OAKLAND, Calif. (AP) -The Golden State Warriors are for sale – and Oracle Corp. CEO Larry Ellison has already said he wants to buy the team.
The Warriors say they have hired Galatioto Sports Partners, or GSP, to handle selling the franchise and serve as their exclusive financial adviser throughout the process.
While current owner Chris Cohan hadn’t given any indication he planned to put the franchise up for sale anytime soon, there had been thinking that he would certainly listen if an incredible offer was made.
Ellison told financial analysts in late January he was trying to buy the team but said, “unfortunately you can’t have a hostile takeover of a basketball team.”
The Warriors said they wouldn’t comment further until an agreement or transaction with a buyer is reached.
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