A minority stake in the parent company of the NBA's Golden State Warriors is said to be up for sale. The 5% stake in the Golden State Group would also include a board seat, the Chase Center arena and two other teams.
Breakdown
- A 5% stake values the Warriors holding company at over $11 billion
- Stake includes courtside seats, board seat, and multiple team assets 7s
- Sports franchises have become less illiquid due to more transactions 29s
- Early investors have seen large returns as team value increased 40s
- 5% stake expected to sell for hundreds of millions, with high demand 52s