SBD/Issue 200/Franchises

Group Led By David Bonderman Reportedly Bidding For Warriors


TPG Capital co-Founder David Bonderman is the "leader of the fourth group that is bidding to purchase" the Warriors from Chris Cohan, according to sources cited by Marcus Thompson II of the OAKLAND TRIBUNE. The Ft. Worth-based private equity investment firm "manages $48 billion in capital and has an office" in S.F. The examination part of the Warriors' sale process "concluded Monday with Bonderman's group touring the facilities." There have been four potential bids identified, including ones from Bonderman, a group led by Oracle CEO Larry Ellison, a group led by 24-Hour Fitness Founder Mark Mastrov and a group that includes Mandalay Entertainment Chair Peter Guber. Each group "will submit binding bids," and the "soft deadline is the end of June." Now the Warriors, "who have been scrutinized for the better part of June by potential buyers, wait for the offers to roll in" (OAKLAND TRIBUNE, 6/30). Comcast SportsNet’s Matt Steinmetz said of Bonderman, "He's rich. ... The one thing that's become apparent is whoever the next Warriors' owner is going to be, (he's) going to be filthy rich. Not just a millionaire, this guy is going to be a billionaire, whoever it is." Steinmetz added, "Here's the thing with this sale: So many parties in and around the sale have signed nondisclosure agreements. ... There still may be another player or two out there we don't know about. There’s a lot we don’t know about. The one thing I also have heard is that if somebody shows up tomorrow to have interest in the Warriors, they'll listen” ("Chronicle Live," Comcast SportsNet Bay Area, 6/29).

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