Golden State Warriors Purchase Value Has Risen to Enormous Heights
$450 million was the amount that now owners Joe Lacob and Peter Gruber paid to purchase the Golden State Warriors at the start of the 2010-2011 NBA season. Since then, the Warriors have seen their stock continually rise from an afterthought in California basketball to a team that could potentially contend for a title in the upcoming season.
Their potential on the court is not the only place that the Warriors’ value has risen, though. According to a report from ESPN’s Darren Rovell, the Warriors have now been valued at an astonishing $800 million. Rovell also points out in the report that the Warriors were valued by at only $555 million in January by Forbes magazine, making the recent estimate even more mind-blowing.
It’s not hard to understand why this team is so valuable right now, though. They are coming off of a run in the 2013 NBA Playoffs where they surprised everyone by upsetting the Denver Nuggets in the first round, but also gave the San Antonio Spurs everything that they could ask for in the second round as well.
More than just their recent success in the postseason, though, this is also a young and extremely talented team for the future. They have a youthful backcourt with a ton of upside in Stephen Curry and Klay Thompson as well as fantastic other pieces like Harrison Barnes, David Lee, Andrew Bogut and the most recent addition of Andre Iguodala.
Ultimately this isn’t just a team that’s good now; this is a team that’s going to be good for a long time if they keep this unit in-tact. That’s why the value of this franchise is growing at such an incredible rate. $800 million is an enormous amount of money, but I wouldn’t be surprised if their value didn’t top-out there.
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