Sep 13, 2010, 6:21 PM EDT
Here’s the report, courtesy of the San Francisco Business Times’ Eric Young:
NBA owners reportedly will vote on the sale of the Golden State Warriors by the end of October, which would give the new owners control just as the new season gets underway.A vote to approve the deal would finalize the $450 million price, according to the SportsBusiness Journal.The Warriors’ purchase is led by Joe Lacob, a partner at venture capital firm Kleiner Perkins Caufield & Byers, and Peter Guber, the CEO of Mandalay Entertainment Group.The deal was announced last July. The NBA board of governors is scheduled to meet in New York City on Oct. 20-21. At least three-fourths of the NBA’s 30 owners must approve the deal.The Warriors 2010-11 season begins Oct. 27.
The sooner this saga can end and the Warriors’ ownership situation is completely resolved, the better. One thought: with the vote happening at the end of October, Lacob and Co. won’t have a lot of time to make major changes for the 2010-11 season. We’ll see how this all ends up playing out.
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