Oracle CEO Larry Ellison will not be the new owner of the Golden State Warriors, according to a report from CSNBayArea.com. Rumors had been swirling that Ellison was the lead candidate to purchase the team from Chris Cohan, who has owned the Warriors since 1995.
Instead, Peter Guber (right), CEO of Mandalay Entertainment, has reportedly bought the franchise with Joe Lacob, a minority owner of the Boston Celtics. The group paid $450 million, topping the previous record of $401 million spent to buy the Phoenix Suns in 2004.
The sale will still have to be approved by the NBA Board of Governors, which should be a formality.
Bridge Collapses In Washington State
Nearly 4 In 10 Americans Impacted By Big Cuts
Eric Holder Personally Approved Controversial Fox News Warrant
Senate Confirms Key Obama Nominee As Filibuster Fight Looms
'Well That Was Actually Pointless'
Warren's First Bill Already Seeing Strong Wave Of Support
Broadwell Admits She Has 'Remorse' Over Major Scandal
Hospital Prices Explained: How Charges For Medical Care Got So Crazy
Emergency Landing Prompts Closure Of Heathrow Runways
Are You Inhaling Pesticides With Your Pot?
McCain: We Should Only Have To Pay For Cable Channels We Watch
Sequestration Hits National Parks Just In Time For Tourist Season
Polls Show How Americans Targeting Ire Over Gun Checks
Woman Raped By Ex After No Cops Available To Help
Steve King Points Finger At Reagan For Helping Obama Get Elected
This Major Stock Collapse Is A Serious Warning For The U.S.
Horror In Bethesda
McDonald's Quietly Offers Ohio Hero Free Food For Year
Powerful Earthquake Hits Russia's Far East
Senate GOP At Odds With Tea Party On Budget Negotiations
Anti-Abortion Leader Compares Rape And Incest To Accidents
Ex-Student Allegedly Planned 'Columbine-Style' Attack At School
Jodi Arias Jury DEADLOCKED
Could Miscarriages Become Criminal?
Farm State Senator Defends 'Monsanto Protection Act'
NOAA Releases 2013 Hurricane Season Predictions
Boy Scouts To Allow Gay Youths
Newtown Gets Major Gift From The Government
Elite Colleges Accused Of Mishandling Sexual Assaults
