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Sources: Chris Cohan Could Get More Than $400M For Warriors
Published April 21, 2010
With a "dozen bidders" -- including Oracle CEO Larry Ellison -- "signaling interest in the Golden State Warriors, the team could fetch owner Chris Cohan more than" $400M, according to sources cited by Matier & Ross of the S.F. CHRONICLE. 24 Hour Fitness Founder Mark Mastrov also has expressed interest in buying the team, and he indicated that he "might eventually even bring some of his sports pals like Lance Armstrong, Shaquille O'Neal and Magic Johnson into the deal." A group of Silicon Valley investors that includes Riverwood Capital Partner Michael Marks and Silver Lake equity co-Founder Jim Davidson -- which bought a 20% stake in the Warriors in '04 "when Cohan ran into tax troubles -- is expected to be in the hunt as well." An anonymous Silicon Valley exec also has been "privately mentioned as a possible suitor." The exec said that he "doubts the Warriors are worth more" than the $315M listed by Forbes in its most recent NBA franchise valuations. But he acknowledged the sale "could get crazy if they do an auction process," as expected (S.F. CHRONICLE, 4/21).