*OFFICIAL WARRIORS SOLD THREAD*

Discuss anything related to Golden State Warriors basketball here

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» Tue Mar 23, 2010 12:03 am
first off wrote:
8th ave wrote:lol.... im checkin this thread every hour for updates... i'm surprised it's only on it's 4th page! i thought this one might've hit the record for "fastest to 100 pages."


yeah this site really needs an RSS / "subscribe to this thread" feature. hey mods/hobbes, any chance of that happening in the not-to-distant future?


yeah... that would definitely be cool
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» Tue Mar 23, 2010 12:13 am
bada wrote:I would love that as well TMC but I dont think there is any way it could happen before the draft. I would assume a best case scenario would be late August but even that is probably too optimistic.


Oh, yes, I know. I was just thinking aloud...

Still, it SHOULDN'T take that long, as there's already a buyer in place and money shouldn't be an issue (its availability, more than money itself, which will definitely be an issue). But I guess they'll take the slowest, more painful approach with the hopes of getting the best deal between all sides, unless Ellison is in a rush and is willing to overpay to get it done sooner (which surely won't happen).
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» Tue Mar 23, 2010 12:32 am
There is a link near the bottom where it says, "Watch this topic for replies." So you'd get e-mail updates on the thread.
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» Tue Mar 23, 2010 12:34 am
xbay wrote:There is a link near the bottom where it says, "Watch this topic for replies." So you'd get e-mail updates on the thread.


Yeah, forgot about that... probably because I've never used it, as I have to check all the threads anyway. 8)
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» Tue Mar 23, 2010 12:36 am
TMC wrote:
xbay wrote:There is a link near the bottom where it says, "Watch this topic for replies." So you'd get e-mail updates on the thread.


Yeah, forgot about that... probably because I've never used it, as I have to check all the threads anyway. 8)


I accidentally clicked it once and noticed my e-mails kept compiling up. I was wondering why the heck that was happening.
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» Tue Mar 23, 2010 9:26 am
8th ave wrote:weak! it was just a 10 second segment of matt saying how new owner = new hope... DUH!


new hope?? is that a Lucas reference?
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» Tue Mar 23, 2010 12:45 pm
just found this on espn insider.


The Warriors announced yesterday the team will go up for sale. So just how much will the franchise go for?

Well, Michael Jordan just acquired the Bobcats for a reported $275 million. Back in 2004, Robert Sarver's ownership group bough the Suns for $401 million -- an NBA record.

So taking that into consideration, one source told Marc J. Spears of Yahoo! Sports that the Warriors price will exceed that of the Suns because of "the attractiveness of the Bay Area market."

Frank Hughes of Sports Illustrated writes that "sources have told SI.com that Cohan previously was seeking at least $400 million."

So yes: As of now, earlier estimations would put the Warriors somewhere over the $400-million range.



i think it's bs... i read somewhere that ellision is only offering 325 mil, and that it's not his "style" to have a bidding war. i also read somewhere (probably the same article) that he doesn't pay more that what he think the team is worth...

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» Tue Mar 23, 2010 6:36 pm
8th ave wrote:just found this on espn insider.


The Warriors announced yesterday the team will go up for sale. So just how much will the franchise go for?

Well, Michael Jordan just acquired the Bobcats for a reported $275 million. Back in 2004, Robert Sarver's ownership group bough the Suns for $401 million -- an NBA record.

So taking that into consideration, one source told Marc J. Spears of Yahoo! Sports that the Warriors price will exceed that of the Suns because of "the attractiveness of the Bay Area market."

Frank Hughes of Sports Illustrated writes that "sources have told SI.com that Cohan previously was seeking at least $400 million."

So yes: As of now, earlier estimations would put the Warriors somewhere over the $400-million range.



i think it's bs... i read somewhere that ellision is only offering 325 mil, and that it's not his "style" to have a bidding war. i also read somewhere (probably the same article) that he doesn't pay more that what he think the team is worth...


Ellison would analyze and bid on Acme Tractor Tires, Inc. in a careful, business-like way. If Acme wanted an inflated price, Ellison would walk away. But, a sports franchise is totally different. This is far more compelling purchase and the chance to buy it only comes up every decade or so.

All the bidders have a strong personal desire, really a need, to buy this team. They could buy 300 McDonalds franchises, but they want to buy the Warriors. Ellison may not like getting into a bidding war, but I'll bet he would participate.

Ellison and the others will bid it up higher than what they want, but they will keep bidding. Cohan, who couldn't have done a worse job in building up the value of the franchise, will make a huge amount of money despite himself. It was smart of him to get the agency involved.

The other thing we fans might think about is would we rather have a strong individual own the team or some sort of faceless management group, essentially a corporation, running it? Who would have the passion and who would be strictly involved with the numbers? I think I would rather have Ellison own it rather than a group, so I am rooting for Ellison.
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» Wed Mar 24, 2010 8:46 am
More from Tim K

______________________________________________________

Warriors update: Sale unlikely to be finalized by July, so it’s Rowell-Riley-Nelson for a while longer
Posted by Tim Kawakami on March 23rd, 2010 at 3:20 pm | Categorized as NBA, Warriors

Given the large dollars and anticipated posturing involved, can the Warriors’ sale possibly be finalized by mid-July?

“I’d be stunned if this gets done (by then),” said one well-connected source.

Sure, there might be a prospective/likely buyer identified by then–if it’s quick, it’ll almost certainly be Larry Ellison, the man Chris Cohan is trying to lure into a $400M+ valuing.

But there’s still a process, and it usually isn’t a lightning-quick one.

Ellison’s last bid was with a $315M valuation. That was eight or nine months ago, and Ellison apparently hasn’t moved since then.

So let’s presume that the hiring of a firm to auction the team might not necesarily put Ellison into warp speed, unless there are other groups ready to blow past the $315M number. Maybe there are.

But even if there are several large bids, you have to figure there will be negotiations, delays, stare-downs, bluffs and all sorts of mega-poker performances in this situation.

We’re nearing the end of March. The “book”–written up sales proposal by Galatioto Sports Parnters–hasn’t even been composed yet. Bidders are emerging, but nothing formal is close to beginning.


Again: For this process to be finalized in three months… well,that’s pushing it. Cohan is not known as a “push it” kind of guy, if that means getting a nickel less than he wants.

Hmm. Let’s run through the timetable of known NBA dates…

-The NBA Draft is June 24, and the Warriors should have a top-5 pick.

-The player movement/free-agency period starts July 8, and teams can start talking to free agents July 1.

-The best coaching candidates probably will be gobbled up by mid-May.

And who will be calling the shots for the Warriors during this whole period–an incredibly important period, when decisions have to be made about Don Nelson, Monta Ellis, Anthony Randolph and Andris Biedrins?

You guessed it: Robert Rowell, Larry Riley and Don Nelson. The ol’ gang again!

Even if a likely buyer is identified, he couldn’t make personnel decisions or fire execs (even somebody who has committed 25 fire-able offenses) or hire anybody until he’s approved by the NBA.

So yep, the Warriors are likely to be in a holding pattern right in the middle of the movement period.

That would be strange. New Jersey went through a similar situation for most of this season–after the announcement that the team was for sale, then the tentative purchase, then the NBA Board of Governors approval–so it can be done.

But look at the Nets’ record. And that’s with an established front office, Rod Thorn and Kiki Vandeweghe.

What will Rowell, Riley and Nelson do during the limbo period?

My guess: They’ll have a decent idea about the prospective new owner and they will probably be under orders by Cohan to make sure they don’t do anything that worsens the financial situation.

That means nothing too creative, and probably no major deals. That probably means losing the chance to make some important changes this off-season.

But it also gives the new owner the chance to make his own decisions on Ellis, Biedrins and the rest.

* Earlier, I called a top NBA executive to discussing W’s sale options, which he was curious about, too.

But before we could get to the meaty stuff, the executive had to interject: “Tell me–why in the hell did the Warriors waive Raja Bell?”

He really wanted to know and his exasperation was palpable.

I told the exec that the Warriors are short-handed and figured they’d keep Devean George’s 6 minutes a game, and they had cut somebody else because Reggie Williams had to get a guaranteed deal.

Bell wasn’t playing and wasn’t going to play, so that’s who they dumped. I always feel dumb trying to explain dumb Warriors moves to other teams, but there ya go. I did it.

But after talking to the exec, this is what I gleaned from his thinking, which is definitely shared among NBA circles…

-Why would the Warriors wait to do this after March 1, when Bell is no longer eligible for a playoff roster?

-Sounds like W’s could’ve traded him (for something like a pair of 2s–not much, but still of some value) at the deadline, but turned down any offer because they decided they had to keep Bell around.

At least that’s what they told other teams.

“I thought they loved him and wanted him,” the exec said.

-Or at the least, the Warriors could’ve waived Bell before March 1 so he could be playoff-eligible.

That doesn’t mean Bell definitely would’ve been a rotation player on a playoff team… but I believe some teams would’ve strongly considered scooping him up as perimeter-defense insurance.

Bell recently said he probably wouldn’t have been available for the playoffs, but there’s no certainty in that and it’s moot, since he never got the chance, anyway.

-But in one of their traditional panics, because they needed George in this great thundering stretch drive, the Warriors waived Bell AFTER March 1.

By waiving Bell, the W’s also burned up his “Bird rights,” which might’ve been valuable in a sign-and-trade situation this summer.

Teams interested in acquiring him were also interested in Bell’s “Bird rights,” also for sign-and-trade purposes of their own in this epic summer of LeBron, but waiving Bell means his “Bird rights” go away.

-In summary, the Warriors didn’t get a draft pick or two for Bell at the trade deadline because they decided they couldn’t lose him, then they didn’t waive him in time to make him playoff-eligible, then they waived him anyway.

But they’re desperate to re-sign him in July and might use some of their valuable mid-level exception to do it.

Because they have nowhere else to turn. Because of repeated dumb stuff like this.

By the way, Adam Lauridsen was on this from the start.

As Rowell & Co. start to head out the door, this is just another typical moment when the Warriors wasted a player’s value.

Don’t worry. Only a few more months left of the ineptitude.
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» Wed Mar 24, 2010 9:00 am
8th ave wrote:i think it's bs... i read somewhere that ellision is only offering 325 mil, and that it's not his "style" to have a bidding war. i also read somewhere (probably the same article) that he doesn't pay more that what he think the team is worth...


carlgo wrote:Ellison would analyze and bid on Acme Tractor Tires, Inc. in a careful, business-like way. If Acme wanted an inflated price, Ellison would walk away. But, a sports franchise is totally different. This is far more compelling purchase and the chance to buy it only comes up every decade or so.


In reference to these two quotes, it really depends on whether it gets personal for Ellison. I think him being represented as purely "tactical" and "calculating" is not accurate. He also is an emotional guy who when something gets personal, he MUST WIN... AT ALL COSTS. He has often made poor buisness decisions just to claim victory and has grossly overpaid to win.

Case in point is the Peoplesoft acquisition which I lived through as a long time employee of PSoft. His initial valuation was around 5 billion ($16/share). After a heated and lengthy battle, he ended up paying over $10 billion. At that price most analysts questioned whether it was a wise business move but it got personal for him and he was going to hostily takeover peoplesoft any way he could.

SO there is hope he will go higher. DO IT LARRY.

Anyway, if anyone is interested, here is a timeline of the hostile takeover of Peoplesoft. It was quite a soap opera

http://searchcrm.techtarget.com/news/90 ... tion-trail
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» Wed Mar 24, 2010 5:44 pm
True. Another great example is the Americas cup. He lost, hated it, so spent 250million dollars on a superboat and cr back and won it the following year

a good investment? Lol no- he just hates losing
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» Wed Mar 24, 2010 8:17 pm
Quazza wrote:True. Another great example is the Americas cup. He lost, hated it, so spent 250million dollars on a superboat and cr back and won it the following year

a good investment? Lol no- he just hates losing


Yup, 250 mil could get you 2 Lebrons.

I think if Cohan doesnt sell we could take him to one of those UN courtrooms under criminal charges against humanity.
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» Thu Mar 25, 2010 4:55 am
All this potential Larry Ellison ownership excites me so much, but it pisses me so much that we have to sit through the summer with the 4-headed monster still... Riley, Rowell, Cohan, Nelson.

Just gotta be patient and it'll pay off.
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» Thu Mar 25, 2010 5:58 am
xbay wrote:All this potential Larry Ellison ownership excites me so much, but it pisses me so much that we have to sit through the summer with the 4-headed monster still... Riley, Rowell, Cohan, Nelson.

Just gotta be patient and it'll pay off.


you've waited what? 16 years... whats 5 more months :)
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» Thu Mar 25, 2010 6:02 am
first off wrote:
xbay wrote:All this potential Larry Ellison ownership excites me so much, but it pisses me so much that we have to sit through the summer with the 4-headed monster still... Riley, Rowell, Cohan, Nelson.

Just gotta be patient and it'll pay off.


you've waited what? 16 years... whats 5 more months :)


No, you forget, Xbay is 12. :wink:

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