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If you are having difficulty accessing any content on this website, please visit our Accessibility page. 2023 Forbes Media LLC. After that process, the most serious bidders would get full access and the ability to kick the tires on the Warriors but still had to finalize their bid without knowing the offer of any other group. Its why the NBA last week agreed to expand its plan to sell minority stakes in teams to private equity firms beyond Dyal Capital Partners, the firm it initially hand-picked to handle all such sales, sources said. See here for a complete list of exchanges and delays. 3P%:3-Point Field Goal Percentage; FTM:Average Free Throws Made; FTA:Average Free Throws Attempted; We were not under the radar with respect to Chris Cohan. We've received your submission. Sixteen days after his debut at a Warriors game, Ellison confessed during a public event at Oracle headquarters that he was trying to buy the team. WebVisit ESPN to view the Golden State Warriors team stats for the 2022-23 season. in Economics (both magna cum laude) from the University of Southern California in 1981, an M.S. However, it wont be all good news for them should they win in only four games. Get the full list, Morningstar Institutional Equity Research, Chief Executive Officer, Co-Owner & Co-Executive Chairman, Executive Vice President, Basketball Operations. How much the Warriors are worth (Forbes estimate) $1.9 billion. Join us for a March Madness Webinar on Tuesday, March 7 at 8pm ET. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. It was not until June that it was reported Celtics minority owner Joe Lacob and Mandalay Entertainment CEO Peter Guber were one of the final four. How much the Warriors are worth (Forbes estimate) $1.9 billion. Other losses include revenue from parking, concession stands and cash flow from the arena itself. NBA Commissioner Adam Silver revealed that about 40% of league revenue comes from the gate and arena sponsorships. Another executive told Windhorst that he expects upcoming first-round picks to be shopped more than usual as teams look to save money: I may lose $50 million next season, one owner said. No single fund can own more than 20 percent of an NBA team, for example, and teams can't have more than 30 percent ownership from institutional investors. Team executives have said in the past that theyd rather win than think about the money theyre leaving on the table by not taking a series longer. Our reasoning for presenting offensive logos. Sal Galatioto had previously orchestrated the sale of the Phoenix Suns in 2004 for a then-record $401 million and had a similar game plan for the Warriors. All quotes delayed a minimum of 15 minutes. Related by education: Stanford University. The company's team participates in different basketball tournaments in the United States, as well as offers entertainment for sports lovers, enabling audiences to enjoy their favorite game and cheer for the team they support. Join our linker program. in Computer Engineering from USC in 1984 and an MBA from Harvard University in 1989. He is also a member of the USC Viterbi School of Engineering Board of Councilors, is the founder and chairman of the USC Stevens Center for Innovation, and serves on the Advisory board of the Harvard Business Schools California Research Center. @memgrizz status report, March 5 at @LAClippers: OUT. WebForbes released its annual NBA franchise valuations Wednesday, and Golden State now is worth an estimated $3.5 billion. Get viral NBA graphics, memes, rumors and trending news delivered right to your inbox with the Clutch Newsletter. A five per cent stake in the Golden State Warriors has reportedly been put up for sale as minority investors in the National Basketball Association (NBA) seek to recoup losses resulting from the pandemic. All logos are the trademark & property of their owners and not Sports Reference LLC. Warriors ownership group could lose up to $22 million with a sweep of the Finals. The country's leadership set this year's economic growth target at around 5%, a target more modest than some had previously projected as policymakers take into account a wide range of difficulties besetting the worlds second-largest economy. By widening the pool of potential buyers, the league is hoping to generate greater competition and, in turn, fuel further rises in team valuations, as well as offering limited partners a way of cashing in on their investments. News of Cohan looking to sell his 80 percent stake in the Warriors started in earnest in July 2009. Ten days later, Galatioto trimmed the field to four viable bidders, with Ellison and Mastrov as the only two known bidders at the time. The company's team participates in different ba, nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. WebGolden State Warriors. And it might be only the beginning of an even bigger U.K. commitment to Ukraines rearmament. Data Provided By Arctos Sports Partners expanded their investment in sports franchise ownership by more than doubling its stake in the Golden State Warriors to 13 percent, Yahoo Sports reported Thursday. It was America's first win since 1982 and Ellison was onboard the BMW Oracle when it won. Cohan never wanted to sell to Ellison and used the Oracle billionaire's presence in the process to ramp up the bids. Find out more. WebGet the latest official stats for the Golden State Warriors. WebGolden State Warriors. 2023 NYP Holdings, Inc. All Rights Reserved, Why the COVID lab leak cover-up is reminiscent of Chernobyl, How woke ideologies are upending American childhood, Bidens laughable, late-to-the-game crackdown on massive COVID fraud, Government misinfo has sparked a steep decline in the publics trust. $88,868,997. Palihapitiyas stake in the Warriors is approximately 10 percent. Mark Stevens Joins Golden State Warriors Ownership Group WebVisit ESPN to view the Golden State Warriors team stats for the 2022-23 season. Hes an ideal fit.. Lacob joined venture capital firm Kleiner Perkins in 1987 and led investments in over 50 startup companies; he is no longer with the firm. 413Kx Key Data Points Twitter Followers 5.5k Similarweb Unique Visitors 15.0K Majestic Referring Domains 314 Golden State Warriors Investors Memphis Grizzlies PR: . According to an anonymous sports banker interviewed by the New York Post, the Warriors true valuation is likely to be about US$4.4 billion today, with the coronavirus pandemic having hit the teams revenues to the extent that they are on pace to lose more than US$70 million this year. The Warriors' current total cap hit comes out to $174,189,694 -- the highest of any team in the league -- which includes Shaun Livingston's final dead cap hit of $666,667. It was perhaps the best execution of Chris Cohan's tenure as owner. Joe Mazzulla's transition from interim head coach to the Boston Celtics' full-time leader has gone as smoothly as expected. All rights reserved. WebGolden State Warriors: Joe Lacob (majority), Peter Guber: GSW Sports LLC 450: 2010: Houston Rockets: Tilman Fertitta: Fertitta Entertainment 2,200: 2017: Indiana Pacers: Herbert Simon: Pacers Sports & Entertainment, Pacers Basketball, LLC 10.5: 1983: Los Angeles Clippers: Steve Ballmer: LAC Basketball Club, Inc. 2,000: 2014: Los Angeles Lakers Our reasoning for presenting offensive logos. Team Names: The Golden State Warriors make $201 million in revenue a year as a team. The Golden State Warriors make $201 million in revenue a year as a team. Last year the league permitted Dyal Capital Partners to take passive stakes across multiple teams, with reports suggesting the firm is in the process of raising as much as US$2 billion to spend on NBA franchises. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. The Warriors havent laid off or furloughed any employees, and Lacob is investing in technology and testing methods in an attempt to get fans back in Chase Center next season. Two days after the announcement, another big-pocket Bay Area icon publicly expressed interest in buying the team. Norm Powell (shoulder) remains out. You see the big picture of what we can be and what we will be, George said. But it also explores the exploits of Run TMC, Latrell Sprewell, Purvis Short, Robert Parish, Sleepy Floyd, Manute Bol and Rick Barry, among others. View the full team roster and stat leaders for the 2022-23 NBA season on CBS Sports. Longtime Silicon Valley Venture Capitalist Joins Team As Executive Board Member. You know it's a good thing whenever you get the chance to be on a list with the likes of Steph Curry, JJ Redick, Ray Allen, Seth Curry, and Kyle Korver. 413Kx Key Data Points Twitter Followers 5.5k Similarweb Unique Visitors 15.0K Majestic Referring Domains 314 Golden State Warriors Investors To explore Golden State Warriorss full profile, request access. 2023 PitchBook. Watch our How-To Videos to Become a Stathead, Subscribe to Stathead and get access to more data than you can imagine. About Joe Lacob Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team. Arctos Sports Partners expanded their investment in sports franchise ownership by more than doubling its stake in the Golden State Warriors to 13 percent, Yahoo Sports reported Thursday. The Warriors' current total cap hit comes out to $174,189,694 -- the highest of any team in the league -- which includes Shaun Livingston's final dead cap hit of $666,667. See here for a complete list of exchanges and delays. The owners dont want to put in more money, the source said of the planned sale. About Joe Lacob Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team. Hints and clues to help you with today's Wordle. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Last year, the Warriors also were in third but checked in at $3.1 billion. Available for purchase from the publisher, Amazon, Barnes & Noble and iTunes. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. The Oracle of Delphi. They are worth as much as $6.03 billion, according to Sportico. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. That's the third-highest mark in the league, trailing only the Knicks ($4 billion) and the Lakers ($3.7 billion). Stephen Curry ($11,370,786) Total money all Warriors players made in 2015-2016. In July 2010, the dysfunctional Warriors, who had been to one postseason in 16 years, were officially the most expensive franchise in NBA history. Warriors ownership group could lose up to $22 million with a sweep of the Finals. Ivica Zubac (calf) is questionable for tomorrow. This certainly makes a lot of sense as the prices of tickets for a potential Game 5 are expected to be very high. This information is available in the PitchBook Platform. Palihapitiyas stake in the Warriors is approximately 10 percent. Mark Mastrov, founder of 24 Hour Fitness, immediately went after the notion that Ellison's billions made him the best candidate. View the full team roster and stat leaders for the 2022-23 NBA season on CBS Sports. The NBA is said to be relaxing its rules because it is concerned that sky-high franchise valuations are pricing out all but the wealthiest investors, with the average team now estimated to be worth nearly US$2.4 billion. Follow Danny Leroux on Twitter @DannyLeroux. Galatioto said it would have been unethical to back out on Lacob's group because Ellison's late bid was slightly higher. Former UFC Mens Bantamweight champion Cody Garbrandt celebrated a triumphant return to the Octagon on Saturday night. Russias War On Ukraine: Daily News And Information From Ukraine, Bayern Munich Remain First But Must Switch Off Complacency Ahead Of PSG Fixture, More Ex-British Challenger 2 Tanks Are Bound For Ukraine As London Doubles Its Pledge, How Boston Celtics Head Coach Joe Mazzulla Earned His Title And Extension, Joe Harris May Make History And Other Interesting NBA Stats, 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. However, if the first three games of the series is any indication of how theyll play in Game 4, the Warriors may end the season on Friday, as they have dominated the Cavs and showed they can win on the road. WebForbes released its annual NBA franchise valuations Wednesday, and Golden State now is worth an estimated $3.5 billion. A link has been emailed to you - check your inbox. $88,868,997. WebGolden State Warriors: Joe Lacob (majority), Peter Guber: GSW Sports LLC 450: 2010: Houston Rockets: Tilman Fertitta: Fertitta Entertainment 2,200: 2017: Indiana Pacers: Herbert Simon: Pacers Sports & Entertainment, Pacers Basketball, LLC 10.5: 1983: Los Angeles Clippers: Steve Ballmer: LAC Basketball Club, Inc. 2,000: 2014: Los Angeles Lakers The leagues collective bargaining agreement will likely be adjusted before next season. Kristaps Porzingis (1,209) set a new career-high for points scored in a single season (previously 1,196 in 2016-17). All rights reserved. The other side of the story? Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. News of Cohan looking to sell his 80 percent stake in the Warriors started in earnest in July 2009. The Golden State Warriors were largely rudderless Businessman Chris Cohan purchased the Golden State Warriors in October 1994 for $130 million, but he didnt enjoy much success on the court. Operator of a sports team intended to participate in basketball matches. Lacob was a minority owner of the NBA's Boston Celtics for five years before selling to buy the Warriors. Previous reports suggested the leagues board of governors has agreed a framework whereby private equity funds and other institutional investors may own up to 20 per cent in a single franchise, and that those entities can own shares in up to five teams. A sports banker told The Post he believes the team is now only worth slightly more at about $4.4 billion due to the pandemic. Question, Comment, Feedback, or Correction? The Warriors' value was boosted in recent years by a move to the Chase Center on the San Francisco side of the Bay Area. That's the third-highest mark in the league, trailing only the Knicks ($4 billion) and the Lakers ($3.7 billion). By January 2010, billionaire Larry Ellison was sitting courtside at Oracle Arena for the first time, watching LeBron James dominate. News of Cohan looking to sell his 80 percent stake in the Warriors started in earnest in July 2009. Were extremely excited about the addition of Mark to our ownership group, said Lacob. Under the guidance of Joe Lacob and Peter Guber, the Warriors have established themselves as a top flight organization in a very short time. Without ticket sales, the Warriors lose about 50 percent of its revenue even as it continues to pay players like Curry their full salaries, sources said. Stephen Curry ($11,370,786) Total money all Warriors players made in 2015-2016. That transaction price would value the Warriors at US$5 billion when factoring in their US$800 million in debt, says the report, which cites three sources close to the situation. The tank plus-up, which Ukrainian ambassador to the United Kingdom Vadym Prystaiko announced on Saturday, should come as no surprise. 1946-47 to 2022-23, Pace/ORtg/DRtg estimated Operator of a sports team intended to participate in basketball matches. How much the Warriors are worth (Forbes estimate) $1.9 billion. I'm incredibly proud of the fact that we stayed out of the news. In this excerpt, Leroux documents how the sale of the franchise from Chris Cohan to the Joe Lacob-Peter Guber partnership unfolded. Arctos, which includes former Madison Square Garden CEO David O'Connor as a founder, also has a stake in the Sacramento Kings, and Fenway Sports Group, which owns the Boston Red Sox, Pittsburgh Penguins and Liverpool FC. $88,868,997. This is a profile preview from the PitchBook Platform. In February 2010, Ellison captured the 33rd running of the America's Cup, completing a 10-year personal quest that saw him spend $100 million. Palihapitiyas stake in the Warriors is approximately 10 percent. Owners are looking to recoup money after taking a financial hit in 2020 and projected steep losses for the 2020-21 season, which could be played without fans in attendance. The highest bidder got the team. The NBA gets a 25 percent cut of the playoff gate revenue, which means a $3,375,000 chunk would be taken out, but the Warriors are still left with an average of $10,125,000 per game. The Warriors have 15 investors total, including Lacobs co-chairman Peter Guber, a Hollywood executive with a 20 percent stake. It was perhaps the best execution of Chris Cohan's tenure as owner. Arctos Sports Partners expanded their investment in sports franchise ownership by more than doubling its stake in the Golden State Warriors to 13 percent, Yahoo Sports reported Thursday. The value of the team is up almost tenfold since then, and his 25% stake is worth more than $900 million, net of debt. 3P%:3-Point Field Goal Percentage; FTM:Average Free Throws Made; FTA:Average Free Throws Attempted; Location: San Francisco, California Team Names: Golden State Warriors, San Francisco Warriors, Philadelphia Warriors Seasons: 77; 1946-47 to 2022-23 Record: 2912-3090, .485 W-L% Playoff Appearances: 36 Championships: 7 Lacob has informed his fellow owners of his plan, according to ESPNs Brian Windhorst. But the money is hardly something to sneeze at., In fact, a Game 5 in Oakland alone comes close to paying Steph Currys salary for the entire 2016-17 season: $12.1 million. Warriors ownership group could lose up to $22 million with a sweep of the Finals. News of Cohan looking to sell his 80 percent stake in the Warriors started in earnest in July 2009. The pilot of the helicopter, on his last trip before his union was going on strike, pressured Lacob to get on board but he refused to get off the phone until he got the thumbs-up. I'm trying," Ellison (who was discussing Oracle's acquisition of Sun Microsystems) replied to an audience member asking about him buying the Warriors. The Warriors are said to have 15 investors in total, including Joe Lacob and Peter Guber, who own 35 per cent and 20 per cent of the team respectively. It was perhaps the best execution of Chris Cohan's tenure as owner. Weve managed to build a strong and well-rounded ownership group in which each individual contributes to our success, and Mark is no exception. The future of this team and franchise is unbelievably promising and Im looking forward to contributing my part to help us achieve our goals.. I still believe were gonna be a tough team to beat in seven games. Location: San Francisco, California Team Names: Golden State Warriors, San Francisco Warriors, Philadelphia Warriors Seasons: 77; 1946-47 to 2022-23 Record: 2912-3090, .485 W-L% Playoff Appearances: 36 Championships: 7 Aaron Nesmith (sore left hip) and Tyrese Haliburton (sore right calf) are questionable for Pacers-Bulls, Your California Privacy Rights/Privacy Policy. Arctos Sports Partners is buying a minority stake in the Golden State Warriors in a deal that values the NBA team at roughly $5.5 billion, It is believed to be the first private equity investment in an NBA team since the league loosened its rules to allow institutional investors. The identity of the sellers remain unclear as that information is usually not unveiled until an auction is done. While no price of the deal was reported, the Warriors are one of the most valuable sports franchises in the United States. Location: San Francisco, California Team Names: Golden State Warriors, San Francisco Warriors, Philadelphia Warriors Seasons: 77; 1946-47 to 2022-23 Record: 2912-3090, .485 W-L% Playoff Appearances: 36 Championships: 7 That process and its success provided fans a glimpse into the relentlessness he would bring to the Warriors, along with endless pockets that could make the Warriors relevant in a changing, more expensive NBA. The Warriors are considered the fourth-most valuable franchise in United States sports leagues. The luxury tax apron for the 2021-22 season is set at $143,002,000. According to insiders, Ellison's bid was higher but Galatioto said Ellison's binding bid was late and the Warriors had already informed Lacob's group that they won the bid. I think we wanted it more than the other guys and I think we are more knowledgeable about basketball than all these others guys. Get the full list, Youre viewing 5 of 14 board members. It explains the potential earnings the team will not get the chance to make, and also gave a perspective of how big it is, by relating it to some of their players salaries. The Warriors' current total cap hit comes out to $174,189,694 -- the highest of any team in the league -- which includes Shaun Livingston's final dead cap hit of $666,667. After 15 years of frustration and drama, the Golden State Warriors were finally under new ownership. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. It was valued elsewhere at $5.5 billion at the start of 2021. The Warriors privately financed a new $1.6 billion arena that opened in September 2019, thus increasing their expenses. The Warriors have 15 investors total, including Lacobs co-chairman Peter Guber, a Hollywood executive with a 20 percent stake. Here, Scott and Lauren Neustadter talk about falling in love with Taylor Jenkins Reid's novel. That works out to $1.7 million earned per game or $49,000 earned by each player per game. The NBA gets a 25 percent cut of the playoff gate revenue, which means a $3,375,000 chunk would be taken out, but the Warriors are still left with an average of $10,125,000 per game. The Golden State Warriors ownership group consists of leaders in a wide variety of fields including: sports, entertainment, e-commerce, mobile technology, communications and venture capital. On May 18, the bids start rolling in. "Unfortunately, you can't have a hostile takeover of a basketball team." Create your account and get enhanced access to all the latest stories. The Warriors are said to have 15 investors in total, including Joe Lacob and Peter Guber, who own 35 per cent and 20 per cent of the team respectively. We did our due diligence. Top Rumors, Business, Owners, Golden State Warriors, Top Rumors, Paul George, Los Angeles Clippers, Statistics, Kristaps Porzingis, Washington Wizards, Injuries, Suspensions, Brandon Clarke, Dillon Brooks, Ja Morant, Steven Adams, Los Angeles Clippers, Memphis Grizzlies, Injuries, Wes Unseld Jr, Daniel Gafford, Washington Wizards, Injuries, Ivica Zubac, Marcus Morris, Norman Powell, Los Angeles Clippers, Injuries, Aaron Nesmith, Tyrese Haliburton, Chicago Bulls, Indiana Pacers. WebGolden State Warriors Signals Growth Rate 0.80% Weekly Growth Weekly Growth 0.80%, 93rd % -35.5%. Enjoying SportsPro content? WebGolden State Warriors Signals Growth Rate 0.80% Weekly Growth Weekly Growth 0.80%, 93rd % -35.5%. All told, sweeping the series in Cleveland and not returning twice to the Bay Area, as the Warriors did last year for Games 5 and 7, would cost the Warriors ownership group more than $22 million.. News of the proposed sale comes as the NBA moves closer to allowing private equity investors to own minority stakes in multiple franchises. WebGet the latest official stats for the Golden State Warriors. All Rights Reserved. 100 Things Warriors Fans Should Know & Do Before They Dieby Danny Leroux covers plenty of the team's recent success with Stephen Curry, Klay Thompson, Draymond Green and Kevin Durant. It also wont be a bad idea to eliminate the defending champions early, to prevent them from regaining their confidence, and pulling off another epic comeback, just like they did last year. What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? Arctos was co-founded by private equity veteran Ian Charles and former MSG CEO David Doc OConnor. Twice-champion Tiger Woods was not listed in the field for next week's The Players Championship at TPC Sawgrass in Ponte Vedra Beach, Florida, meaning his next start will likely come at the Masters in April. "We were going by helicopter to Delphi in Greece," Lacob said, "which is famous for the Oracle. Hayes checked in after not starting the 2nd half because of a hand injury, played 1:34, and checked back out because of his hand. Although adding another championship to their franchise is a big achievement, they could also lose up to $22 million, according to a piece made by Darren Rovell of ESPN. But that was at a time when the team had been posting $109 million in 2019 operating income, according to magazine. Lacob and Guber are reportedly not part of the group looking to sell. On March 22, 2010, the Warriors announced Cohan would be selling the team and had hired Galatioto Sports Partners to execute the sale. With the pandemic causing financial uncertainty across the board, some owners are also looking to offload their NBA team shares in order to free up much-needed capital. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The industry leader for online information for tax, accounting and finance professionals. He beat Ellison. Please note that players may not be in the uniform of the correct team in these images. WebGolden State Warriors. "I think I can do just as well, if not better," Mastrov told Bay Area News Group. Use without license or authorization is expressly prohibited. The Warriors officially announced the sale was complete to Lacob and Guber but the drama was not over. As Windhorst specifies, the Warriors position highlights the discrepancy between the big-market owners and the small-market groups, and that divide could become a tricky issue as the league navigates the financial impact of the pandemic. While Warriors fans waited for a resolution, Lacob and Guber were behind the scenes finalizing the sale of the team. Win whats next. "In my experience, this is a bit unusual." He joined Sequoia in 1989 as an associate and became a partner in 1993. The Golden State Warriors ownership group consists of leaders in a wide variety of fields including: sports, entertainment, e-commerce, mobile technology, communications and venture capital. Report: Alex Rodriguezs ticketing startup Jum AFL sews up ten-year Fanatics partnership. Daniel Gafford left tonights game with an ankle sprain. Amazons Daisy Jones & The Six Tops Music And TV Charts, China Aims For Its Gross Domestic Product To Expand Around 5% In 2023, Todays Wordle #624 Hint, Clues And Answer For Sunday, March 5th, UFC 285 Results: Cody Garbrandt Defeats Trevin Jones In Return To The Octagon, The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Desperate Russian Forces Are Sticking 80-Year-Old Naval Guns On 70-Year-Old Armored Tractors, Saturday, March 4. That's the third-highest mark in the league, trailing only the Knicks ($4 billion) and the Lakers ($3.7 billion). The NBA gets a 25 percent cut of the playoff gate revenue, which means a $3,375,000 chunk would be taken out, but the Warriors are still left with an average of $10,125,000 per game. The Golden State Warriors ownership group, led by Joe Lacob, is considering forming a partnership with investment bank Goldman Sachs to raise up to $25o million in capital to help the organization compensate for lost revenues due to the COVID-19 pandemic. Stephen Curry ($11,370,786) Total money all Warriors players made in 2015-2016. And just like that, it was on, the most engrossing drama involving the team in years: Who would buy the Warriors? At this point, Ellison and the Lacob/Guber tandem were the two highest bids. The SPORTS REFERENCE and STATHEAD trademarks are owned exclusively by Sports Reference LLC. They reported Ellison's net worth to be $28 billion, third among Americans behind Bill Gates and Warren Buffett. If that happens, I have three options: I could borrow the money, I could sell part of the team or I could do a cash call and me and my partners would have to write checks.. The irony, right?" "We did what we felt was right. Logos were compiled by the amazing SportsLogos.net. for seasons prior to 1973-74, Every Sports Reference Social Media Account, Site Last Updated: Saturday, March 4, 6:46PM. 77; Grizzlies' Morant suspended at least two games after gun video, Mbappe beats PSG all-time scoring record as French champions extend lead, Wolff says Mercedes must go back to the drawing board, Teenage sensation Stolz becomes youngest world champion, Messi's boyhood club Newell's Old Boys display banner in support after threats, Woods skipping Players Championship, next start likely Masters, Kilde captures back-to-back World Cup downhill titles, De Ligt on target as Bayern climb back on top with win at Stuttgart, Fiorentina end Milan's winning streak with 2-1 home win, Southampton edge out Leicester to move off the bottom, Exclusive news, data and analytics for financial market professionals. Reflects change since 5 pm ET of prior trading day.