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According to a report from Bloomberg, well-informed sources have revealed that several investors are looking to sell their 10% ownership stake in the Warriors. The value of this share sale is said to potentially reach up to $700 million! As part of the asset evaluation, the current total valuation of the Warriors is estimated to be around $7 billion. However, it's been reported that potential buyers are rejecting this excessively high asking price ($700 million).
In the latest edition of Forbes magazine, the Warriors were valued at $7 billion, making them the highest-valued team in the NBA for the first time in the past 20 years, surpassing the Lakers and the Knicks. Forbes pointed out that the Warriors generate $150 million in revenue from arena sponsorships and advertising, which is twice as much as other teams. They also lead the league by earning over $250 million from premium seating at their arena. In recent years, the Warriors have been paying a substantial luxury tax while striving for championships, and the team has also built a new arena in the Bay Area. |
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Post time 30-9-2023 09:41:36