WARRIORS SOLD TO GUBER AND LACOB, NOT LARRY ELLISON

How does this happen? I'm so confused.

 

WTF!!! can the higher authorities do something about it?

 

I'm okay with Lacob and Guber if they won fairly. I think there should be an investigation into the bidding process by the NBA if what Ellison says is true and he got his bid in on time. Otherwise, how can you say it was fair?

 

According to Sal Galatioto on Damon Bruce's show, Ellison submitted his "winning bid" weeks past the "deadline."

This sounds all very fishy to me. Sal Galatioto said he is friends with Lacob and seemed to defend Chris Cohan.

Ellison got screwed and Cohan screwed us one last time.

 

Supposedly, Ellison submitted the winning bid "three minutes too late." Per Matt Steinmetz. Oh well.

Anything is better than Cohan.

The new guy is not an idiot, he's the managing partner of one of the biggest venture capital firms in the world and one of the best, Kleiner Perkins (took Google and eBay public). Glad to see he's an avid hoop fan. Go W's!!!

Now let's see them clean house.

 

Sounds to me like Stern didn't want another Mark Cuban in the league.

The only reason for Cohan to take the lower bid, was that Stern told him the Ellison bid would not be approved by the league.

Damn, the NBA is turning into boxing or pro-wrassling. I feel for the Warriors' fans - they have been through enough crap already.

 

I think Stern most definitely wanted Ellison in the league.

 

That's an awful lot of speculation, I have no idea where you got that from. There's probably a lot we don't know about this yet (and may never).

 

Yeah, I'm thinking this it it.

 

I have no idea what the truth is, but that sounds like the most likely explanation to me also. And I'm sure he wants everyone to think he was the top bidder, of course he doesn't want it to look like the world's sixth richest man decided to get cheap when it counted.

 

Yeah, I believe that statement by Ellison has a lot to more to do with PR than it does about commenting on the sale.

 

What's lame is the deadline. What's the point of the deadline? I understand that once you go into contract, there are contingencies in place... But there's no way that Cohan Lacob and Gruber went into contract before Ellison got his counter in. That's absurd. Even now... I'm sure there are provisions in place that would allow Cohan to void the contract and accept (or leverage) Ellison's offer...

Just doesn't make any sense. Maybe Cohan didn't trust Ellison's financing (I can't imagine why). Maybe there are other incentives/assets in the Lacob/Gruber deal that make in more appealing (percentage of stakes in companies, or...?)

Because the other explanations don't make sense. Besides, With a super-mega million dollar super deal like this.... there is NO WAY Ellison just happened to miss the deadline. Absolutely not possible. Cohan's people would've been breaking down Ellison's door, saying, "hey, this Gruber guy is serious, he's got his offer in, do you plan on countering or what?"

Obviously they would have been desperate to get Ellison's response, because obviously he would've offered more millions. And that's the whole friggin point, right?

I mean, even with $1 million real-estate deals, you have buyers, sellers, lenders, agents, bank representatives, all on the horn, wheeling and dealin, getting shit done in a matter of minutes...

edit: Here's Cohan's financial adviser with an ass-brained comment:

If I were Cohan, I would slap this asshole. Are you serious? Yes, I would get back on the court and shoot that fuckin ball, you idiot! Are you seriously acting like you were trying to be as scrupulous and safe as possible, when Cohan has been having a money-hungry fire-sale this whole time? That's retarded.

Okay, you're selling your car. Someone calls you and offers you $6,000. You agree. They call the next week to say they are coming by to finish the deal. You hang up the phone, and hear a knock on the door. Someone offers you $8,000 for the car. You say, "oh, I'm sorry, the dealing time has already expired. I was planning on selling this car by today at 4:00pm, and it's already 3:50pm, and... yes, I see you have the money, but...by the time we work this out it will be past 4:00pm, so... No, sorry."


There's just NO WAY Cohan's team just happened to accidentally not allow Ellsion to give them an additional $20 MILLION or some such in a counter bid. That's absurd. And insulting.

Something else went on here. I hope David Stern denies the sale, lol. And then Cohan is forced to go grovelling back to Ellison.

But, if it does go through, it sounds at least pretty god with these new guys. I especially liked this:

 

Here's the CSN interview: http://www.csnbayarea.com/pages/video?PID=60OW2ehv0UvaQNLUsnhyR2Qe2ECekA4T

 

Joe Lacob has already spoken more to the public than Chris Cohan did in his entire tenure. I like Lacob's attitude. He's a lifelong GS fan, his kids have grown up Warriors fans, he's a season tix owner, and he has really, really wanted to own a team for a long time. It's sounds like he's got a fan-mentality, and it sounds like he really wants to turn this thing around. This is exciting!

 

I do love his thoughts about "we all think we can do it better [than the current owner]" and "bringing respectability on the court." He's a local who has watched the same garbage we have and gets it. I'm excited. Dance with "who brung ya" as the saying goes, not the one who did not (Ellison).