Warriors reportedly seeking to raise funds

Here’s NBC Sports Bay Area reporting on what the Warriors may be doing to keep their money right:

It remains unclear exactly how much financial damage the coronavirus pandemic will inflict on the Warriors, and the NBA in general.

“Golden State Warriors owner Joe Lacob has informed fellow owners of a deal he’s considering with Goldman Sachs to raise up to $250 million to manage coming expenses,” sources recently told ESPN’s Brian Windhorst.

But Golden State’s ownership group might end up going in a different direction.

“On Tuesday, Warriors sources relayed that the deal has not yet been agreed to and alternate options are being explored, including cash calls and other measures,” The Athletic’s Ethan Strauss writes. “Right now, the Warriors are ‘looking for the best deal,’ which makes them sound more like a powerful lender than a desperate borrower.”

In unrelated news, we recently raised $20 in capital and invested in a large pizza. It was quite tasty.

Author: Inside Hoops

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