I think I’ve been waiting to write this post since before we even started this blog. FINALLY it’s been reported that the Warriors have a new owner, and shockingly it’s not Oracle founding billionaire, Larry Ellison. Instead it’s Joseph Lacob who is currently a partial owner of the Boston Celtics that teamed up with Peter Gruber of the Mandalay Entertainment to outbid Larry Ellison to the tune of $450M. He will have to sell off his stake with the Celtics, but that’s a mere formality. It’s going to be approved by the league since Lacob already has a stake in another NBA franchise.
Aside from that magical 2007 season there wasn’t much to cheer about over the years. The Warriors made a habit out of trading away talent for poo poo platters, and suffered through watching disgruntled employees/players argue with management about any topic you could think of from winning to contracts to injuries. I’m truly glad the former owner Chris Cohan owed the IRS about $160M in unpaid taxes or this may never have happened! Alas, here we are about to finally begin a new era in the Bay Area. An era where the owner hopefully cares about the team winning! Lacob will have a very low bar to raise, and with a great fanbase already in place ready to praise his every move, I’m positive he can’t get as many things wrong as the previous regime. I’m somewhat sad that Ellison didn’t outbid Lacob, but in the end, as we saw with Prokhorov being a billionaire owner doesn’t mean guys will just flock to your team. I’m still shocked that Ellison didn’t oubid them, since he’s worth $28 billion, and reportedly there was a difference of $20-$50M differnce in the bids, which is less than a percent of his total worth. I guess it was rumored he did not want to overpay Cohan and reward him with a failure bonus. Either way I couldn’t be more extatic that this has all come to an fruition, and we actually have a future to look forward to.
Next up: Make a pitch to Kevin Pritchard to be our GM, and fire lame duck coach Don Nelson. I don’t hate Nellie or anything, but we all know how he rolls in his last year of a contract. If you forgot, just ask any Dallas fan!