The Golden State Warriors are reportedly seeking investors to buy a 10% minority stake in the team, according to a report.
The Warriors could not be immediately reached for comment.
In July of last year, Chamath Palihapitiya, founder of venture capital firm Social Capital, announced that he unloaded his 10% stake in the team, which he bought in 2010 for $25 million. In 2010, the Warriors were acquired for $450 million by a group of investors led by Joe Lacob and Peter Guber .The value of the Warriors, who recently left their longtime home in Oakland for the money-generating Chase Center in downtown San Francisco, has skyrocketed since a group led by Joe Lacob bought the club for $450 million in 2010.
The value of NBA teams has taken off in recent years as evidenced by Michael Jordan’s recent sale of a majority stake in the Charlotte Hornets.
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