Will the Golden State Warriors Sale Be The Largest NBA Purchase Ever?

Chris Cohan seems to be milking the Warriors sale for all it's worth. Totally in his character. Steinmetz again with the down-low.

Cohan has an offer on the table -- one that exceeds $400 million -- but he is holding up the deal in the hope of bumping up the sales price even further. Ellison, along with the current minority owners of the Warriors, remains the frontrunner to buy the franchise, but another candidate remains in the mix.
 
A Warriors source told CSNBayArea.com on Tuesday that Mandalay Entertainment Group chairman Peter Guber was the other finalist. Also involved in that group is Joe Lacob, currently a minority owner with the Boston Celtics.
 ...
 
The source who said Cohan is delaying the process did indicate the situation is fluid and that things could change quickly. However, at this time the source said there was concern about getting the deal done by the weekend.
 
...

One thing seems certain: If a deal does get done it will top the $401 million that the Phoenix Suns fetched in 2004, the highest purchase price for an NBA franchise.

Good news for Warriors fans--the higher the deal, the more likely Ellison will be the only one willing to go that high. The bad news is that Ellison might not overbid. Still highly likely it'll be his team, but don't pencil it in yet.

Trending Discussions

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SB Nation Bay Area

You must be a member of SB Nation Bay Area to participate.

We have our own Community Guidelines at SB Nation Bay Area. You should read them.

Join SB Nation Bay Area

You must be a member of SB Nation Bay Area to participate.

We have our own Community Guidelines at SB Nation Bay Area. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.