Oracle's Larry Ellison has his sights on the one underperforming San Francisco Bay Area institution he has yet to purchase: the Golden State Warriors.
Ellison, a billionaire many times over, has long been linked with rumors about his interest in owning a sports franchise. But during an event Wednesday a report from MarketWatch., Ellison confirmed his interest in the Warriors, joking "unfortunately, you can't have a hostile takeover of a basketball team," according to
The Warriors are a perennial Bay Area disappointment, with passionate fans but underperforming teams the last several decades. This year's squad has faced the usual assortment of injuries, front-office drama, and player revolts in stumbling to a 13-30 record following Tuesday's loss to the Sacramento Kings.
memorable "We Believe" squad that took down the heavily favored Dallas Mavericks in an epic first-round upset.to the home of the Warriors, the Oracle Arena in Oakland. The team is currently owned by Christopher Cohan, who has run the team since 1995 but has produced a grand total of one playoff team during that tenure, the
The Warriors were valued at $315 million in Forbes' December 2009 ranking of National Basketball Association teams. That's a pittance for Ellison, who is considered the third-richest person in America according to Forbes, which pegged his net worth at $22.5 billion in 2009.
And if he successfully manages to make Sun the latest addition to Oracle's massive portfolio, surely he can figure out what to do with Don Nelson.