Larry Ellison Rumored To Be New Golden State Warriors Owner
This SB Nation Bay Area sports stream is a great way to track the pending sale.
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It's only a matter of time!!!!!!!!
Change is coming. It’s a new day for the Golden State Warriors. Hopefully Ellison can figure out a way to keep players from getting injured.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
Warriors New Owner
Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment
still
waiting on an official announcement. All of these reports seem to be the same, saying it is likely Ellisons team.
Glad to know the Warriors are actually worth something nowadays.
by Precise Films Productions on Jul 15, 2010 8:57 AM PDT reply actions
+1
SO TRUE. If it weren’t for the fans coming out to games through all of these difficult seasons, this team may not even be in the bay area! Hopefully things start turning around with the new ownership.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
MSteinmetzCSN
Source: Larry Ellison will NOT be the next owner of the Golden State Warriors
Come on Larry1
i was just gonna say that
HERE’S TO ANOTHER 16 YEARS OF FUTILITY…….
EFFFF YOU COHAN!!!!!!
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 9:51 AM PDT up reply actions
Okay, I’d rather not overreact to this. We all got excited that LE would be the owner, but we should just accept that anything is better than Cohan. The concern is we know nothing about Peter Guber and Joe Lacob. Let’s hope they are nothing like Cohan.
That is, of course, Steinmetz’s source is correct that LE will not be the owner.
Confident Marco Belinelli supporter
Ode to Tim Kawakami
by Doctor Kajita on Jul 15, 2010 9:55 AM PDT up reply actions
Marcus Thompson tweets: Sale is done, It’s not Ellison. Link coming
Confident Marco Belinelli supporter
Ode to Tim Kawakami
Larry Ellison is not Iron Man afterall. Robert Downey Jr. is.
Confident Marco Belinelli supporter
Ode to Tim Kawakami
one thing i know
GRUBER – Mandalay Entertainment = Mandalay Hotel = Vegas
Vegas wants an NBA team, and will be financed by PUBLIC MONEY.
BYE BYE WARRIORS.
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 9:59 AM PDT reply actions
It is not the same as Mandalay in Vegas.
Confident Marco Belinelli supporter
Ode to Tim Kawakami
by Doctor Kajita on Jul 15, 2010 9:59 AM PDT up reply actions
Ok
its the film company…..
whew…
hopefully this dude is not clay bennett
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 10:01 AM PDT up reply actions
Here's the link to the story about the new owners
http://www.cnbc.com/id/38262946
"Even the Swedes are getting mad."-Randy Hahn
"It's very cozy in the sin bin."-Randy Hahn
anyone is an upgrade but
THIS IS GOING TO BE RUN AS A MONEY MAKING ENTITY….by goddamn investors.
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 10:03 AM PDT reply actions
umm
that’s what the Warriors were before the sale, and have always been.
It’s even more apparent when you look at what roster and style of play the Warriors have trotted out the past few seasons.
What puts fans in the seats? Winning is one, obviously. But high scoring, lots of action, speed, flashy plays, etc. The Warriors succeed at every aspect of being a popular franchise except winning. But since their style of play is fun to watch and generally leads to many exciting games, this will get fans to watch.
It’s pure and simple. You just got tricked for 4 years. Nice job.
NOOOOOOOOOOOOOOOOOOOOO
Same story as 49er16’s post, but from a source i usually trust. Parting shot in the gut, indeed….
Sold!
http://www.cnbc.com/id/38262946
Monta Ellis's #1 Fan!!!
Source: “Peter Guber will be a horrible owner.”
Confident Marco Belinelli supporter
Ode to Tim Kawakami
COHAN HAS JUST SCREWED US...
FOR THE LAST TIME, IN THE WORST WAY. I don’t know much about Mandalay but I did know that Ellison was a successful business man who wanted to WIN. I’m not too familiar with this new owner but hopefully they want to win too. A sad day.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
Actually, he could have screwed us worse
…by not selling the team at all.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
Sad that someone who the bulk of people said would be a boon only because he had tons of cash? Having cash and spending wisely are not the same things. Founding a database company and running an NBA franchise: not the same thing. Ellison might have been better, might have been worse, but we have zero evidence either way.
Everyone who has the money to buy an NBA team is a successful businessman. There’s zero relationship between an NBA owner’s net worth and the success of the club. It’s not possible to simply decide to spend more and immediately get better players. It’s possible to keep spending to keep players, but it requires a combination of luck and shrewd and wise spending to get there in the first place.
Yes but we've seen
what Larry Ellison is willing to do win the American’s Cup. He desire for excellence is shown by his funding of his team and his willingness to litigate to win. And he did win….everything.
Throwing money at something isn’t the same thing as doing a good job with it. Hiring engineers to design a boat doesn’t ensure success running an NBA franchise. The reality is that NBA economics are rather complicated and complex and it’s not possible to just spend your way to a championship. There’s a cap, and that cap prevents you from just buying players when you’re over it. While spending is important to maintain success, it doesn’t appear to buy it in the first place.
Do you know who Peter Holt is? I’ll save you the time. He’s the owner of the Spurs. He’s celebrated 4 championship parades. He has the lowest net worth ($80million) of any NBA owner. Yes, he was luck to get Robinson and then Duncan [luck counts for a lot in sports]. Who’s richer? The owner of the Grizz or the owner of the Lakers? How about the owner of the T-wolves? How many titles has the richest owner in the NBA won?
Ellison wasn’t willing to spend whatever it took to make the Warriors a winner. If he was, he’d own the team.
I really don’t know what the new ownership will do, but that’s exactly as much as we knew about Ellison. Getting bent out of shape about this and fearing doom because they aren’t as rich as Ellison is a sign of significantly misplacing emotions based on poor analysis of reality.
by jae on Jul 15, 2010 10:57 AM PDT up reply actions 1 recs
Founding a database company and running an NBA franchise: not the same thing.
Whereas… founding an company based on deciding whom to loan millions of dollars is… not the same thing, but not that dissimilar.
I’m all for having a VC guy involved.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:04 AM PDT up reply actions
What a way to go
Cohan. Everyone hates you to begin with. We have sunk all this money into you and your horrible regime and you can not even honor us with selling the team to the man EVERYONE wants?!?! Granted, we do not know how good of an owner Ellison would have been, or these guys will be, but this seems like a final parting shot by Cohan. Ellison already offered the highest price ever for an NBA team! This last move made him officially the WORST owner in the history of sports!
Well, that sucks, but...
I guess Larry Ellison wasn’t going to deal with Cohan’s ridiculously high price…
Oh well. Don’t get too down yet. It’s almost guaranteed that Lacob and Guber will be an upgrade on one of the worst owners ever, Cohan.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
Hmm... according to Wikipedia
Guber is pretty popular in the media and his Mandalay company has plenty of affiliation with sports so at least he knows stuff about how to run sports…
Super bummed
Time for another stint of ownership that doesnt have deep pockets. These new guys are going to be terrible. Mandalay sounds a lot like the horrible casino-owning Kings ownership. Im beside myself. I hope I see Cohan on the streets.
There is no relationship between owner’s net worth and the success of NBA franchises. None. Zero. Zip. Zilch.
I *totally* disagree
Owners with high net worth are more willing to pay luxury tax. Teams that are willing to pay luxury tax are more likely win championships (across all capped sports). Not sure how thats arguable. Can pull up stats if needed.
by warriorsfanSF on Jul 15, 2010 10:53 AM PDT up reply actions
Sorry Larry...
http://www.contracostatimes.com/news/ci_15523556
What’s BS is that Guber/Lacob weren’t even the qualifying 2 to start with…then they allowed them back in to the race.
by JT the Bigga Figga on Jul 15, 2010 10:17 AM PDT reply actions
One upside (well, non-downside)
The team isn’t moving, as both major owners have serious CA ties.
Lacob lives in the Bay (per Kawakami) and Guber lives in LA and has taught at UCLA for 30 years.
Even with the Mandalay name (not the same, as said before), this team is staying in the Bay Area.
They're not moving
this is the Bay Area. Oakland, San Fran, Silicon Valley. Major market.
We’re not a tiny city like Seattle. There is a reason why we got sold for 450 million.
Teaches at UCLA business school
I go there. Going to try to get an internship. Mitch Kupchak is an Anderson Alum. Maybe he will be our new GM
by warriorsfanSF on Jul 15, 2010 10:58 AM PDT up reply actions
Hey, if Ellison didn’t want the team this bad, then I guess he wasn’t the owner for us. That being said, I HOPE that the new owners are as passionate about winning as they are about making money, like Ellison.
I think Ellison’s pride got in the way on this one…who blames him? Why give that jerk Cohan what he wanted?
Confident Marco Belinelli supporter
Ode to Tim Kawakami
he is a smart business man
they paid over $100 mill more than the team was valued at. Cohan just wanted the extra money and DOES NOT CARE ABOUT WARRIORS FANS in the slightest bit. The new ownership group could do fine but this ripped the hearts out of Warriors fans. If he keeps Rowell, I don’t even know what to say.
The new ownership group could do fine but this ripped the hearts out of Warriors fans.
If you had that much emotional investment in Larry Ellison owning the team, a guy who we don’t have one iota of an idea about whether he has aptitude to run a team, look inward. You knew Ellison’s name. That’s not enough to justify him as being better than Gruber and Lacob.
i agree with you
the other group is an unknown to us. However, we have seen Ellisons desire to win and we know about his wallet! It will be an upgrade, no doubt, and he could be a very good owner. It just hurts Warriors fans. The one time we thought we would really get what we wanted.
It just hurts Warriors fans. The one time we thought we would really get what we wanted.
It shouldn’t hurt. Wanting Ellison that badly with zero evidence that he’d be able to bring about a winner in Oakland is rather misguided.
Hate to Keep Arguing but...
…we should be upset the 6th richest person in the world did not buy our team. Twice as rich as the owner of the Nets and would be the richest owner of any sports team across any sports in the world. Its the golden rule: he who has the gold, makes the rules. I can not help but be upset.
by warriorsfanSF on Jul 15, 2010 11:04 AM PDT up reply actions
As JAE pointed out
Unless you have some valid evidence for:
A) Richer people being inherently more willing to spend money on the team
AND
B) More spending = more winning
Then GTFO.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:07 AM PDT up reply actions
Ahhh… the one man example. Perfect. Move along then, if George Steinbrenner was willing and able to spend tons of money in a league with ZERO concept of a salary cap, then of course Larry Ellison (different person) is going to be willing to spend tons of money in a league with a salary cap and severe player acquisition restrictions if over that cap and win.
Next year, we’re gonna be over the cap and sign the basketball equivalents of A-Rod, CC Sabathia, Jason Giambi, etc. You just watch.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:17 AM PDT up reply actions
You asked for evidence.
You never specified NBA. Steinbrenner is evidence that more spending = more winning.
But I do agree with you that Steinbrenner had much less restraint to accomplish this.
You never specified NBA.
Dude… you’re ridiculous and have no concept of valid evidence. You provide one datapoint as “evidence” and believe that it’s proof that your theory is correct. You completely ignore any semblance of external influences on your data. Hey, here’s a better example of a spendy owner screwing his team over and over again:
The Washington Redskins
Steinbrenner had much less restraint to accomplish this.
Steinbrenner had NO restraint. He could sign whoever he wanted so long as he was willing to pay him.
You have not provided any relevant backing for your opinion. Sorry.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:28 AM PDT up reply actions
And what exactly is my opinion? Because I fail to see where I provided one. If anything, I ultimately agreed with you.
That because George Steinbrenner is an example supporting the claim that Ellison will be willing to spend lots of money to make the Warriors basketball team better
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:32 AM PDT up reply actions
No
I provided an example of how more money could equal more winning. I would have preferred Ellison, but I’m equally content with these guys. I have no proof that Ellison=more winning. Never insinuated I did.
I’m ultimately agreeing with you. I’m waiting some time before knowing exactly how I feel about them though. Need to see what their decision making is like. If its for the championships or strictly for the $$.
One data point != compelling evidence .
And, in fact, Steinbrenner is also a great example of why a rich owner can be a problem.
Furthermore, another reason why Steinbrenner is a bad example:
He’s never run the Yankees at a loss.
I want to point out how you changed the equation: the question wasn’t “more money” = “more winning.” It was “richer owner = more winning.”
Steinbrenner has not spend his personal money on building the Yankees. They do not operate at a loss. THey spend more money because they make more money, but the Yankees generate a profit (a disguised one, because of the YES network and other tricks).
Last two NBA Championships
Won by team that was paying luxury tax. What other proof is more pertinent than that
by warriorsfanSF on Jul 15, 2010 11:47 AM PDT up reply actions
You seem to be equating paying luxury tax with winning
Yet many teams pay luxury tax without winning.
Look, in order to have a reasonable reason to pay luxury tax, you have to have really good players on your roster to justify paying them more. The Lakers and Celtics acquired good players through good basketball decisions, not opening the checkbook.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:51 AM PDT up reply actions
There are many stupid rich people and many smart poor people, like me.
Confident Marco Belinelli supporter
Ode to Tim Kawakami
by Doctor Kajita on Jul 15, 2010 11:55 AM PDT up reply actions
That's not proof.
Dallas, Denver, Charlotte, and Indiana were among the top-10 spending teams in the NBA last year.
That should be proof that spending more doesn’t get you winning, no?
You're just being picky with your reading comprehension
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:51 AM PDT up reply actions
If Steinbrenner has never run the Yankees at a loss it doesn't matter how rich he is
It’s like saying “Google is so successful because its owners are willing to spend tons of money to make new software applications.” When, in fact, Google makes money on its own, and spends its own corporate dollars on its own projects. Its owners could be penniless and Google would still operate because it is a revenue generator that turns some of that revenue around and reinvests in making itself a better corporation.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:53 AM PDT up reply actions
I......Agree....With....You.....
This is what happens when you take part in a discussion that wasn’t yours to begin with, LOL.
Also worth pointing out:
George Steinbrenner was, in many ways, a terrible owner.
The Yanks run of success in the 90s started when Steinbrenner was suspended for three years.
When that suspension was announced, the fans in Yankee Stadium CHEERED.
Steinbrenner owned an MLB team
which doesn’t have a cap
by Number22Drew on Jul 15, 2010 11:18 AM PDT up reply actions
Relax
Pulling up some stats now (aka valid evidence) to put end to, as Jae put, this entirely objective issue.
Off the top of my head, Steinbrenner was willing to pay luxury tax and worked for Yankees, generally considered the best franchise across all sports in terms of winning and value. Chelsea owner was willing to spend a ton, and won a bunch. Lakers over the cap, won championship. Niners won five super bowls spending money. Money typically means winning. how can you disagree with that
by warriorsfanSF on Jul 15, 2010 11:16 AM PDT up reply actions
Again
Salary cap in baseball? Nope
Salary cap in those Niners days? Nope
Salary cap in EPL? Nope
And when you say “pulling up stats” do you mean that you’re trying to find some to support your previous spurious common sense based claim? Or do you actually have statistics stored somewhere on your hard drive that you just didn’t bother to share earlier?
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:19 AM PDT up reply actions
Anecdotal evidence pulled from other sports without salary caps (and a lux tax in baseball isn’t a cap — it doesn’t prevent him from buying players like a cap does in basketball once you’ve exceeded it) is not pulling up some stats. There’s a big, big difference between anecdotal evidence and ‘stats’. You are not using the latter.
It's not about knowing that he would bring a winner
That’s simply impossible.
What Ellison brought is a guy who would be willing to spend to win- we’ve seen what cheapskate owners can do (look at Sarver and their sold-off 1st round picks).
The upside of Ellison was that having a rich owner helps immensely on the margins. It guarantees nothing, but it very rarely hurts to have an owner willing to go the extra mile to win.
What Ellison brought is a guy who would be willing to spend to win
Do you know this? I mean, do you actually know this or are you just speculating/dreaming like the rest of the Warriors faithful wringing their hands over the perceived loss of Ellison the savior?
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:14 AM PDT up reply actions
Dude spent 200 million dollars on a boat
i think he would be willing to spend to win.
by warriorsfanSF on Jul 15, 2010 11:18 AM PDT up reply actions
And wasn't willing to spend an extra $30M on the Warriors organization
What makes you think that a guy like that would have been willing to shell out $30M of luxury tax every year to keep the team competitive? If he wasn’t even willing to spend that kind of cash to acquire the team?
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:20 AM PDT up reply actions
lets get to the point
1)im not researching anything, dont have a hard drive and dont really want to spend time looking anything up (and dont want to go to boston).
2) more importantly, are you happy that ellison got outbid?
by warriorsfanSF on Jul 15, 2010 11:22 AM PDT up reply actions
I don't think he is necessarily happy with that
He is just wondering why everyone is freaking out that Ellison got outbid.
Because talent? You want to add a guy like boozer because hes talented? I’m sorry i just don’t see that as a valid reason. -- fffindeed
by wallywagon11 on Jul 15, 2010 11:24 AM PDT up reply actions
1) If you don’t have a hard drive, then how are you communicating with the interwebz? If you don’t have any statistics, then you are admitting that you just thought “richer owner = better team” and are now trying to find some shred of evidence to back this up.
2) Don’t much care. We know Cohan was terrible. We know the new owner can’t be that bad… moreover, the new owner was one of the folks that identified Google and Amazon as good business ideas WAY before they became the global giants they are now. So… yeah, I’m decently psyched about him being involved.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:25 AM PDT up reply actions
decently psyched
sounds like how I have felt about the NBA draft lottery for the past 13 years.
by warriorsfanSF on Jul 15, 2010 11:28 AM PDT up reply actions
Dude didn’t spend 450million dollars on the warriors. He wasn’t willing to spend to win. He wasn’t willing to spend to even get in the game.
Spending to purchase a team, especially overspending, is TOTALLY DIFFERENT than spending to win once the team is purchased. They can overlap, but don’t have to.
Ellison’s unwillingness to make an investment he thought was overvalued (especially if he thought he was being leveraged on a bluff) is largely immaterial since we know he has been willing to spend to win on sports before. It’s not like he is without a track record on the topic.
You talking about the boat race?
That’s just a stupid rich people trying to one up each other game. That and the financial playing field was WIDE open. So he couldn’t buy his sails from Spain. Big whoop…
In the NBA, we have this thing called a “salary cap” that limits the ability of the richer owners from buying whoever they want. It forces teams to either trade assets of equal monetary value and build from within the organization.
No matter how much money he has, if he continually drafts the likes of Mike Dunleavy, Patrick O’Bryant, and Adonal Foyle, he’ll never have any valuable assets to trade or extend no matter how much money he wants to spend.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:32 AM PDT up reply actions
Salary Cap
Rich people spend more money than less rich people (assumption). Ritch owners spend more moeny than less rich owners (assumption). Larry Ellison is richer than these the other guys (fact). NBA owners that spend more money will eventually go into luxury tax. Luxury tax paying teams in NBA win championships.
E.g. Lakers just won consecutive championship paying luxury tax.
by warriorsfanSF on Jul 15, 2010 11:44 AM PDT up reply actions
E.g. Lakers just won consecutive championship paying luxury tax.
Lakers have Kobe Bryant. Lakers drafted Andrew Bynum. Lakers had Shaq, who they traded for Lamar Odom. Lakers traded peanuts for Pau Gasol.
Notice how none of those things have anything to do with Jerry Buss being rich?
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:47 AM PDT up reply actions
So they were not paying luxury tax
Not sure if you addressed that
by warriorsfanSF on Jul 15, 2010 11:48 AM PDT up reply actions
Break Down My Logic Please
Rich people spend. Spending in NBA means luxury tax. Luxury tax means winning in NBA (e.g. lakers). Ellison richest owner in all of sports. ellison would have meant luxury tax spending and winning.
by warriorsfanSF on Jul 15, 2010 11:50 AM PDT up reply actions
Rich people spend more: not true, as evidenced by Lacob and Guber outspending Ellison to buy the team. There is ZERO evidence that they will now, somehow, spend LESS than Ellison would have to run the team.
Luxury tax means winning: not true. The knicks have had one of the highest payrolls for years … they haven’t won squat. Other top ten teams in salary are Indiana, Dallas, and Charlotte.
You're ignoring the other teams that spend lots of money and didn't win the championship
Please stop looking at one team (the lakers) and one aspect of their team (that they pay luxury tax) and believing that that somehow makes that one thing important.
It does not. What is important in the NBA is acquiring talented basketball players through the draft and trades. These involve basketball decisions, not throwing money around.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:58 AM PDT up reply actions
This is certainly an interesting topic. I’d like to see the statistical correlation between money and winning in the NBA.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
Rich people spend.
Demonstrate that richer owners spend more than poorer owners in the NBA. When you start with an assumption that can be tested, but fail to do so, and an assumption that does not have to be true, you run the risk of everything following being a total load of dung.
Spending in NBA means luxury tax.
Reasonable.
Luxury tax means winning in NBA (e.g. lakers).
BIG logic problem here. Luxury tax does not mean winning a title. Winning a title usually (though the Spurs managed to do it without the tax) requires dipping into the tax, but it doesn’t mean that if you pay it, you’re going to win a title. It doesn’t even mean you’re going to be a winning franchise.
Sorry
I meant won the last two NBA championships
by warriorsfanSF on Jul 15, 2010 3:07 PM PDT up reply actions
Ritch [sic] owners spend more moeny than less rich owners (assumption).
Why not take a look at the assumption, one which you could actually look up.
Luxury tax paying teams in NBA win championships.
The teams that have won championships have more often been the ones that pay the tax. That is VERY different from what you just wrote. Most teams that pay the tax DO NOT win championships.
E.g. Lakers just won consecutive championship paying luxury tax.
Your assumptions led you to this but did you look at how much Buss is worth relative to other owners?
Paying the lux tax seems to be important to keep a successful team together. That’s a very different, more complex (and far less intellectual lazy) thing than “Lakers pay tax win championship” and drawing backwards from that that a billionaire would be a better owner.
+1
The Knicks had one of the highest payrolls in the league for years and were utter trash. Even if having a wealthier owner equated to a desire to go into the lux tax, going into the lux tax does not, in and of itself, guarantee winning. Knowing when to spend to keep certain key players is way more important. Therefore, more than an owner’s money is an owner’s willingness to trust his GM and other “basketball people” to tell him who is really important.
Sittin in my scraper watchin Oakland goin wild, ta-dow!
What Ellison brought is a guy who would be willing to spend to win- we’ve seen what cheapskate owners can do (look at Sarver and their sold-off 1st round picks).
This is fundamentally speculative, and, quite frankly, the evidence we have right now is that it’s not true.
If Ellison was that willing to spend to win, why was he not that willing to spend to get in the game? eg, if he was going to balk at paying the $10m or $20m more it would have taken to beat Lacob-Gruber, what makes you think he’s be so willing to go into the luxury tax to keep a team together?
if you don't think ellison was our chance at salvation
than your a straight idiot. die hard warriors fan as much as the rest of you. dont write here often, but read it. we’re done. if i’m wrong, good.
by warriorsfanSF on Jul 15, 2010 1:42 PM PDT up reply actions
if you don’t think ellison was our chance at salvation than (sic) your (sic) a straight idiot.
Dropping two basic grammatical errors in the same sentence where you call someone an idiot is unwise.
I don't care about proofreading
Straight from the heart
by warriorsfanSF on Jul 15, 2010 3:01 PM PDT up reply actions
I wish I knew how to do that quote thing
but I don’t really care. Only reason I came back on here is because this ownership change is the biggest thing to happen to the warriors in a long time. Can you at least agree with that?
by warriorsfanSF on Jul 15, 2010 3:06 PM PDT up reply actions
this ownership change is the biggest thing to happen to the warriors in a long time. Can you at least agree with that?
Sure, just about everyone can agree with that, but don’t take the fact that ellison din’t get it so hard, he’s inexperienced at basketball where the new owner is got a track record with the celtics. ellison is also not very sportsman like so he would probably bring bad vibes to our team. I think the new owners deserve a chance before we rip them a new one?
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 9:05 PM PDT up reply actions
I don't look to sports owners for "Salvation."
I think it’s naive to think that Ellison would come in here and do something fundamentally different from what Lacob and Gruber will do.
I don’t know why you are conflating Ellison with Jesus. It seems like a strange choice.
I would be very happy with either of these guys over Cohan.
now Ellison will buy the Kings and move them to San Jose.
Neal before Zod!
Official Sponsor of the 1997 San Francisco Giants
by nostocksjustbonds on Jul 15, 2010 10:18 AM PDT reply actions
watch stern offer Ellison the SONICS
and then we’ll all watch how a franchise is run
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 10:26 AM PDT up reply actions
Lacob's email
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 10:20 AM PDT reply actions
What??
Lacob also has a share in the Celtics.. that’s just cheating how could you do that?? You can’t have two teams in the NBA that sucks ass
When this sale is complete, he HAS to sell his portion of the Celtics. It’s mandated.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
I hope he brings some Celtic luck with him.
Confident Marco Belinelli supporter
Ode to Tim Kawakami
by Doctor Kajita on Jul 15, 2010 10:24 AM PDT up reply actions
Working with the Celtics has to be a good thing, right? He probably got to know the inner workings of a GOOD franchise. He was probably involved in some hires, too.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
Working with the Celtics has to be a good thing, right? He probably got to know the inner workings of a GOOD franchise. He was probably involved in some hires, too.
All right, DocRivers to the Warriors!!
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 11:13 AM PDT up reply actions
Peter Guber is a Film Producer
He used to host a show on AMC called “”http://www.amctv.com/originals/shootout/" target="new">Shootout."
"Even the Swedes are getting mad."-Randy Hahn
"It's very cozy in the sin bin."-Randy Hahn
People, people: this should be a joyous and monumental moment! Get your head straight! Ellison was the sexy pick, but think about it this way: Guber and Lacob were willing to shell out more money than Ellison. How is that not a great sign?? I hardly doubt they’d be willing to outbid LE and then suddenly become cheapskate owners who don’t give a crap.
The important thing is this: Cohan is out. We should be overjoyed.
yeah and now they will be SO MOTIVATED
to recoup their investments to our detriment. no going over the salary cap, higher ticket prices, same cheap, crap product on the floor
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 10:28 AM PDT up reply actions
thats true
people will be asking them questions about how much we all wanted ellison. Maybe that will light a fire under them to prove to us that they can be good owners. Its bittersweet.
+1
Seriously we had this dream of having the 6th richest man own our beloved team but we have to remember that all we really wanted was for Cohan to GTFO!!!
by bojangles408 on Jul 15, 2010 10:28 AM PDT up reply actions
Yeah, I think Warriors fans are a bit too angry at this
I’m not exactly overjoyed myself, having bought into the hype, but the important thing is that Cohan is gone.
There’s definitely a chance that they will be cheapskate owners. Being willing to bid more doesn’t mean they’re willing to spend more once they get the team. Of course, this could be said about Ellison too, though judging by his investments in his yacht team, it doesn’t seem that likely that he would be cheap.
That said, Cohan being out is certainly a cause for celebration. It’s what we wanted all along, right? Ellison would have been icing on the cake, but we have the cake!
Truth is, we don’t know much about Guber and Lacob yet.. Let’s give them a chance to show us what they can do, by say, firing Rowell first.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
agreed
anyone’s better than cohan was the mantra all year, no all of a sudden he’s out there’s an uproar?
Lacob is a managing partner at a highly respected VC and I don’t think he’ll do anything but make the franchise better.
If there’s anything Silicon Valley knows about private equity partners is that they will definitely invest.
BYE BYE COHAN
by MatrickParleau on Jul 15, 2010 10:33 AM PDT up reply actions
My First Reaction
Was disappointment, but I’m over it already. YESS!!!! NO MORE COHAN!!!! That is the first only time I have “internet screamed”.
Also, with Peter Guber, maybe we’ll start getting back the celebrities at Oracle. He has worked with one Ms. Alba…
I don't know if Ellison is out of the running yet
by GoldenSt8OfMind on Jul 15, 2010 10:39 AM PDT reply actions
Gut punch
I cannot explain the punch in the gut that the entire Warriors fan base just took. We suffer through 16 years of the worst ownership in sport, and are finally, FINALLY on the verge of something good…no, something great happening to our team, and at the last second, when we actually start to have hope, the rug is pulled out from under us and once again there is no light at the forseeable end of the tunnel. How did this happen? Why is there any reason to believe that these guys will be any better than Cohan? I suppose the quickest answer is, “they can’t be any worse!”, but that prompts the more painful question – “Could they be better than Ellison would have been?” And the answer is a heartbreaking, but resounding “No way.” Ellison would have been the greatest owner in the NBA. The fact that he wouldn’t overpay Cohan for this franchise isn’t evidence that he cares less than Lacob/Guber, it’s evidence that he’s not an idiot – that he is a smart, decisive businessman who won’t make stupid mistakes. So Lacob and Guber vastly overpay for a terrible franchise, what are we to expect when player contract time comes around? I haven’t been this hurt for a while. I really don’t know how much longer I can hold out hope that someday we’ll have something to be proud of in Oracle arena. My heart is broken.
The Bimbo Coles era has BEGUN!!!
Just curious?
What makes you think This Group is worse than Ellison? To say he was just being a smart business man by not bending over for Cohan could just as easily be conversely argued that he didn’t care enough about owning the Warriors that he wouldn’t pony up $450 Mil+?
The Team is estimated at a currently value of $315 Mil, however that is just the organization, considering location in the Bay area market, and possible growth by simply having a new regime, I can see how it easily topped the previous high of $401 set by the Suns in ’04.
So I’m not saying your opinion isn’t valid, however there is no certainty to this group not being just as good of an ownership than Ellison. It’s all speculative to this point, which now just a moot point.
I think there is now plenty room for optimism from our fan base! I’m excited to see the BRAND NEW GOLDEN STATE WARRIORS!!!! LGW!
Just a guess
What makes you think Peter Guber and Joseph Lacob are buying the Warriors because they are sports fans and want to win? There’s a difference in wanting to win because you want a championship and wanting to win to make more money.
Let me rephrase...
What makes you think Ellison was interested in buying the Warriors because his is a sports fan and wants to win?
Here, I’ll answer it for you:
The Warriors were sold at well over estimated value. This tells you a few things:
A. The folks that did buy the team did so because of more than just monetary reasons.
B. The folks that didn’t buy the team decided that the Warriors were not a good investment.
Therefore, Guber & Lacob decided that they really wanted the team to the extent that they ignored the financial reasons not to up their offer. Thusly, Ellison doesn’t care as much about the “other stuff” and is more concerned with the bottom line.
Tada!
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:12 AM PDT up reply actions
You're thinking like a fan
Not like a businessman. They’re not buying a jersey or a ticket, they’re buying a company. Point A is fatally flawed. Point B is spot on with the addition of “at $450M”. The true reason L/G bid so much is because they believe the franchise, as an investment, is financially worth 43% more than it’s current projected value. I, for one, believe that to simply be a poor, poor business decision and expect it to be the first of many in another terrible regime.
The Bimbo Coles era has BEGUN!!!
You're entitled to that opinion
However, given that the Warriors have historically been a terrible team that hasn’t done too much work to generate its fan support in the 5th largest media market in the US… I have a hard time believing that the team will not become immensely more valuable if the product on the court improves.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:22 AM PDT up reply actions
Why do you think it is “poor, poor?” It might be “optimistic, optimistic,” But this team had one of the highest attendance rates, even after 16 years of the second worst record in the league. A massive arena, no local competition, great T.V and radio packages, etc. It is not a stretch to think that this actually could be the most valuable franchise in the league if the on-court product is good enough.
Sittin in my scraper watchin Oakland goin wild, ta-dow!
I should have just wrote, “what he said.” Sorry.
Sittin in my scraper watchin Oakland goin wild, ta-dow!
And supporting this
Is their belief that the team is worth that much. They believe in the Warriors as a team and a business. Ellison did not believe as much. Ellison, to me, smacks as the owner who would have run this like a business. He made a business decision. The new owners did not completely make a business decision.
Furthermore, they’re worth a combined ~$4B from what I can tell… or twice as much as Mark Cuban. So… yeah, they’re pretty wealthy.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:42 AM PDT up reply actions
It's business
He had insider information on the true value of the franchise from current minority owners. He offered to buy the team before the team was even for sale. This isn’t a “biggest fan wins” transaction. If you’ve ever studied economics or game theory you may have heard of the winner’s curse. Summed up…NO ONE, not even company-eating Larry Ellison with his 26 billion dollars, obvious interest in the team, and inside peek at the franchise value, thought this team was worth $450 million dollars except Lacob and Guber. It’s 12% more than ANY NBA franchise has EVER sold for. Ellison didn’t get to be the 6th richest man in the world by making bad decisions. The fact that he seriously wanted the team, could have easily (in cash, likely) outbid Lacob and Guber, and yet didn’t, suggests to me that Cohan is laughing all the way to the bank and we now have another mindless ownership.
The Bimbo Coles era has BEGUN!!!
MY BIGGEST FEAR...
….being that Mandalay is in Vegas, is that these new owners have a masterplan to move the team to Las Vegas. I HOPE HOPE HOPE HOPE THIS IS NOT TRUE.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
Cool.
Thanks for the clarity.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
"Could they be better than Ellison would have been?" And the answer is a heartbreaking, but resounding "No way." Ellison would have been the greatest owner in the NBA.
haha, don’t make too much out of it, Ellison would just be the owner, not he coach or players. we probably won’t see much difference on way or the other. The 24 hour nautilus guy was actually the biggest fan of the prospective buyers so he’s probably the one we’d have enjoyed the most? I can’t recall ellison being much of a fan? and how about these new guys? anyone know them?
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 10:49 AM PDT reply actions
Lacob's
supposedly a very big basketball guy. I think the fact that he owned the Celtics says something about his love of the game. To be honest, how big of a fan are owners like Paul Allen, Donald Sterling and that Memphis guy. I’m okay with this. Lacob’s a bay area dude. And he’s made millions being an angel investor for companies like Amazon and Sun. I think he’ll do fine.
by t1andonlywall on Jul 15, 2010 10:52 AM PDT up reply actions
If...
the owner doesn’t make a difference, please explain the Chris Cohan era. The owner makes a huge difference. He is not the coach, he is the man who picks the coach (or the man who picks the man who…you get the point.) Same with the players. To not think we’d see a difference, between Cohan and Ellison or any other owner, is borderline crazy. I certainly hope that is not the case, given that we now have new owners and nowhere to go but up.
The Bimbo Coles era has BEGUN!!!
Well...
…he was obviously gonna go with whoever ponied up the most. I’m surprised Ellison backed down, frankly; say what you will, but Cohan needs all the money he can get to wriggle out from under his unpaid tax burdens, whereas an extra fifty million is a drop in the bucket for Larry.
Yeah...
what happened to all those rumors that Ellison never lost?
Chris Cohan... C-unit!
Ooops typo…I seem to have placed a couple of letters there where they shouldnt be…
I will change my Avatar when the Warriors are sold! So sell Cohan!!!
by BritWarriorGSW on Jul 15, 2010 10:53 AM PDT reply actions
COHAN IS THE GREEDIEST MAN ALIVE
UNREAL!!! These guys are here to turn a profit i’m guessing and not here to win!! at least ellison only wanted to do one thing, and that’s WIN!!! It’s amazing how even with Cohan out of the picture, he still finds a way to f*** us!!
Lacob will make money with this franchise
This is weak, there will be no more Roaracle, I’m personally done with this franchise, I’ll watch Curry break out and get the hell outta here, all we will have is monta ellis. I think the only thing we can do is this:
If this team continues to lose, if this team continues to make HORRIBLE decisions with their players, their coaches, their staff, their ticketing, etc. DO NOT SUPPORT THEM. There is no more pride in being proud of a machine build to exploit you and your loyalty.
so you'd rather watch a Cohan-run Warriors team than a Lacob-run one?
huhh, let’s see how the Warriors do next season before we make any assumptions on Mr. Lacob…
i continued to support
because i wanted this sale, now that the sale is about to be final, i’m not going to put up with any of that old same shit and i dont think anyone else should either, obviously mistakes will be made at first, but this team doesnt come in with a winning attitude and GOOD decision making skills, i’m done with the NBA all together
because of a new owner?
that may be just as bad as Cohan? hmmmm
Michael Jackson just died.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
I know.
I kid. I hope surprised everyone and buys the team from Mandalay. Probably won’t happen.
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Type the words RUN TMC in Ebay!
Pacquiao fans type MANNY CHANT in Ebay!
Whats their Networth?
And will they go over the luxury tax?
I have no clue of their networth.
Lacob and Guber don’t really have any good profiles to base their history on. I did find an interesting forbes report where Guber raked in about 450-500 million in the 2009 fiscal year.
i guess
those 2 or 3 that voted on the poll last nite were right…….reeeeeeeeally didnt see this one coming
KeWzEe
Just some words of encouragement
From a Suns fan -
Give the owners some time. Like all newbie owners they’ll probably make some mistakes – but don’t judge them by their profession.
Lakers – Jerry Buss – Chemist/Real Estate a.k.a. INVESTOR.
Celtics – Wycliffe Grousbeck – Venture Capitalist a.k.a. INVESTOR
Give em’ a shot.
They say "don't swim with the sharks", but I'm faster than sharks so it's not a big deal...
Thanks
We appreciate it.
Also, did you list your fantasy teams on your profile? That’s pretty hilarious.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
This is what happens when there are 500 million fanposts about what Ellison should do after he buys the team. I’m sorry but I gotta be hater on that. You all should have known better.
Whatever Sabean thinks about the IQ of the average baseball fan, you just proved him right.
by cybermaldonado on Jul 15, 2010 11:08 AM PDT reply actions
Haha, I remember being called a buzzkill yesterday for holding off on the celebration when Larry Ellison was “officially” the owner, citing a Chronicle article from two days before.
"I never watched baseball on TV. It's slow and boring. I'm not a fan. Never was." - Jeff Kent
FREE POSEY IS FREE
Not to mention, in the other thread people who voted that Ellison would not be the new owner were asked to never post on this site again. lolx.
Whatever Sabean thinks about the IQ of the average baseball fan, you just proved him right.
by cybermaldonado on Jul 15, 2010 11:11 AM PDT up reply actions
Foreal LOL
"I tell him straight, 'If you're going to lead, you have to be the first to practice. You have to come in, get your work down and be prepared for practice,' " assistant coach Keith Smart said. "He needs to figure out why he is having stomach problems and he's got to watch how LeBron (James), Kobe (Bryant) and D-Wade (Dwyane Wade) work. He needs to mimic that if he wants his teammates to speak volumes about him." -Keith Smart on Motna Ellis
I'm completely torn on how I'm supposed to feel right now.
Yes, thrilled Cohan is gone, but uncertainty lingers. Blah…didn’t see this coming.
Absolutely.
Anxiously waiting the press conference. I wanna see what they have to say.
by SigEpWarrior on Jul 15, 2010 11:14 AM PDT up reply actions
well
the only positive thing i personally can take from this is the $450M pricetag shows the new owners wanted the team…..because they want to profit from the loyal fans or turn this franchise into a winner is yet to be determined…..i wont quit on the warriors and cheer for a new team if its the same Shhh wit the new owners as it was with Cohan, i will just quit watching the NBA altogether and just watch Golden Bears instead F it….theres a lockout looming anyway
KeWzEe
Why are people pissed off over this?
New Owner? Check
Willing to pay top Dollar? Check
Bay Area Connection? Check
Sports Connection? Check
Team bought early? Check
"I tell him straight, 'If you're going to lead, you have to be the first to practice. You have to come in, get your work down and be prepared for practice,' " assistant coach Keith Smart said. "He needs to figure out why he is having stomach problems and he's got to watch how LeBron (James), Kobe (Bryant) and D-Wade (Dwyane Wade) work. He needs to mimic that if he wants his teammates to speak volumes about him." -Keith Smart on Motna Ellis
I wanna know
why we think Larry Ellison was going to be a “winner” instead of an “investor”. Yes, anything is better than Cohan, but what do we have to back up Larry Ellison being any better than these guys?
check the quotes above
i think we need to know more about the new owners, but like i said above, if there is no winning attitude, i’m done with the NBA
After My Intial Bout of Disappointment....
How I feel about this new ownership hinges on how fast Robert Rowell gets fired…
by ThermoElectro on Jul 15, 2010 11:12 AM PDT reply actions 6 recs
YES!!!
Confident Marco Belinelli supporter
Ode to Tim Kawakami
by Doctor Kajita on Jul 15, 2010 11:13 AM PDT up reply actions
This is ridiculous...
I can’t believe people are complaining about this. Lacob walks in and drops $450 million on the table and people think he won’t spend money on the team? This is a guy who made his money picking other companies to invest in and people question his decision making? Give the guy a chance, seriously. He wanted an NBA team just as bad as Ellison. He bought into the Celtics but I bet he eyed this franchise just as long as Ellison. PLUS, all reports say he is a huge basketball guy, which makes me inclined to think he wants to win.
Cohen is gone. Lacob is in. He will be good. Stop kneeling at the alter of Larry Ellison, it’s over.
by Just Chris on Jul 15, 2010 11:13 AM PDT reply actions 1 recs
+1
"I tell him straight, 'If you're going to lead, you have to be the first to practice. You have to come in, get your work down and be prepared for practice,' " assistant coach Keith Smart said. "He needs to figure out why he is having stomach problems and he's got to watch how LeBron (James), Kobe (Bryant) and D-Wade (Dwyane Wade) work. He needs to mimic that if he wants his teammates to speak volumes about him." -Keith Smart on Motna Ellis
He wanted an NBA team just as bad as Ellison.
actually more than Ellison who could have totally afforded to over spend if he was passionate about owning the Dubs.
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 11:18 AM PDT up reply actions
Yup
"I tell him straight, 'If you're going to lead, you have to be the first to practice. You have to come in, get your work down and be prepared for practice,' " assistant coach Keith Smart said. "He needs to figure out why he is having stomach problems and he's got to watch how LeBron (James), Kobe (Bryant) and D-Wade (Dwyane Wade) work. He needs to mimic that if he wants his teammates to speak volumes about him." -Keith Smart on Motna Ellis
Or they could be paying $450 million to continually fleece the fanbase...
Sustained ticket sales despite fielding a losing squad + revenue sharing. That and when they grow tired, they’ll eventually stand to profit since someone else will come in a buy the team for more…I’m painting a horrible image but it’s not a given that just because these guys came in and spent $450 million does it mean that they’re committed to winning…
by ThermoElectro on Jul 15, 2010 11:21 AM PDT up reply actions
Wow
Like everyone else I thought Larry had the inside track. This is outta left field man. Considering what they paid for I would spectulate that they stay in Oaktown though. And as a former Sonics fan, its reminiscent of Bennett’s group when he came outta nowhere to take the lead of the group and well……we all know the rest. The Warriors are safe in the Bay Area though.
Why were my comments here deleted?
Because talent? You want to add a guy like boozer because hes talented? I’m sorry i just don’t see that as a valid reason. -- fffindeed
were u one of the guys who voted against ellison in the poll yesterday?
apparently those guys arent allowed to post here anymore.. haha.
Didn't even see that poll
No I was having a pretty benign conversation with someone (even forget who) about whether the new owners are just buying the team as an investment or not. Wasn’t heated at all though.
Because talent? You want to add a guy like boozer because hes talented? I’m sorry i just don’t see that as a valid reason. -- fffindeed
by wallywagon11 on Jul 15, 2010 11:25 AM PDT up reply actions
Another point....
Lacob was a minority owner of the Celtics, so he wasn’t running the day-to-day operations, but being on the inside, he has to know what a joke the Warriors front office was. I bet he shows up on the first day and hands a cardboard box to Robert Rowell.
Larry would have wanted to win, but he's not a fan.
I’ve got a buddy who was on the BMW Oracle boat that won in Valencia back in February.
He works with Larry all the time, because Larry is PASSIONATE about sailboat racing.
Always has been.
Last year was the first time he had ever been to Oracle Arena, in spite of the fact that the building bears the name of his company. Not so much a basketball fan.
As we all know, he did have a master plan to relocate to a new arena down in Mission Bay, by the ballpark. So the massive outlay of cash it would take to build a new arena and move the team pretty much tied his hands and required he get a decent deal on buying the team.
Instead we got owners who think the team worth more right where it is. They will likely be looking to win right away, and they are FANS.
Larry is a great guy. Very competitive. But really not a huge hoops fan.
Instead we got owners who think the team worth more right where it is. They will likely be looking to win right away, and they are FANS. Larry is a great guy. Very competitive. But really not a huge hoops fan.
Wow, Thanks for this info. That makes it totally clear why Ellison didn’t go higher and also make it look better for our future. I’m happy with the deal.
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 11:32 AM PDT up reply actions
yeah..
If you wanted the team in SF, you should be bummed.
but otherwise, as fans who want the team better right now, we’re probably either better off or the same.
…depending on who Larry would have hired to make all of the decisions that have anything to do with what happens on the court. It wouldn’t have been him, that’s for sure.
With the possible lockout coming up
At least Lacob and Guber have some extra time to fully take reigns of this team.
Here's the new owner's Forbes profiles
http://people.forbes.com/profile/joseph-s-lacob/2934
http://people.forbes.com/profile/peter-guber/37514
Peter Guber hosts a TV show on AMC?
Anyway, looks like they make at least $750 million ( and probably lots more) a year between them
Whatever Sabean thinks about the IQ of the average baseball fan, you just proved him right.
by cybermaldonado on Jul 15, 2010 11:30 AM PDT reply actions
What we don't know...
is who else was privately invested in this bid. There could easily be more money behind Lacob and Gruber.
Wait a tic....
Ice Cube didnt buy the team? shucks
but he was able to get the Fat Burger, and despite being drunk as hell, there was no throwin up
Sittin in my scraper watchin Oakland goin wild, ta-dow!
and ole Kim can still fvck all night.
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 9:14 PM PDT up reply actions
We might have to start the new Cohan movement...
BRING COHAN BACK!!
I’m not happy about this.. not happy at all
Cryogenically freeze me and wake me up when Ellison has made an impact on the team!
so i take it that you're not signing my petition?
Being a Warriors fan is like cutting yourself... without the cutting
GRUBER LOST
3.2 BILLION RUNNING SONY and was paid 500 million to GTFO.
Someone has mentioned that Lacob will be a better owner than Cohan. How can you even say that when you turn around and dismiss everyone who is saying that Ellison would be the greatest owner ever WITHOUT ANY IOTA OF EVIDENCE? ITS THE SAME THING. I guess time will tell but I’d go for Ellison’s track record than any of these investors any day of the week.
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 11:38 AM PDT reply actions
that shouldve said
SONY lost 3.2 billion under Guber
my code name is "kelenna bahongpuki"
by VonteegoCummings on Jul 15, 2010 11:42 AM PDT up reply actions
Yeah
Let’s think of Cohan as a known quantity: A terrible owner. Think of it as you rolled two dice and came up 3. That sucks a lot.
Now, all the Ellison lovers are saying: OMGWTFBBQ!!! Ellison would have been fantastic! He is not a known quantity, yet people were expecting him to come in as a 10 or better.
All we’re saying is: Hey, we don’t know this new guy… but he’d have to be really bad to be worse than Cohan’s 3.
There are reasonable assumptions, and unreasonable assumptions. Nobody’s saying that Lacob/Guber has a 100% chance of being better than Cohan, but people were already assuming that Ellison would have had a 100% chance of being one of the better owners in the NBA.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 11:46 AM PDT up reply actions
Ellison
No one can say with certainty that Larry Ellison would have been a great owner who’d have brought championship banners to Oracle Arena. And no can say with certainty that Joe Lacob and Peter Guber will be poor owners on par with the disaster that has been Chris Cohan.
But I do think there’s good reason for people to be disappointed that Ellison will not be the next GSW owner.
We know two things about Ellison:
1) He has demonstrated an ability to win, and, more important, a drivenness to win. The lengths Ellison went to, and the unfathomable amounts of money he spent, in order to win the America’s Cup, were astounding.
2) He is wealthy. Not your typical run-of-the-mill NBA owner wealthy, either. He is wealthy in a way that said, “money will never, ever be an issue in making this team better”. This second thing is of lesser importance than the first thing.
It’s certainly possible that Lacob & Guber will prove to be even more driven to win with the Warriors than Ellison would have been. It’s possible they will have a better idea of how to build the Warriors into a championship team than Ellison would have had.
The problem is, there’s not much of a track record where Lacob & Guber are concerned. They look exactly like 90% of the other entities that buy major sports franchises. They look like a couple of rich guys whose primary interest is making more money. Ellison looked different. He looked like someone who wanted to win.
So…I guess we’ll wait and see.
There is one thing, however, of which I’m certain: If cleaning house—from Robert Rowell down through Don Nelson—isn’t one of the very first things that Lacob & Guber do, then as far as I’m concerned, the Cohan era has not ended, and we’ll know everything we need to know about Lacob & Guber, and about the Warriors’ future.
Why couldn't McCovey have hit the ball just three feet higher?
1) He has demonstrated an ability to win, and, more important, a drivenness to win. The lengths Ellison went to, and the unfathomable amounts of money he spent, in order to win the America’s Cup, were astounding.
One needs to be careful here. Look at Peter Angelos or even George Steinbrenner (the Yankees become a dynasty when Steinbrenner was suspended from day-to-day operations for three years!) and you’ll see that desire to win and resources to pour into the team are not always a winning combination.
The lengths Ellison went to, and the unfathomable amounts of money he spent, in order to win the America’s Cup, were astounding.
The Americas cup is notorious for two rich guys going at it to see who can spend more money. The NBA is not.
He is wealthy. Not your typical run-of-the-mill NBA owner wealthy, either. He is wealthy in a way that said, "money will never, ever be an issue in making this team better". This second thing is of lesser importance than the first thing.
Are you unaware that Lacob is a managing partner of one of the premier VC funds in the world? Are you not aware that he is worth 3.2B by himself (or 50% more than Mark Cuban)?
The problem is, there’s not much of a track record where Lacob & Guber are concerned.
Just because you haven’t heard of them until now, doesn’t mean they don’t have a track record. Please, for the love of GOD, do some research before making these types of claims. Joe Lacob has a job. A job in which it is his responsibility to identify good investment opportunities. This is his job. Ellison, on the other hand, helped to create an awesome database company. Which skill translates better to running a basketball operation in which you frequently have to make personnel decisions?
That was not a serious question. Of course you want the guy who’s been making critical investment decisions for 23 years over the guy who had one good idea and ran with it really far.
Trust me, learning english isn’t a waste of time. It is actually sort of useful.
-randolphforpresident
by Dubs fan in Boston on Jul 15, 2010 12:47 PM PDT up reply actions
OK
That’s great that you have confidence in Lacob. Good for you.
Personally, I think it’s a real stretch to say that an investment maven is somehow more likely to be a successful NBA owner than a database creator, a Hollywood exec, a cable TV bigwig, or a dogcatcher. But if you want to believe what you want to believe, please be my guest.
I’m just saying that the proof is in the pudding. If Lacob truly cares about winning, and if he knows how to make some good hires and bring in people who know how to draft, acquire and coach talent, then we’ll be way ahead of the game in comparison to where we’ve been these last 15 years. And I’m certainly open-minded enough to think that Lacob could turn out to know what he’s doing when it comes to building a championship-caliber NBA franchise. But, sorry, the fact that he has had dizzying success in the investments arena doesn’t get me all a-tingle. I think I’ll just wait and see what Lacob actually does with the Warriors before I start slobbering all over him.
The only other thing I’ll continue to reiterate: If the same cast of clowns, from Rowell to Nelson, are still in place a year from now, I’ll know everything I need to know about Joe Lacob.
Why couldn't McCovey have hit the ball just three feet higher?
I would consider Rowell already gone.
He was always the voice of Cohan.
Nelson’s the interesting one. Can he be replaced before the sale is final? A coaching change would have to happen at least a week before training camp – minimum.
But if you’re going to replace Nelson, it makes sense to replace Riley, too … unless you’re ready to commit to Riley for multiple years. You usually want to give a GM the option of picking his coach.
The lengths Ellison went to, and the unfathomable amounts of money he spent, in order to win the America’s Cup, were astounding.
and also turned a lot of sailors off on the whole cup thing. winning in style is a lot more impressive than winning like a bully. and don’t forget that ellison is not a long term basketball guy. If he has any interest in the warriors it’s probably just a passing fancy or ego trip?
Lights please, lights please, turn off the lights.
by Skeptic con Urquell on Jul 15, 2010 9:20 PM PDT up reply actions
Read the book about Peter Guber
Hit and Run
How John Peters and Peter Guber took Sony for a ride in Hollywood.
Look, if they can legally scam other people to the benefit of the Warriors, I’m all for it.
Confident Marco Belinelli supporter
Ode to Tim Kawakami
by Doctor Kajita on Jul 15, 2010 11:44 AM PDT up reply actions
Heads Up
All these rich guys are crooks.
At least by the common man’s definition. Of course, they have the money so they make the laws…..
Whatever Sabean thinks about the IQ of the average baseball fan, you just proved him right.
by cybermaldonado on Jul 15, 2010 12:11 PM PDT up reply actions
Mandalay Pictures produced Donnie Brasco!
However if these guys make some bad moves this offseason we can always bring signs to the game that say “I know what you did last summer!”
I read in TK's blog in the comments section
That the new ownership is planning on hanging onto the current staff (management+coaching) according to Steinmetz (can’t find the primary source)…Any truth to that?
it gets worse and worse...
hmm those LeBron Miami jersies are already for sale right?
i kid. i kid..
Being a Warriors fan is like cutting yourself... without the cutting
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