Joe Lacob And Peter Guber: Meet the New Boss, Not the Old One

July 16th, 2010 by Ashwath Krishna Leave a reply »
I've been without my computer for the past day, so only when I logged in this evening did I hear the glorious news.

After 15 years of misery under the yoke of Chris Cohan, the Golden State Warriors had finally been sold...wait...Larry Ellison isn't the buyer? 


Like almost every other Warriors fan, I had been under the impression that we would be entering the Ellison Era. While this possibility didn't excite me as much as everyone else—I admit to having been suspicious of Ellison's motives to buy the team—I was completely stunned when I realised that he wasn't the owner.

Even more surprising was his later statement that he had been the highest bidder but Cohan chose not to sell to him.

Instead, the team was sold to an investor group led by venture capitalist Joe Lacob and Mandalay Entertainment Group chariman Peter Guber.

I don't know anything about the sale process, finances or any stuff like that (business school dropout in the house!) so I'm not going to comment on that (although I did read that while Ellison did eventually outbid Lacob/Guber, he did so after the bid deadline ended).

Read Full Article at Bleacher Report - NBA
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