Golden State Warriors are for salePosted by Inside Hoops
The Golden State Warriors of the National Basketball Association (NBA) have retained Galatioto Sports Partners (“GSP”) to conduct a sale of the team, it was announced today. GSP, acting as the Club’s exclusive financial advisor, will manage all aspects of the sales process. As such, all related inquiries should be made directly to GSP.
Neither the Warriors nor GSP anticipate making any further public comments regarding the sales process until and unless a definitive agreement on a transaction is reached.
The Warriors, currently majority-owned by Christopher Cohan, are an NBA franchise located in the San Francisco Bay Area, the fifth-largest market in the NBA. The team plays its home games in Oakland, California, at Oracle Arena.
Galatioto Sports Partners, the leading sports advisory and finance firm, specializes in providing investment banking and innovative financing solutions to the global professional sports market. GSP was established in early 2005 by Salvatore Galatioto. The principals of the GSP have acted in a variety of capacities on more than 70 transactions in the major North American and European sports leagues.
InsideHoops.com editor says: The Golden State Warriors need a new owner, new GM, new coach and new players. Otherwise, they’re good.
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