The Golden State Warriors may be adding new investors — and in the process confirming a staggering franchise valuation.
A group of minority owners are looking to sell their 10% stake in the team at a potential valuation of $7 billion, according to Bloomberg. That would fall in line with Forbes’ most recent NBA valuations — which pegged the Warriors as the most valuable team in the league.
That number would make a 10% stake in Golden State worth $700 million — a quarter of a billion dollars more than the $450 million current owners Joe Lacob and Peter Guber paid for the franchise in 2010.
The record valuation shows the prestige of owning a portion of one of the NBA’s most successful franchises, which has won four NBA championships since 2015. In the most recent NBA team transaction — the Charlotte Hornets’ $3 billion sale — $700 million would have been worth nearly a quarter of the franchise.
More Change For Warriors
While the specific investors looking to sell their stake in the Warriors are unknown, the move would be the latest in a season of change for the team.
In May, longtime Warriors president and general manager Bob Myers stepped down after 12 years leading team operations. Last year, former minority owner Chamath Palihapitiya completed the final selloff of his original 10% stake in the team, while Arctos Sports Partners increased its investment in the Warriors.