KP's Joe Lacob Beats Out Larry Ellison to Buy Warriors
Joe Lacob will soon have to swap his green Boston Celtics jersey for an Orange "We Believe" T-Shirt. Lacob, a partner at Kleiner Perkins Caufield Byers and part of the ownership group that bought the Celts in 2002, has become the primary owner of the Golden State Warriors, according to various NBA-related news reports. Lacob is joining with Peter Guber of Mandalay Entertainment to buy the Warriors for reportedly $450 million, a record amount for an NBA franchise. Many Warriors fans were hoping that Oracle boss Larry Ellison, who has made offers to buy the team in the past, would fork over the winning bid. Apparently the price was too steep for a team mireed in recent disappointments.
15 July 2010•1 min read
