New owners negotiating with the Giants

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Role Player
Posts: 392
» Sun Jul 18, 2010 8:35 pm
This could be the first step towards a SF arena.

The group that successfully bid $450 million for the Warriors continues to talk to potential limited partners, among them the Giants, The Chronicle has learned.

As the paper reported in April, the Giants had communicated with a number of potential bidders for the Warriors as the sale process unfolded. Among those with whom the Giants spoke was the group that won the bidding, headed by Joe Lacob and Peter Guber.

The Giants are interested in an alliance that could range from simple sponsorship and marketing arrangements to a direct investment that would give the Giants a minority stake in the NBA franchise.

Also on the table might be a deal to build an arena for the Warriors on land just south of AT&T Park, although that was not thought to be a pressing topic in the talks. The Giants are part of a group that owns the right to develop that property.

The Lacob-Guber group must win league approval to buy the Warriors. However, a source familiar with the process said an agreement with the Giants need not be formalized before the sale is complete.


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All Star
Posts: 2562
» Sun Jul 18, 2010 8:45 pm
Maybe we can get Sabean to be our GM too!!!! Wooho!

Rookie
Posts: 118
» Sun Jul 18, 2010 9:09 pm
Smart business, regardless of where it may (or may not) lead.

edit: wow, this was a meaningless post. I hope this leads to a greater partnership which ultimately gives the owners their best possible revenue source which is an arena in SF -- for both NBA and non-NBA revenue.

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