Now that the team won the NBA championship with a Game 6 victory over the Boston Celtics, many are wondering who he is and how much he is worth. Golden State Warriors owner Chris Cohan did just that in 2010 by bringing in Galatioto Sports Partners, which had handled the sale of many teams in the past. Joseph Steven Lacob (born January 10, 1956) is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). The purchase shocked the world because it was. Lacob gave Guber, who owns a smaller share, all but equal standing because Guber brought four decades of connections in movies, music, sports and media to the deal. The Warriors'. Before buying the Warriors from Chris Cohan for $450 million in 2010, Lacob was a minority owner of the NBA's Boston Celtics for five years. After the backlash, he responded on Twitter and explained that he realized his comments lacked empathy and that he recognizes that human rights matter., As CNBC noted, the Biden administration calls Chinas abuse of Uyghurs and members of other Muslim minorities widespread, state-sponsored forced labor and mass detention. The White House also announced a diplomatic boycott of the 2022 Winter Olympics, set to occur in Beijing, due to what it calls ongoing genocide and crimes against humanity., Palihapitiyas stake in the Warriors is approximately 10 percent. Analytical cookies are used to understand how visitors interact with the website. The reason I think that is we dont do enough domestically to actually express that view in real tangible ways. Hes also the founder and CEO of Mandalay Entertainment. The small ownership group has previously consisted of tech leaders, including legendary investor and Accel partner Ryan Sweeney, and Atlassian co-founder Mike Cannon-Brookes in addition to the Miller family. Per the report, Snyder has no intention to sell. The Sri Lankan billionaire venture capitalist acquired a, Thats to say that a player can earn significantly less than the minimum, if hes on a multiyear deal that nets him a lower salary per year. Who owns the Golden State Warriors basketball team? The rest of us dont care. The New Orleans Pelicans were the lowest-valued team ($1.6 billion), while 12 teams are worth more than the average figure of $2.87 billion the Miami Heat ($3 billion), Raptors ($3.1 billion), 76ers ($3.15 billion), Houston Rockets ($3.2 billion), Mavericks ($3.3 billion), Brooklyn Nets ($3.5 billion) and LA Clippers. It's a site that collects all the most frequently asked questions and answers, so you don't have to spend hours on searching anywhere else. Not until we can take care of ourselves will I prioritize them over us. In re-listening to this weeks podcast, I recognize that I come across as lacking empathy. So until we actually clean up our own house, the idea that we step outside of our borders about somebody elses human rights track record, is deplorable., In a statement to CNN on Monday, the Warriors distanced themselves from Palihapitiyas comments: As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly dont reflect those of our organization.. Palihapitiya, who was born in Sri Lanka, later backtracked. Here are the 10 richest owners in the NBA. 1 Who are the minority owners of the Golden State Warriors? All Rights Reserved. Boston Celtics center Enes Kanter Freedom was one of the prominent critics of Palihapitiyas comments on the Uyghurs. Thats to say that a player can earn significantly less than the minimum, if hes on a multiyear deal that nets him a lower salary per year. 2? Arctos Sports Partners is increasing its stake in the Golden State Warriors, to 13% from 5%, according to multiple people familiar with the agreement. "The money part didn't really matter to me because from a pure business standpoint the NBA is doing great," Rodgers said. As a refugee, my family fled a country with its own set of human rights issues so this is something that is very much a part of my lived experience. In July 2010, ESPN announced that Guber and Lacob reached an agreement to buy the Warriors for $450 million. The Great Recession briefly turned the NBA into a buyers market, and the Charlotte Hornets, Brooklyn Nets, and Washington Wizards all sold for between $200 million and $310 million in 2010. The team generated $765 million in revenue and $206 million operating income during the 2021-2022 season, both the most in NBA history. Copyright IBTimes 2023. Copyright 2023 Market Realist. 2 Who owns the Golden State Warriors basketball team? Before buying the Warriors, Lacob was a part-owner of the Boston Celtics, co-invensting in 2006 and present for the team's 2008 championship. I sold an initial tranche in [December 2021] and last week I sold my remaining stake to existing investors, Palihapitiya wrote. In [November 2021], after 11+ years, I began a process to sell my ownership in the Warriors. The cookies is used to store the user consent for the cookies in the category "Necessary". Golden State Warriors minority owner Vivek Ranadive is photographed in the fourth quarter of Game 6 of the Western Conference semifinals at Oracle Arena on Thursday, May 16, 2013, in Oakland . Following an outpouring of criticism on social media, Palihapitiya addressed his comments on Twitter, posting a statement with the caption reading in part: Important issues deserve nuanced discussions.. You bring it up because you really care, and I think its nice that you care, the rest of us dont care, Palihapitiya said, while Calacanis reacted in surprise. Last month, the owners of the Golden State Warriors quietly approached the National Basketball Association for approval to sell a minority stake in the team not to another business mogul, but to The Golden State Warriors owners are Peter Guber and CEO Joe Lacob. Their investment group made a bid to buy the NBA team in 2010. 3, 2021 11:23 a.m. Golden State Warriors owner Joe Lacob speaks during the ribbon cutting ceremony of the Chase Center Tuesday, Sept. 3, 2019, in San Francisco. Get your seats to Golden State Warriors games with SI Tickets; This year, after getting healthy, Wiseman only played in 21 games for Golden State prior to the trade, averaging just 12.5 minutes . He began his sports career with the NBA's Los Angeles Lakers and the NHL's Los Angeles . "Nobody cares about what's happening to the Uyghurs, OK?'' 1.2billion USD (2021) The deal, believed to be the first private equity investment in an NBA franchise, values the team at roughly $5.5 billion. Lacob made the majority of his money from working at venture capital firm Kleiner Perkins Caufield & Byers. We also use third-party cookies that help us analyze and understand how you use this website. Owner. A minority owner of the Golden State Warriors, Chamath Palihapitiya, also has political aspirations. Both of them are co-executive chairmen of the organization. Lacobs purchase of the Warriors was the largest sale of a team in the league's history at that time. Pushing Lowry has obscured the life and reputation Stevens had built. Chamath Palihapitiya speaks during an interview following VirginGalactic Holdings Inc.'s initial public offering on the floor of the New York Stock Exchange in New York, U.S., on Monday, October 28, 2019. A minority owner of the Golden State Warriors is getting shredded on social media for callously admitting he does not care about Uyghur genocide in China. I cant beat him in a bidding process, Lacob told Cohan. Golden State Warriors operating income from 2001/02 to 2021/22 (in million U.S. dollars). In [November 2021], after 11+ years, I began a process to sell my ownership in the Warriors. On the latest edition of his All-In Podcast, Palihapitiya dismissed the situation in China, which is accused by the U.S. of genocide and crimes against humanity because of the treatment of the Uyghurs Muslim minority population in the Xinjiang region in northwest China. Full stop., Enes Kanter says he will change his name to Enes Kanter Freedom and become US citizen. Coming in at No. The Warriors appeared destined to land in the hand of one of the richest men on the planet, but he was outmaneuvered by a group led by two businessmen who took a big chance with a maverick move. John Christopher Cohan (born January 2, 1950) is an American entrepreneur who was founder of Sonic Communications and was owner of the Golden State Warriors of the NBA. Billionaire Chamath Palihapitiya, a minority owner of the Golden State Warriors alongside majority owners Peter Guber and Joe Lacob, expressed what he called "a very hard, ugly truth" about China's treatment of its Uyghur minority-Muslim population in the Xinjiang autonomous region. Guber and Lacob are the majority owners of the Golden State Warriors. 1. Offers may be subject to change without notice. You also have the option to opt-out of these cookies. The Warriors are said to have 15 investors in total, including Joe Lacob and Peter Guber, who own 35 per cent and 20 per cent of the team respectively. Chamath Palihapitiya, sometimes hailed as the King of SPACs, has faced backlash following his dismissive comments about human rights abuses happening in China. He is a 59-year-old venture capitalist, a husband and the father of three children. Related Questions. But opting out of some of these cookies may affect your browsing experience. Chamath Palihapitiya, a venture capitalist who owns 2 percent of the NBA franchise, expressed cold indifference to the plight of the Uyghurs, an ethnic Muslim minority that has been persecuted in. Businessman Chris Cohan purchased the Golden State Warriors in October 1994 for $130 million, but he didnt enjoy much success on the court. "As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly don't reflect those of our organization,'' the Warriors said in a statement. As a representative of the Warriors' cash-drenched fan base and part . Palihapitiya, a billionaire investor, has a small stake in the Golden State Warriors. Palihapitiya, a wealthy investor and entrepreneur is an investor in the NBAs Golden State Warriors, but only in what the franchise leadership calls a limited capacity. Did you encounter any technical issues? "No one cares about genocide" is, to put it lightly, a concerning stance to take, but it is the stance that billionaire and Golden State Warriors minority owner Chamath Palihapitiya chose to . You bring it up because you really care, and I think thats nice that you care. What are the physical state of oxygen at room temperature? 6 How many championships have the Golden State won? pic.twitter.com/27j2GxGhCU, David Sacks, the third co-host of the podcast, said that if you bring up everything that is happening with the Uyghurs, Americans care but it is not at the top of their minds.. What skills do you need for school cheer? A previous version of this story incorrectly stated the size of Palihapitiyas stake in the Warriors. Rosen was influential in guiding Magic Johnson Enterprises to be recognized as one of the most successful minority business companies in the country. Michael Jordan, who is now the majority owner of the Charlotte Bobcats, became a minority owner of the. 2022 - 2023 Times Mojo - All Rights Reserved One of the only certainties in pro sports is that your favorite teams front office will screw up. Ranadiv is the founder and former CEO of TIBCO Software, a multi-billion dollar real-time computing company, and of Teknekron Software Systems. Chamath Palihapitiya, a part-owner of the Golden State Warriors, did no favors for the NBA's public relations woes on China by declaring "nobody cares" about the oppressed Uyghur minority. Is it easy to get an internship at Microsoft? Of all the things that I care about, it is below my line., When @NBA says we stand for justice, dont forget there are those who sell their soul for money & business like @chamath the owner of @warriors,who says Nobody cares about whats happening to the UyghursWhen genocides happen, it is peoplelike this that let it happenShame! Freedoms comments have prompted a backlash in China, with Celtics games being pulled by Chinese video streaming site Tencent and the government criticizing Kanters comments. Both of them are co-executive chairmen of the organization. Rodgers politely declined to say how much he invested, but Edens and Lasry bought the Bucks for about $550 million in 2014. I acknowledge that entirely. James has earned more than $1 billion during his 18-year career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but that doesnt make him a billionaire. Tony Ressler, Atlanta Hawks. All Rights Reserved. The Sacramento Kings, Milwaukee Bucks, Los Angeles Clippers, and Houston Rockets all subsequently broke the record, but the Golden State Warriors turned NBA valuations on their head by selling for $450 million in 2010. Why Do Cross Country Runners Have Skinny Legs? LeBron James, who has major film and apparel businesses tied to the China market, called Morey misinformed and not educated on the subject. They have a value of $1.3 billion and there has been 0% change during 1 year. That the man turned out to be a minority owner of the Warriors was only more fitting, playing into the owners-vs.-players battle that has only intensified as more players have been able to utilize . Who are the minority owners of the Golden State Warriors? CNN has learnt Palihapitiya owns 2% of the Warriors. Irv Kosloff, the majority owner, sold the team to Fitz Dixon in 1976. When co-host Jason Calacanis said President Bidens statement about the Uyghurs was one of the stronger things hes said, Palihapitiya interjected that nobody cares about them. Los Angeles Lakers minority owner Philip Anschutz is selling his 27 percent stake in the team to Mark Walter and Todd Boehly, two of the owners of the Los Angeles Dodgers, according to Scott . To be clear, my belief is that human rights matter, whether in China, the United States, or elsewhere. Goodell allegedly signed off on a $50 million loan for Snyder in 2018 that was disputed by Washington's minority owners. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". When Chris Cohan put the Golden State Warriors up for sale in 2010, billionaire businessman Larry Ellison became the immediate leader in the clubhouse. Your effort and contribution in providing this feedback is much "We came back [to the Finals]. How much is the Golden State Warriors worth? Enes Kanter #13 of the Boston Celtics reacts before the game against the Washington Wizards at TD Garden on October 27, 2021 in Boston, Massachusetts. Guber has produced or executive produced successful films including Rain Man. However, what I can tell you is that Xinjiang affairs are purely Chinas internal affairs, and we will never tolerate any external interference.. The 201516 Golden State Warriors season was the 70th season of the franchise in the National Basketball Association (NBA), and its 54th in the San Francisco Bay Area. In a podcast, Palihapitiya made comments about the ongoing treatment of the Uyghur Muslim minority ethnic group in China. The Sri Lankan billionaire venture capitalist acquired a ten per cent share in the Warriors in 2010 for US$25 million as part of the US$450 million takeover deal. Warriors minority owner under fire for comments, The paths of KD and Kyrie: How one month changed three franchises and two superstar legacies, 'Not going out this way': Nets, down 28, stun C's, Kerr touts 5-0 homestand: Dubs 'turned a corner', KD: Mavs tilt, Kyrie meeting 'just another game', Owner: Snyder, Fields will bring Hawks success, Isaac has surgery on adductor, done for season, Clips' Powell out at least a week to treat shoulder, LeBron to have tendon injury checked in 3 weeks. The Warriors are now worth $7 billion, said Forbes, 25% more than last year. According to Forbes, Lacobs net worth as of May 30, 2022 is $1.5 billion. Some clarifying comments: "In re-listening to this week's podcast, I recognize that I come across as lacking empathy. The NBA has approved Arctos Sports Partners ' purchase of approximately 5% of the Golden State Warriors, according to multiple people familiar with the sale. Shame!''. This website uses cookies to improve your experience while you navigate through the website. Of the three major sports leagues in the U.S., the NFL, NBA, and MLB, only one principal owner is black. Warriors minority owner under fire for comments on Uyghurs By JANIE McCAULEY January 18, 2022 SAN FRANCISCO (AP) A Golden State Warriors minority owner who said "nobody cares" about the Uyghurs in China is under fire and the team is distancing itself from him. Ap/Jed Jacobsohn. But every time I say that I care about the Uyghurs, Im really just lying if I dont really care.. "Ratings are doing great. He is worth $2.3 billion, according to . Warriors Investor Chamath Palihapitiya Responds to Criticism Over Comments on China's Uyghurs - WSJ News Corp is a global, diversified media and information services company focused on creating. CNN has learnt Palihapitiya owns 2% of the Warriors. Thats what the majority owners of the 30 NBA teams have done. Thats a luxury belief, Palihapitiya responded. Lowry discussed the matter further in his postgame press conference and LeBron James sounded off on social media, quickly citing the double standard that exists been conduct allowed by fans and conduct allowed by players. "When @NBA says we stand for justice, don't forget there are those who sell their soul for money & business like @chamath the owner of @warriors who says `Nobody cares about what's happening to the Uyghurs.' In the next 11 years, under Katz' ownership, the team won one NBA title and was a contender for some time. When his co-host Jason Calacanis brought up and praised President Bidens firm position on these human rights abuses, Palihapitiya admitted to indifference about that issue, saying its not a priority for me.. Chamath Palihapitiya is a Bay Area entrepreneur who was an original member of the Facebook management team. Nobody cares about whats happening to the Uyghurs, okay? Shame!, Visit CNN.com/sport for more news, features, and videos, When asked for their reaction to Palihapitiyas comments, Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian said at a briefing on Tuesday: I have not heard the relevant information you mentioned. owner Joe Lacob The Golden State Warriors have distanced themselves from comments made by Chamath Palihapitiya, a part owner who said that nobody cares about whats happening to the Uyghurs.. June 6, 2019 10:49 AM PT. The Warriors appeared destined to land in the hand of one of the richest men on the planet, but he was outmaneuvered by a group led by two businessmen who took a big chance with . As per Forbes, the 66-year-olds net worth stands at $1.5 billion. TimesMojo is a social question-and-answer website where you can get all the answers to your questions. Two years later, they won the first of their three league championships in a four-year span. With that, Lacob is considered a billionaire today, and his wealth is estimated to be around $1.2 billion. The stagnant pricing ended when Cohan put the Warriors up for sale and a billionaire entered the picture as the presumed buyer. The Golden State Warriors have traded forward David Lee to the Boston Celtics in exchange for forward Gerald Wallace and guard Chris Babb, the team announced today. The cookie is used to store the user consent for the cookies in the category "Performance". Home | About | Contact | Copyright | Report Content | Privacy | Cookie Policy | Terms & Conditions | Sitemap. The NBA announced that Warriors minority owner Mark Stevens would be banned from attending all games and league activities for one year and is subject to a $500,000 fine, after shoving the Raptors . Kimball Kjar, majority owner of the Utah Warriors, was an All-American Collegiate Player in 2001. Net Worth: $5 billion. Full stop.''. After an intense back-and-forth, Cohan accepted a final offer of $450 million. This is probably the most meaningful [title].". I care about [empty shelves at grocery stores]. Images from the scene appear to show Warriors minority owner Mark Stevens sitting in the number 88 folding chair on Wednesday night when Toronto Raptors guard Kyle Lowry flew into the stands. The exact breakdown of the franchise's minority owners isn't known, though the team told The Athletic's Zach Buchanan in April 2020 that "around 10" minority partners. Who are the minority owners of the Golden State Warriors? Palihapitiya made the comment on the All-in Podcast on Saturday, after co-host Jason Calacanis brought up US President Joe Bidens very strong stance on the alleged human rights abuses faced by the Uyghur minority in China. Golden State swiftly reacted Monday by saying Palihapitiya's views aren't reflective of those of the team. Bernard Arnault & family. The Warriors are currently the NBAssecond most valuable franchise according to Forbes, which gave the team a valuation of US$5.6 billion in its most recent list, meaning Palihapitiya will have made a significant profit on his investment. Palihapitiya is listed as an executive board member on the Warriors website. Chamath Palihapitiya becomes an owner of the Golden State Warriors. Golden State Warriors owners Joe Lacob and Peter Guber stand with team president and COO Rick Welts, Stay up to date with our daily newsletter, Golden State Warriors owner Joe Lacob is exploring multiple options for the draft, Why Jerry West? Before buying the Warriors from Chris Cohan for $450 million in 2010, Lacob was a minority owner of the NBA's Boston Celtics for five years. Jun 17, 2015, 8:39 AM. 11:30 PM EST, Tue January 18, 2022, Warriors' minority owner walks back comments on Uyghurs. The Bills are ranked as the leagues least valuable team, at $2.27 billion. Updated The cookie is used to store the user consent for the cookies in the category "Other. Calacanis said its a sad state of affairs if people cant care about global human rights. This article is a list of principal owners of National Basketball Association teams: On this Wikipedia the language links are at the top of the page across from the article title. A close-up view of the Warriors team logo. Under the ownership of Eric Watson, between 2000 and 2018, Watson . The fastest growing NBA franchise is also the Golden State Warriors, with a 100% increase in valuation since the 201718 NBA season ($3.5 to $7 billion). The NBA did not respond to CNN request for comment. The Golden State Warriors public relations team is distancing the franchise from minority owner, Chamath Palihapitiya, after the billionaire boldly stated "nobody cares" about the Uyghur. Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team. The Golden State Warriors Will Pay an Extra $68 Million for a $14 Million Player. Joe Lacobs Warriors legacy depends on next coach, Japan 'Happy Science' Cult Leader Okawa Dies: Media, Exclusive-IndiGo Pits Boeing Against Airbus In Record Jet Order Talks, Tech Wars Turning Cycling Into Formula One, Revolut Auditor Flags Concern About $576 Million Of Revenue In Long-delayed 2021 Accounts, Delta Pilots Ratify New Contract, Raise 'The Bar' For Rival Airlines, Before buying the Warriors from Chris Cohan in 2010, Lacob was a minority owner of the Boston Celtics, Lacobs purchase of the Warriors was the largest sale of a team in the league's history at that time, Under Lacob's ownership, the Warriors won four championships. All bids were due July 6 and all four bids topped $400 million, according to Galatioto. A 1 percent share of that price would equal a $5.5 million investment. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Like Sportscasting on Facebook. Guber partnered with Magic Johnson and Guggenheim Baseball Management to buy the Los Angeles Dodgers in 2012. The cookie is used to store the user consent for the cookies in the category "Analytics". What happens to atoms during chemical reaction? Who is the majority owner of the Golden State Warriors? Mandalay's feature films include "Soul Surfer," "The Kids Are. The Warriors distanced themselves from Palihapitiyas opinion on Monday. How many championships have the golden state warriors won. The value of the team is up almost tenfold since then, and his 25% stake is worth more than $900 million, net of debt. Pera, who bought the NBAs Memphis Grizzlies in 2012, is the youngest controlling owner in the league. In total, the Warriors have won four NBA championships. That particular black owner is none other than sports legend, Michael Jordan who is the principal owner of the Charlotte Hornets. Guber is the founder and CEO of Mandalay Entertainment, a visionary multimedia venture spanning movies, TV, sports, and digital media. His performances resulted in a first cap against Argentina that year. As a limited investor who has no day-to-day operating functions with the Warriors, Mr. does not speak on behalf of our franchise, and his views certainly dont reflect those of our organization, the team said in a statement. Follow us on Twitter @sportscasting19. I acknowledge that entirely. The league had a lot of its future growth pegged to its relationship with China, when then-Rockets general manager Daryl Morey tweeted to Free Hong Kong in support of democracy protesters and ignited a firestorm in 2019. So until we actually clean up our own house, the idea that we step outside our borders, with us morally virtue-signaling about someone elses human rights record, is deplorable.. Joseph S. Lacob/Net worth. #1 Golden State Warriors Team Value 1 $7B Calculated October 2022 Owner (s) Joe Lacob, Peter Guber Championships 7 Year Purchased 2010 Price Paid $450M Revenue 2 $765M Operating Income 3 $206M. Together, they hired a general. This cookie is set by GDPR Cookie Consent plugin. While Warriors fans waited for . Stevens became a minority owner of the Warriors in 2013, when he purchased the stake in the team held by current Sacramento Kings principal owner Vivek Ranadive. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. China, evidence suggests, has committed genocide and crimes against humanity against Uyghurs. Joe Lacob and Peter Guber, the Co-Executive Chairmen of the Golden State Warriors, announced today that longtime Silicon Valley venture capitalist Mark Stevens has purchased the equity interests. Of all the things I care about, yes, it is below my line.. Chamath Palihapitiya, a venture capitalist who owns 2 percent of the NBA franchise, expressed cold indifference to the plight of the Uyghurs, an ethnic Muslim minority that has been persecuted in China, on his All In podcast over the weekend. Lon Rosen is the Executive Vice President and Chief Marketing Officer for the Los Angeles Dodgers. According to the Wall Street Journal, the team's minority owners are "pressuring" owner Daniel Snyder to sell his majority stake in the team. Six MLR franchises have a majority or minority owner with a background as player or coach (or both) with the U.S. Eagles. The Uyghurs have been subjected to rape, sterilizations and slave labor. Following an outpouring of criticism on social media,. In 2010, the venture capitalist chipped in $25 million to become one of the franchise's co-owners with Joe Lacob, Peter Guber and others. I care about climate change. This cookie is set by GDPR Cookie Consent plugin. Other court documents spell out the precise ownership breakdown of the Washington Football Team. Palihapitiya. Im just telling youa very hard, ugly truth. But if youre asking me: Do I care about a segment of a class of people in another country? Not until we can take care of ourselves, will I prioritize them over us., The 45-year-old billionaire investor also said that the concept of sustaining human rights globally is a luxury belief., We dont do enough domestically to actually express that view in real, tangible ways, he said. When genocides happen, it is people like this that let it happen. Well, if youre rich enough, you can buy a team. John Berman and Patrick McEnroe discuss recent comments made by Chamath Palihapitiya, minority owner of the Golden State Warriors basketball team, when he downplayed China's human rights. Which Teeth Are Normally Considered Anodontia. They were the first ever NBA champions in 1947. Under his ownership, the Warriors won four championships. After Tuesday's shootaround, Warriors star Andrew Wiggins was asked about Palihapitiya's comments and made it clear they have different beliefs. 2023 Cable News Network. The Sacramento Kings, Milwaukee Bucks, Los Angeles Clippers, and Houston Rockets all subsequently broke the record, but the Golden State Warriors turned NBA valuations on their head by selling for $450 million in 2010.
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