Blog Entry

Larry Ellison: "I was the highest bidder"

Posted on: July 15, 2010 4:23 pm
Edited on: July 15, 2010 4:26 pm
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Posted by Royce Young

If you didn't see, the Warriors were sold today to Joe Lacob, managing partner at private equity firm Kleiner Perkins, and Peter Guber, chairman of Mandalay Entertainment. Most thought super-billionaire and Oracle CEO Larry Ellison was the favorite to win the bid.

So when the reports came out today that Guber and Lacob were awarded the team, most, including me, wondered why Ellison didn't win. He had the money to beat the $450 million the team reportedly sold for (Ellison is worth an estimated $28 billion - that's billion with a "b"), so either he low-balled for some reason or just mis-estimated his bid.

Actually, it was neither of those. San Joe Mercury columnist Tim Kawakami fills us in : "Whoa. Ellison statement: 'Although I was the highest bidder, Chris Cohan decided to sell to someone else.'"

Whoa indeed.

So Chris Cohan, the owner every Warrior fan basically loathes and is considered by many to be maybe the worst owner in the NBA, doesn't sell the team to the highest bidder. Not only that, but he doesn't sell the team to the guy most everyone agrees will be a great owner not just for Golden State, but the entire league. Instead, he takes less to sell it to Guber and Lacob.

Obviously, it's Cohan's perogative to sell to who he wishes. But taking less money? Was he trying to get at Ellison for some reason? What could possibly be the reasoning here?

But as most Warriors fans would tell you, they found themselves asking that last question a lot under Cohan. So this likely doesn't come as much of a surprise.



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Category: NBA
Comments

Since: Dec 7, 2006
Posted on: July 16, 2010 11:06 pm
 

Larry Ellison: "I was the highest bidder"

   Well that makes it a perfect 100 percent.The Fans are again screwed by that inept rat turd Cohan.He hasn't done right by the fans since he bought the team and this just continues his total disregard for the fans that made him all the monies he is about to get.If there is truth to the saying that what goes around comes around this guy will have the same thing done to him that he has done to all the great fans of this sorry franchise.



Since: Sep 26, 2007
Posted on: July 16, 2010 2:10 pm
 

Larry Ellison: "I was the highest bidder"

Shallow is as shallow does, COHAN is a COMPLETE BUM!  Good Riddens!



Since: Jun 18, 2009
Posted on: July 16, 2010 3:21 am
 

Did Cohan use Ellison to drive up the price?

I m starting to feel there was no love lost between Cohan and Ellison....i think he used him to drive up the price with the intention of never selling the team to Ellison. I didn't think Cohan was smart enough to do this.

Cohan screwed us again on his way out the door and he gets the last laugh.....if im one of the other groups im pissed that they were used as a pawn to drive up the price.

By the way you were the worst owner in any sport.... i don't think you will ever have any competition with that title. try explaining that to your kids when they are old enough to understand.


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