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Report: Warriors franchise value reaches $800 million

Aug 17, 2013, 3:30 PM EDT

Denver Nuggets v Golden State Warriors - Game Six Getty Images

When Joe Lacob and Peter Gruber paid $450 million for the Golden State Warriors back in 2010, many thought they overpaid substantially for one of the NBA’s more downtrodden franchises.

The Warriors, after all, had just two winning seasons in the past 16 years up until that point, and while they’ve managed to retain one of the more passionate fan bases in the league, the location of the team in Oakland didn’t seem to be all that appealing to those observing from the outside.

It’s amazing how quickly perceptions can change. And with new Kings owner Vivek Ranadive forced to sell his minority share in the Warriors, the franchise’s valuation has nearly doubled in just three short years.

From ESPN.com:

Less than three years after the two agreed to pay the highest price ever for an NBA franchise, the team is now valued at $800 million, according to a source with knowledge of the terms.

The new valuation comes from the price Silicon Valley venture capitalist Mark Stevens agreed to pay for a share of the team that was made available when former partner Vivek Ranadive had to sell it to buy the Sacramento Kings in May.

In a way, Ranadive’s agreement to pay about $550 million for 72 percent of the Kings and their existing arena helped his old partners sell their stake for even more. The $800 million number is still surprising, given that Forbes magazine valued the Warriors in January at $555 million. Warriors spokesman Raymond Ridder declined to comment on the new valuation or the percentage that Stevens bought.

Franchise valuations are a tricky thing, because all you can do is estimate what the price tag might be, based on what other franchises have sold for in recent transactions.

What can never be truly accounted for, however. is what someone might be willing to pay for even a share in an NBA franchise under the right set of circumstances. In the case of the Warriors, they’ve quite suddenly become one of the more attractive teams to buy into, and their current value is now reflective of that.

  1. flickflint - Aug 17, 2013 at 3:48 PM

    This is good but I bet they could double this 800 Million mark if they let Lil B suit up and coach

    • deavn - Aug 17, 2013 at 4:03 PM

      “Lil B taught me everything I know.” – Michael Jordan

    • 00maltliquor - Aug 17, 2013 at 4:28 PM

      Stop it! Based God Lil’ B? The wackest rapper on the planet/of all time Lil’ B?? You’re talking about the W.O.A.T.?

      • dangernearing - Aug 17, 2013 at 5:38 PM

        The WOAT NAH. Nick Cannon takes that prize.

      • cullenand99 - Aug 18, 2013 at 12:22 AM

        Once you accept Lil B as your lord and savior you will realize the truth. #BASED

      • 00maltliquor - Aug 18, 2013 at 12:34 AM

        Blasphemy!! LOL

        Lil’ B makes Vanilla Ice sound like KRS-One. Real chop.

      • gangstaturnip - Aug 18, 2013 at 12:51 AM

        As a friend of Lil B’s I come in peace as is the way of the truly Based. I kindly ask you to refrain from such negativity as nothing good comes from it. Once you know and are true to yourself, you will then know BasedGod, and you too will see the error in your ways #ProtectBasedWorldAtAllCost

      • cullenand99 - Aug 18, 2013 at 7:00 PM

        The Based God is the truth. He is a combination of Jesus, MLK, Nikola Tesla, Einstein, Isaac Newton, Chuck Norris, Mozart, Pablo Picasso, and Socrates. Lil B is mankind’s magnum opus. Rakim Allah wishes he was half the MC Lil B is. If you can’t understand the Based God’s art then maybe he is just #2Deep4U, he’s on that Marianas Trench swag. Lil B is so amazing that he got the mythical Jay Electronica to praise him. And like Jay Electronica, Lil B has also saved my life. #TYBG #RARE #BASED

        “Show ‘em the truth but can’t make ‘em believe it yo…” — Mos Def

  2. 00maltliquor - Aug 17, 2013 at 4:29 PM

    Cash out!!

  3. adamsjohn714 - Aug 17, 2013 at 4:36 PM

    Franchises are appreciating by hundreds of millions of dollars in a few years, yet the lockout was necessary because the owners couldn’t turn a profit? Right…. They get public funding for arenas even though sports franchises are proven to not add any economic benefit or stimulation to the community (yet these are the reasons specifically cited when asking for public funds).

  4. flickflint - Aug 17, 2013 at 5:19 PM

    Based God has spent the past 3 summers training LeBron, Lil B would easily average 50 points, 20 rebounds, and 20 assists if he played for the Warriors

  5. misterdreamer119 - Aug 18, 2013 at 10:58 AM

    Sad that the warriors are worth more than the raiders.

  6. im2gr84u2h8on - Aug 18, 2013 at 9:40 PM

    Cash out and time to buy the Lakers.

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