WARRIORS SOLD TO GUBER AND LACOB, NOT LARRY ELLISON

I don't blame Ellison for not meeting Cohan's price. These guys wanted the Warriors more, whether that's good or bad, we will see.

I'm bummed.

 

I'd be surprised if he wasn't required to give up his stake in the Celts. No question that whoever these guys are, they will be better than Cohan, but that's a real opportunity that passed. Even if they have money to spend, it's going to hurt them while trying to attract talent. Would you rather come work for LARRY ELLISON or [anonymous group of absentee investors]? They also may have no interest in building a new stadium in a better location, something that Ellison surely would have done. So I'm not happy.

 

Kawakami says that Lacob will be the head guy and Guber will be in a secondary role.

 

Wow, I just heard. The news has not sunk in yet. This is a shocker for me. Cohan is gone, but it's not Ellison who's the owner. It doesn't feel like a win, but a wait and see with the new owners . Unbelievable.

I gotta think it was Cohan and his greedy tactics that's why Larry didn't bid any higher. What a last FU from Cohan!!!

 

Before this all started to shape up, we were all saying we would take a half-eaten bag of Fritos corn chips over Cohan.

So, while the vision of the endlessly rich Ellision pouring millions and millions of dollars into the franchise seemed exciting, the truth is, I am just glad Cohan is gone.

I am glad that new ownership is coming into place, because that will mean new commitment, security, and identity.

And I say let's give this new group the benefit of the doubt. We know one thing for sure: Ellison really wanted GS, but these guys wanted GS even more than he did. That says something. And besides, who buys a new franchise and then says "No, we are not committed to winning, we are buying this just for profit, don't get your hopes up." You have to believe they have high hopes for this franchise.

We all thought Ellison wouldn't be stingy. Well, he was more stingy than Lacob. The first move we have seen by Lacob is that he's willing to spend. I mean, he paid apparently a lot more than the other offers on the table. He really wanted this to get done. I can't imagine he just saw it as a super business deal he couldn't pass up. In fact, given the lockout and the estimated value of the franchise, it might not have been the best business move. He probably over-paid.

So that's a very good sign to me, from a fan perspective. If Cohan were on the other end of this, as a buyer, he would've dropped out long ago with his penny pinching way for fear that he couldn't turn a profit.

This is a huge, gutsy move by Lacob, IMO, and I like his willingness to go for it.

Also, the fact that there are two names mentioned might be a good thing. I know Lacob is primary, but I like co-ownerships, sometimes, if both guuys are involved, like the Maloof brothers. They can keep each other in check.

Until evidence to the otherwise, I'm excited about these guys.

 

I agree with everything you said AO, but this feels like the Warriors all over again. We always seemed to get screwed from the best. It's like having the top 4 lottery pick but your ball comes out a spot early. Its like the warriors drafting Todd Fuller all over again, Ike Diogu, and maybe even Udoh. Clearly, this group might be better than Cohan, but as we all know, its hard to find someone better than Ellison

 

I understand Cohan, but I'm at a loss to explain why Ellison didn't bid higher. I wish he would be interviewed and explain. Then I would feel better. Maybe not. If Ellison says, I didn't trust Cohan and I felt like I was bidding against myself, then it would be worse. One last gigantic FU by Cohan!

If Lacob and Gruber can turn this franchise around, then it's all good. It doesn't matter it's not Larry Ellison. For example, I can't say billionaire Prokhorov is knocking everyone's socks off with his moves. Lacob sounds like a smart guy. Hope he's for winning.

 

I agree with AO, this may not be as bad as it seems.

-- Ellison didn't outbid everyone, as he easily could have, which means he wouldn't necessarily be the "win at all costs" owner we thought he would be. Lacob maybe overpayed, but he got it done, isn't that what we want? (Plus, actually, considering the profit Cohan made on the franchise, these guys will surely cash in big time when they sell anyway, so $450M is not outrageous at all if you're not impatient).

-- Lacob appears to have a passion for basketball and has a track record of building a winner in basketball (witness bold moves like bringing in Garnett-Pierce-Allen). Ellison appears to have neither. He may have a passion for "winning", he has a passion for sailing, but not necessarily for the game of basketball. How many Warriors games did he go to? One.

Bottom line is this should be the happiest day in 16 years for Warrior fans, don't let the LE involvement get you down. I'm going to give these guys the benefit of the doubt for now, I'm anxious to hear Lacob speak about things and the real key will be who they install for GM, President, and head coach, that will tell us a lot. Oh and please please dump Fitz while you're at it too.

 

Are you kidding me?

http://blogs.mercurynews.com/kawaka...ut-on-warriors-sale-i-was-the-highest-bidder/

 

Did you hear what Ellison said?

Larry Ellison confirmed today he is not purchasing the Golden State Warriors.
Despite Ellison making the highest monetary bid, current owner Chris Cohan has selected a different offer.

"Although I was the highest bidder, Chris Cohan decided to sell to someone else. In my experience this is a bit unusual. Nonetheless, I wish the Warriors and their fans nothing but success under their new ownership," said Larry Ellison.

http://www.marketwire.com/press-rel...-Not-Buying-Golden-State-Warriors-1291044.htm

 

Unbelievable. The sale still has to pass league approval...

But, I don't think it matters. Ellison won't be the owner.