(Boursier.com) — The Golden State Warriors, one of the NBA’s flagship teams, could see part of its capital change hands. According to ‘traditional’ sources close to the ‘Bloomberg’ matter, a group of minority investors, representing a little more than 10% of the round, are seeking to get rid of their stake. A potential valuation of $7 billion has been mooted, although one person said investors were reluctant to face such a high amount. Discussions are ongoing and sales plans could change, sources said.
A trade at that price would make the Warriors one of the most expensive teams in the world in any sport. Only a handful of teams, including the New York Knicks, Dallas Cowboys, Washington Commanders and Manchester United, can compete with the Warriors at this level.
“In accordance with our organizational policy, we do not comment on the potential sale or non-sale of ownership within our investment group,” Raymond Ridder, a spokesman for the league’s most successful team, told Reuters. over the last decade.
As the agency points out, the valuations of NBA franchises – as well as sports teams in general – are rising sharply. In August, Michael Jordan sold a majority stake in the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall for $3 billion. Mat Ishbia agreed last year to buy more than 50% of the Phoenix Suns in a record deal that valued the club at $4 billion.
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