Way before Chris Cohan, the Golden State Warriors' current owner, decided to release the sell-the-Warriors statement on March 22 that sent a buzz throughout the Bay Area, Larry Ellison, CEO of Oracle Corporation, had bid for a $315 million buy of the team last summer.
Highly respected San Jose Mercury News columnist, Tim Kawakami, first reported the Ellison bid.
However, with Cohan's intent now crystal clear not only for Warriors' fans, but for NBA commissioner David Stern as well, Ellison apparently will not be the sole bidder to buy the franchise.
He may be the front runner, but he faces other potential bidders as well.
According to Kawakami, "at least five or six other groups have expressed tacit interest over the last year." Those groups were told to hold on to officially expressing their intent to buy the Warriors until the time is right.
Cohan's announcement should give the green light to those groups to engage in the bidding process.
But the most interesting perspective with this lies in the fact that the price tag Ellison offered to Cohan at $315 million might not be enough to force the deal to go thro ...
Read Full Article at Bleacher Report - NBA
Article written by Khalid Shakran
Larry Ellison Not The Only Potential Buyer For The Golden State Warriors
March 23rd, 2010 by Khalid Shakran Leave a reply »
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