Want a part of the Warriors? 10% of the ownership stake — for about $700 million — reportedly is up for sale
A sale at the $7 billion mark would make the Warriors one of the world’s most valuable sports teams.
A stake in the NBA’s most valuable franchise is on the market.
Bloomberg reported Friday morning that a small group of Warriors minority investors are considering selling their roughly 10% stakes in the most successful NBA franchise in the last decade.
The Warriors were valued at $7 billion last October and ranked first in Forbes’ rankings of NBA teams by franchise valuation at the time, and that figure has reportedly been floated to potential buyers. According to Bloomberg, some potential investors have balked at that valuation.
However, a $7 billion sale would make the Warriors one of the most valuable sports teams in the world. According to Forbes, the Dallas Cowboys are worth $9 billion, and the New York Yankees are worth $7.1 billion.
Several recent ownership changes throughout the league demonstrate how highly valued the Warriors are. Michal Jordan sold a majority stake in the Charlotte Hornets for $3 billion last month, and the Phoenix Suns were valued at $4 billion after selling 50% of the team to mortgage executive Mat Ishbia.
Conversations about selling a minority stake in the Warriors are still ongoing. Raymond Ridder, a team spokesperson, declined to comment, citing organizational policy.
Majority owner Joe Lacob led a group that paid $450 million for the Warriors in 2010. If the $7 billion figure holds, it represents a 1,455 percent increase in the last 13 years.
It also helps that the Warriors have had a lot of success on the court, with Stephen Curry, Draymond Green, and Klay Thompson leading them to NBA Finals titles in 2015, 2017, 2018, and 2022. They’ve also increased revenue since the opening of Chase Center, the team’s home in San Francisco since 2010.