7.13: Matt Steinmetz details the Warriors franchise sale
NBA Insider Matt Steinmetz has the latest developments in the sale of the Golden State Warriors.
Happening now we're not happening now depending on your perspective Larry Ellison might well become the new owner of the Warriors but it has not happened. Still no deal between the oracle CEO and her team -- -- -- ON reports yesterday indicated that a degree. We -- like itself. It looks like nothing will happen until at least. NBA insider Mets sign that says there are just two candidates that remain to take over the team Ellison and Mandalay Entertainment Group headed by Peter -- -- four hour fitness founder mark master golf no longer in the mix -- is David Bonderman had a partner of team. -- -- -- We'll hold up quite simply the -- -- there once. More money it's really as simple as that are right now it's down to Ellis added Peter Gruber of the Mandalay. Entertainment group. And regardless of who gets this team the one thing we know is this team is gonna sell for a record price. Being in 2004 the Phoenix Suns sold for 401. Million I'm told that the Golden State Warriors are gonna sell for more than that. Few tens of millions of dollars more than that. So what were seeing right now is that even though Chris co head is gonna sell this team for a record number. He apparently doesn't like the number right now Ellison's still the front runner there's no doubt about that. But the fact of the matter is that for sub freezing cold and he's he's been the Mandalay. -- in the mix likely as a way to drive up the Ellison price. Lastly the thing I heard we heard of the timetable that should have been done by the end -- Tuesday. What I'm here and right now is. It would be lucky to be done by the weekend that's what I'm here and guys.