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BREAKING NEWS: Joseph Lacob and Peter Guber outbid Larry Ellison to become new ownership group of Golden State Warriors

Originally posted Jul 15, 2010 11:45 AM PDT


Peter Guber, CEO of Mandalay Entertainment, is part of a group that won the bid for the Warriors.


When I woke up today, I thought all I had to do was write an open thread for the final game of Summer League 2010. Instead, I find out that the Warriors are being sold to Larry Elli... er Joseph Lacob and Peter Guber...?!? Surprise, surprise!

According to Marcus Thompson II, the price of the Warrior went up higher than what Larry Ellison wished to pay for, so Joseph Lacob's group jumped in and outbid Larry Ellison.

How do you feel about this development? Vote please!

Story links

Marcus Thompson II: Joseph Lacob outbids Larry Ellison to become new owner of Golden State Warriors

Marcus Thompson II: Warriors Sold … Not to Larry Ellison

Tim Kawakami: Warriors sold for $450M: It’s Joseph Lacob and Peter Guber, not Larry Ellison (what now?)

Matt Steinmetz: Ellison Out, Lacob-Guber New Warriors Owners

Adam Lauridsen: Cohan’s Gone — We’ll Sort the Rest Out Later

19:47 min: Matt Steinmetz with Gary Radnich on KNBR

- press release, with background on Lacob and Guber. Galatioto Sports Partners Secure Purchase Agreement

Matt Steinmetz: Warriors' Cohan Era Ends in Bid Controversy

18:55 min: Marcus Thompson II with Fitz and Brooks on KNBR

- Sal Galatioto brokered the sale of the Warriors. He talks about Larry Ellison's late bid.
12:51 min: Sal Galatioto with Damon Bruce on KNBR

- MT2 interviews Joe Lacob.
Marcus Thompson II: Joe Lacob: "We’re all about winning"

My thanks

Thanks to all of you for keeping the fanshots and/or fanposts updated with this news while I whip up this front page story for everyone. It's been fast and furious today, so there are too many of you to thank. Most likely more info will come in later in the day, so keep those eyes peeled on the news!