years for another team to come on the market?
why not? he’s already waited about that many years already. as much as he wants to (supposedly) own a franchise, he’s obviously not willing to “lose” at the negotiating table.
though in reality, there are rumors he’s recently been pursuing ownership with a potential future franchise in Los Angeles. so maybe he’s not willing to wait another 10 years, but he’s probably not going to make a ridiculous business deal either.
by homer simpson on Jul 11, 2009 2:50 PM PDT up reply actions
Oh, I agree, but if you’re fabulously rich, what’s another $50m or so? If I were him, I’d much rather overpay for a team in my backyard than wait god knows how many years for another team to come on the market.
He’s already 65. Frankly, his time is dwindling.
Thing C
oh yeah, i would to – but we’re both rational people. in the silicon valley they have a saying/joke: “What’s the difference between God and Larry Ellison?” “God doesn’t think he’s Larry Ellison.” ellison appears to be an eccentric mr burns type who got a bunch of ringers just to win the Oracle vs Sun Java company games… the impression he gives off is that he has to win at everything.
he and Cohan have been at this for some time, so i’m not sure he wants to give in to Cohan and it doesn’t sound like Cohan wants to give in either. and yeah he’s old, but one thing about old people is that they are set in their ways (stubborn). if he were the type of person who was willing to buy the team at all costs, he probably would have done it the 1st time with a big offer that Cohan couldn’t refuse back in ’04.
by homer simpson on Jul 11, 2009 4:10 PM PDT up reply actions
The team is “worth” what someone is willing to pay for it. Though magazines make stabs at estimating franchise values, they’re estimates. There’s no fixed price tag and no established formula for valuation of a professional franchise. It’s a considerable deal of guesswork. It’s also rather volatile. And in the past, I recall far more instances where franchise sales have gone for more, sometimes far more than the club is supposedly “worth”, so I tend to put little into those numbers.
While these are businesses, they’re also very expensive toys. Any old multi-millionaire can buy a Ferrari or a yatch. Only 30 guys can own NBA clubs. I don’t know what Cohan’s attachment to the club is. I’ve seen many write that he isn’t really a real fan of the game, but I don’t know where that information comes from beyond speculation since the team is so bad (and he doesn’t act like Mark Cuban). Who knows? Maybe it’s important for him to be part of this elite club of the real, real rich.
The team is "worth" what someone is willing to pay for it. Though magazines make stabs at estimating franchise values, they’re estimates. There’s no fixed price tag and no established formula for valuation of a professional franchise. It’s a considerable deal of guesswork. It’s also rather volatile. And in the past, I recall far more instances where franchise sales have gone for more, sometimes far more than the club is supposedly "worth", so I tend to put little into those numbers.
i don’t get why there is this humongous need on this site to state the obvious. you could say the exact same thing about the history of housing sales where sale prices usually exceed listing prices.
by homer simpson on Jul 12, 2009 11:48 AM PDT up reply actions
When you see a number of people talking about how Cohan is trying to get more than the team is worth using the $335mil price, it’s clear that it is not obvious to many that the numbers are somewhat of a fantasy. People were acting like the Warriors were some bearer bond with a $335mil value attached. I saw no indication that several posters saw it obvious that this ‘value’ is a guestimate, nor did I see much if any appreciation that these estimates have historically underrepresented the actual selling price of teams.
? xiaoxiao and markdash seemed to understand it. the poster below like ar4 and sam23 below all seemed to get it. anhsupra didn’t understand anything, so i had to break out my disappointed homer picture. but whatever floats your boat.
by homer simpson on Jul 12, 2009 5:02 PM PDT up reply actions
Haha
i don’t get why there is this humongous need on this site to state the obvious. you could say the exact same thing about the history of housing sales where sale prices usually exceed listing prices.
If you want you can post your email so we can all run our comments through you to make sure you don’t find them too obvious. ; )
Everybody here is coming from a different perspective with a different level of understanding depending on the subject matter. No reason to get an attitude if a particular post seems too obvious or basic to you. If you found Jae’s above post annoyingly obvious enough to respond to you’ll tire yourself out pretty quick around here.
Thing 2
its a negotiation tactic
I bet elison offered less than 335. Also if you see what Cuban did with the mavericks. bought them for 280mil, the are now valued at over 400 million. The warriors may be worth 335, but i think anyone realizes with some good management this franchise could easily be worth more than the mavericks. The bay area is a huge market, great fan base etc. etc. etc
I doubt Cohan would tell Rowell..
and I doubt Rowell would tell the world since his job hinges on Cohan’s ownership.
No Cohan= No Rowell
Cohan is makin deals on the side I hope...
this is why no one wants to come to the Bay.
Its time for a change...
by RunNdGun on Jul 11, 2009 12:21 PM PDT reply actions
I used to get mad at Timmy K
Then I got smart and decided to use him as a contrarian indicator. When he says something the odds are very good that the opposite is true. So if you use his blog in this manner it is a good tool. Speaking of tools? TK?
by crab dribble cocktail on Jul 11, 2009 1:42 PM PDT reply actions 1 recs
If it's worth $335M, what's a fair offer?
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
good news!
if we can just get 400,000 GSoMers with a 1,000 bucks apiece or so to spend we could buy the team!
Thing A
I'm in!
but wow, the decision making would be brutal.
There's a party in my mind.
And I wish that I was there.
It's called a board of directors lol
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
I’ll buy 51% of it if everyone else buys the rest. Decision making is no longer brutal. :)
by Missing Barry on Jul 13, 2009 11:30 AM PDT up reply actions
I'd put in more then 1,000 bucks
I’d put in some of my paychecks and some of my tuition money, lol.
It is the shoes!!!
by LighTz707OuT on Jul 12, 2009 3:50 PM PDT up reply actions
I still think it gets sold but
at least this shows that TK continues to show his lack of integrity and exaggerate everything he hears
by T-Money on Jul 11, 2009 4:18 PM PDT reply actions
On Kawakami
Kawakami-haters need to understand that there is a difference between somebody’s blog and somebody’s newspaper column, there is a reason why he wrotes both and not just one.
His blog is full of his own personal bias, opinions, analysis, and ‘he said, she said’ gossip and rumors. That’s kind of what a blog is for.
If you’re the kind of person who believes everything he/she reads, can’t respect the fact that other people have different opinions than you, or simply can’t read between the lines.. then maybe Kawakami’s blog isn’t for you. You can go read his Mercury column, or anybody’s column, and get only the subjective facts and truths.
Me? I think it’s kind of cool to get someone’s deep perspective who is so well-connected into the Bay Area sports scene. Whether or not he puts his own personal spin on the rumors for whatever reason (or more likely, whether or not HIS SOURCES put their spin on the rumors) just makes it all the more interesting. The point is this: if you’re reading somebody’s blog, anybody’s blog, try not to take it so seriously.
"We Deserve"
by YaHeard on Jul 11, 2009 4:39 PM PDT reply actions 1 recs
Keep it real
Keep it real, is his blog like on sb nation or something or is his blog still within the mercury news realm? Just because it’s the “blog” section doesn’t mean you can make up rumors. Sure, you can give your own beliefs and opinions that you wouldn’t in a newspaper column, but even in the blog, as a respected journalist, you need to withhold from abusing your power. Just another perspective my man. Like I said, I will still read it tho because I like the discussion.
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
The thing that confuses me is that people still read his blog and react the way they do. If you don’t like him as a reporter, don’t read his stuff. It’s that simple. I enjoy reading TK, and am probably one of only a few who still read it regularly on here. Lately he’s taken a more nasty tone with the Warriors, so you might want to keep that in mind and read between the lines a bit to understand why TK can be very negative/critical of the Warriors. All TK does really is rumor-monger. And he’s good at it. And like ATMA says, “99% of rumors may not come true, but 100% are fun to talk about”….or something like that.
Warriors, Stupidest franchise in the league.
"It takes a special kind of anti-mojo for a team to miss the playoffs 14 out of 15 seasons. Like, say, the Warriors under Chris Cohan."
Back and forth
Rumors are for TMZ, not for blogs affiliated with major metropolitan newspapers written by people that also HAPPEN to be respectable journalists who provide us a lot of our Warriors news.
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
hm. it’s not like his “rumors” are never true. believe he was the 1st to break Harrington’s trade demands, broke the Jackson & Nelson pregame spat, Mullin’s extension offer to Baron, ultimatum to Jamal, Amare not wanting to join the dubs, the dubs going after KG turned out to be true & the Ridder & Fitz covert blog posting.
i just don’t get why you guys get so worked up over this guy. is it just because he’s “negative”? other columnists like Ratto & Cohn appear to have no sources and spew stuff on pure conjecture, but you don’t see the same hostility… do you guys just prefer everyone be like Fitz & Rusty Simmons and tell you everything is great? sure TK’s self aggrandizing and he has a bizarre need to come to anti-Nelson/Rowell conclusions based on his Warriors sources (who are probably anti-Rowell, pro-Mullin guys) or on what agents purport…..
everyone keeps saying he makes stuff up, but if you go through his archives, the majority of his sources have ended up being right – the conclusions he draws based on those truths have been wrong or misplaced, but that’s because those things are conjecture and his conclusions based on those conjectures are always going to lean pro-Mullin… but i just don’t get what the big deal is. is it the Monta thing? not every source is reliable and sometimes even the most reliable sources get bad information…
come on guys, let’s not get so worked up over something we read on the internet.
by homer simpson on Jul 11, 2009 8:59 PM PDT up reply actions 1 recs
Good points
I guess he’s just got us more hyped and dissapointed us more than those other guys, but I guess looking back he had a lot of hunches that ended up being true. The whole sale thing is now back and forth, Ric Bucher on his tweet is conceding to TK, and TK is totally rubbing it in and taking shots at Ric Bucher. Who knows anymore? I just want 1 all start so we can goto the playoffs lol.
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
yeah, lol – well we all know TK is all about himself.
basically, his whole story was probably some Warrior insider (likely pro-Mullin) who let slip that Cohan was serious about selling and he verified with a Larry Ellison rep…
yeah, 2 sentences turned into another epic 5 paragraph TK blog and hundreds of tweets. lol. i’m telling you don’t take this dude too seriously. yes, the Warriors have organizational problems, but as long as we have Randolph and he keeps getting better – i have a feeling we will be alright.
by homer simpson on Jul 11, 2009 9:37 PM PDT up reply actions
“Rumors are for TMZ, not for blogs affiliated with major metropolitan newspapers written by people that also HAPPEN to be respectable journalists who provide us a lot of our Warriors news.”
I don’t read his blog, I just don’t care much one way or another. I want to point out that this is how the Merc operates. Jon Wilner at the Merc plays a similar role for college football – in his blog he discusses subjects and opinions that aren’t really newspaper worth/quality, so it’s much different than the articles he writes. Not really rumors the same way, but college football doesn’t provide the same type of rumors anyways. Now you know. Given this information, you can now make a decision to continue reading his blog knowing it’s not “newspaper quality”, or ignoring it altogether. If you continue to read it thinking it’s treated the same as a newspaper, well then you’re an idiot…
You may or may not agree with how they set their system up, but it is what it is, deal with it.
*By the way, most of this wasn’t directed at anyone in particular, just any reader that happens to read my comment. :)
by Missing Barry on Jul 13, 2009 11:36 AM PDT up reply actions
exhausted
A little late with that, your opinion was exhausted and I agree with a lot of it.
NEW idea, how about Kawakami just gets those guys at merc to let him put his rumors in the column? Looking back, more of his rumors has SOME truth to them than I thought. Monta may not have been traded, but we know there was tension and another purpose for that meeting. The team may not officially be “for sale”, but we know he’s looking at offers. Mercury should just post his rumors, or fire the guy. One or the other.
(Just a new perspective.)
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
I smell a house plant.
Flunkster intern. Green, cellular, and trapped in a corner.
Chris Cohan and Robert Rowell? Oh no hide the children!
Haven't Bucher and MT reported this rumor, too ...
If you want to claim TK is making this stuff up, how do you explain other people confirming some aspects of the report?
pleas read my comment above
on the feud between tk and rb, ongoing. ur right, we don’t know who to believe anymore!
Judge: "In the case of 3 month old Tracie Taylor, we find that Dirk Nowitzki .... IS the father!"
Dirk [in Hassellhoff accent]: "That baby don't look like me!"
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