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SBJ/October 3-9, 2011/Franchises
Welts sees ‘a big upside’ for Warriors
Former Suns exec has front-office positions to fill
Published October 3, 2011, Page 9
Prior to hiring Welts, Warriors co-owner Joe Lacob had been running the business operations of the franchise, which he and partner Peter Guber bought last July for an NBA record $450 million.
Warriors President Rick Welts ‘was looking forward to doing some different things.’
Neither have been replaced, leaving Welts to create a new front-office team.
“We have a lot of strategic jobs to be filled right now,” said Welts, who will have full control of the team’s business.
“[Lacob] is thrilled to not be that guy anymore,” Welts said. “They have been very clear in that they are expecting me to run the business operations.”
Welts takes over the business operations of the Warriors after resigning as president of the Suns on Sept. 9 after nine years with the team.
He fills the role of Robert Rowell, who resigned as president in June after 16 years with the franchise.
Welts said he had no designs on the job after he left the Suns for personal reasons. But he changed his mind when Suns owner Robert Sarver recommended Welts to the Warriors.
“This was not the plan,” Welts said. “I was looking forward to doing some different things.”
Welts said the Warriors’ business operations are “in decent shape.”
“But there is a big upside,” Welts said. “It is a rich market from a corporate base. We can take the business further, and [Lacob and Guber] are committed to providing the resources.”