Warriors Sold For $450 Million!

[Pugz]

Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment, have won the bid for the NBA's Golden State Warriors, a source close to the sale has told CNBC.

The purchase price is $450 million, beating out the previous record of $401 paid for the Suns. Oracle CEO Larry Ellison was widely considered the favorite, but Lacob and Guber had the winning bid.

Via CNBC

wow

 

[.GR]

Damn, lot's of money.

 

[Mooche]

Holy <Censored>. That is a lot of cash...

 

[monta8curry]

Well at least Cohan's gone.