The Warriors have finally been sold. Chris Cohan has finally relinquished his losing death-grip on the Warriors and accepted the $450 million dollar bid from the group headed by Joe Lacob and Peter Guber. CNBC was first to report the news of the deal a short while ago.
Larry Ellison who has long been rumored as the leading candidate to purchase the team and the fan favorite as the potential new owner decided not to meet Chris Cohan’s asking price of $450 million. Ellison’s refusal coupled with Guber and Lacob’s ability to give Cohan the price he wanted signaled the end of the process.