Warriors' Sale Imminent -- Ellison Likely Winner
July 13, 2010
WARRIORS PAGE | WARRIORS VIDEO
UPDATED: 2:30 p.m.
Matt Steinmetz
CSNBayArea.com
The winning bidder for the Warriors could be announced as early as Tuesday. Unless indications from a variety of sources are inaccurate, the winning bidder will be Oracle software billionaire Larry Ellison.
Comcast SportsNet Bay Area contacted an individual familiar with the negotiations, seeking confirmation of a report from a national publication.
"That may be true," the person said of the sale, declining the opportunity to comment in detail.
An NBA source said Tuesday that he'd heard over the past week that Oracle software billionaire Larry Ellison, in tandem with the team's current minority ownership group, had emerged as the front-runner.
That same source also said that he understood that the group led by 24-Hour Fitness owner Mark Mastrov was second in the bidding.
Early Tuesday afternoon, a Bay Area-based source with knowledge of the bidding process, said that he'd be surprised if Ellison's group did not come out on top.
Later Tuesday a Warriors source said that while negotiations are close to being finalized it's premature to assume the deal will be ready by day's end.
The initial report about the pending announcement came from a Twitter post of Sports Business Journal reporter Daniel Kaplan, indicating the group that will purchase the team from current owner Chris Cohan will receive word of their winning bid before the end of the day.
Cohan was in Las Vegas on Monday.
Shortly before 10 a.m. Tuesday, Kaplan posted the following on his Twitter account:
"Golden State Warriors winner should be chosen by end of the day I am hearing"
The four prominent bidding groups include the Ellison consortium, the Mastrov group, Wall Street moneyman David Bonderman and Mandalay Entertainment Group chairman Peter Guber.
Messages were left on the cell phone of Cohan and calls were placed to members of the Warriors organization.
This story will be updated as more news becomes available.
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