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Billionaire Larry Ellison Wants to Buy the Warriors
Filed under: Celebrity Shopping, Sports
The Golden State Warriors are for sale and billionaire Larry Ellison wants to buy, so what's the problem? It seems current team owner Chris Cohan is asking for too much money. He wants $400 million for the team today when he paid only $120 million when he bought it back in 1995. I'm no expert in valuing sports teams but that does seem like quite a jump, especially when the team has hardly been doing amazing things over the last 15 years.
Ellison seems determined, however, having been in talks with Cohan since last summer. He also seems a little frustrated, though, saying "I'm trying, I'm trying," and "Unfortunately you can't have a hostile takeover of a basketball team."
If Ellison does become owner of the Warriors his net worth of $22 billion will make him the richest NBA team owner in history.
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