Area for news articles related to the Warriors
Moderators: Mr. Crackerz, JREED, Guybrush, hobbes
-
All Star
Posts: 1129
Joined: Thu Aug 05, 2010 4:53 pm
Poster Credit: 26
|
 Posted: Thu Jan 06, 2011 5:13 pm
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/01/06/SPTB1H4IPC.DTL&feed=rss.warriorsSan Jose Hornets? Snubbed in his bid to buy the Warriors when the franchise was sold to Peter Guber and Joe Lacob in July for $450 million, Oracle Corp. CEO Larry Ellison has now set his sights on buying the New Orleans Hornets. Forbes reported Wednesday that Ellison, who is worth $27 billion, could buy the Hornets and move the team to San Jose. One reason the Warriors sold for a record NBA price is that the new owners could get $100 million-$150 million from an owner bringing a second team to the Bay Area, a source told Forbes. The Hornets, who were bought by the league for $310 million last month, have a lease at the New Orleans Arena that expires in 2014. The franchise is enduring big losses and low attendance and could be moved to a market with better demographics and more corporate sponsor opportunities. If Ellison moved the team to San Jose, he could immediately share a building with the Sharks. San Jose would also offer plenty of sponsorship revenue and an increased TV market that would boost media revenue. Read more: http://www.sfgate.com/cgi-bin/article.c ... z1AItOLxWV
"Hard Work Beats Talent, When Talent Doesn't Work Hard"  : 2010 - 2011
|
|
|
-
Moderator
Posts: 2243
Joined: Wed May 19, 2010 4:21 pm
Location: Belgrade, Serbia
Poster Credit: 27
|
Posted: Thu Jan 06, 2011 7:23 pm
Are you gonna switch a team then? 
|
|
|
-
Hall of Famer
Posts: 20894
Joined: Thu Jul 21, 2005 7:50 am
Location: Perth
Poster Credit: 21
|
Posted: Fri Jan 07, 2011 2:35 am
In a way I'm all for it. That franchise needs to improve financially obviously and if a move to northern california works, it is a viable move
  migya make the ring fall on ya |
|
|
-
All Star
Posts: 1129
Joined: Thu Aug 05, 2010 4:53 pm
Poster Credit: 26
|
Posted: Sat Jan 08, 2011 12:36 am
Guybrush wrote:Are you gonna switch a team then?
Nah I'll always be a warrior fan, but that may be my #2 team.
"Hard Work Beats Talent, When Talent Doesn't Work Hard" : 2010 - 2011
|
|
|
Return to News Articles
Who is online
Users browsing this forum: No registered users and 0 guests
RSS
Chat
FAQ
GSW Hoops Fan's Profile
