Term sheet to be announced and other news, rumors, etc.

[Tetsujin]

http://www.sacbee.com/2013/03/21/5282387/new-arena-downtown-plaza.html

 

[Purple Reign]

Check this Out!!!!

http://www.newyorker.com/reporting/2009/05/11/090511fa_fact_gladwell

 

[Glenn]

Isnt it a conflict of interest if this third guy has a stake in the warriors too??

It would seem so except minority partners have nothing to do with the operation of the franchise. Perhaps he more safely could be involved in funding the arena or could sell his minority ownership of the Warriors to Hansen (giggle).

In any case, Ranadivé seems excited so if he is excited, he must think something will work out.

 

[VF21]

Info on the new investor: http://en.wikipedia.org/wiki/Vivek_Ranadive

Whoo! We're talking Bollywood night at STA with tons of state-of-the-art technology. I am liking this a lot.

 

[VF21]

It would seem so except minority partners have nothing to do with the operation of the franchise. Perhaps he more safely could be involved in funding the arena or could sell his minority ownership of the Warriors to Hansen (giggle).

He has said he'll sell his interest in the Warriors so no conflict.

 

[HndsmCelt]

I guess this also means that Sacramento can count on The Warriors to vote against relocation. 7 more votes to go

 

[Glenn]

The Sac Bee blog says that there is connection between Stern and Ranadive-- Stern provided a positive review/quote for one of his books. I'm not sure how often Stern does this but it's certainly a good sign.

Yes, I read that. Any connection to Stern is a positive. Stern can speak with more authority to the BoG.

 

[kennadog]

Well, I guess I'll leave for the meeting, not knowing if its cancelled. It's almost an hour drive and I can't wait until the last minute. Fabulous news about the third investor. We're playing to win!

 

[Tetsujin]

A profile on him from last year:
http://www.esquire.com/features/vivek-ranadive-profile-0212

 

[VF21]

Check this Out!!!!

http://www.newyorker.com/reporting/2009/05/11/090511fa_fact_gladwell

Very interesting. Nice find. No wonder David Stern likes him. My confidence was high before. It is now through the roof. How could the BoG deny an ownership group that includes this guy?

GOOD DAY TO BE A KINGS FAN!!!

 

[kennadog]

Info on the new investor: http://en.wikipedia.org/wiki/Vivek_Ranadive

Whoo! We're talking Bollywood night at STA with tons of state-of-the-art technology. I am liking this a lot.

LOL Me. too

 

[Section 101]

I guess this also means that Sacramento can count on The Warriors to vote against relocation. 7 more votes to go

Grant just said he's good friends with Tim Leonsis owner of the Wiz so there could be another.

 

[Glenn]

He has said he'll sell his interest in the Warriors so no conflict.

Soon I hope.

 

[Gary]

Grant just said he's good friends with Tim Leonsis owner of the Wiz so there could be another.

6 owners left to vote no.. No sweat for KJ.

 

[JB_kings]

Well, I guess I'll leave for the meeting, not knowing if its cancelled. It's almost an hour drive and I can't wait until the last minute. Fabulous news about the third investor. We're playing to win!

Good move:

Ryan Lillis ‏@Ryan_Lillis 1m
City spokeswoman says tonight's community meeting at City Hall on #NBAKings #arena plan is still scheduled to take place

I'll see ya there!

 

[Warhawk]

Just wondering what there will be to discuss at the meeting tonight....?

 

[Tetsujin]

All three of the whales are all relentlessly driven, business-saavy grinders, all three of our current owners (Larry, Curly, and Moe) are the exact opposite.

 

[Tetsujin]

Grant just said he's good friends with Tim Leonsis owner of the Wiz so there could be another.

From Vivek's twitter account:

Vivek Ranadivé ‏@Vivek 18 Dec
Shout out to my good friend @tedleonsis for the mention of my book, The Two-Second Advantage, in the @WSJ this weekend. Greatly appreciated.

 

[Glenn]

All three of the whales are all relentlessly driven, business-saavy grinders, all three of our current owners (Larry, Curly, and Moe) are the exact opposite.

Self made billionaires apparently have something that you and I don't have. That is opposed to those who inherit their billions.

Ha! While the Maloofs are pissing away their father's billion, others are making billions.

 

[Tetsujin]

Well now we know why David Stern visited Golden State last month.

 

[VF21]

Self made billionaires apparently have something that you and I don't have. That is opposed to those who inherit their billions.

Ha! While the Maloofs are pissing away their father's billion, others are making billions.

Dallas has Mark Cuban. We have Burkle, Mastrov and Ranadive. OH MY!!!

 

[Bibbilicious]

So what does this mean for Mastrov? Would he no longer be the face of the franchise?

 

[Tetsujin]

From the esquire feature

He says he was a punk back then. He is still something of a punk. A rival once stood up at a meeting and joked that he'd always thought that the Tib in Tibco stood for "that Indian bastard." Ranadivé built a house a few years ago with a swimming pool that has an underground window, so from the basement bar you can look in and see people swimming. He yanks his employees out of meetings to challenge them to push-up contests in the hall. He once called Steve Jobs to ask him how to use Photoshop. At a dinner in New York one rainy night a few months ago, after speaking to a bunch of M.B.A.'s, he ordered the most expensive steak on the menu as an appetizer for the employees who were traveling with him. And listen to him in an interview in 2009, talking about his competition: "There are not that many people who can say that they have gone head-on against IBM and beaten them in a situation where IBM has thrown everything and the kitchen sink at a problem and lost."

Read more: Vivek Ranadive Profile - Vivek Ranadive TopCom Software - Esquire http://www.esquire.com/features/vivek-ranadive-profile-0212#ixzz2ODWxx5yd

 

[VF21]

So what does this mean for Mastrov? Would he no longer be the face of the franchise?

I'm pretty sure they're not too worried about "the face of the franchise." If anything, it means Mastrov's chance to be an NBA owner just got a whole lot better.

 

[JB_kings]

So what does this mean for Mastrov? Would he no longer be the face of the franchise?

Don't know, but Ranadive is THE lead investor over Mastrov and Burkle according to the latest.

 

[macadocious]

The only thing that is confusing me is why Mastrov would take a back seat. The only things I can think of are

A. Mastrov didn't have the liquidity to up the bid and Burkle wouldn't take the lead and/or
B. Ranadive demanded it to be involved

 

[Bibbilicious]

I'm pretty sure they're not too worried about "the face of the franchise." If anything, it means Mastrov's chance to be an NBA owner just got a whole lot better.

Its just strange to me because I was under the impression that it was his dream to be a majority owner, not just a part.

 

[Tetsujin]

How would Ranadive run our team and arena? Mebbie something like this:

The rest of Ranadivé's team today, Wen Miao and Matt Quinn, set up a laptop so that they can translate the whole of Tibco's mission as it pertains to the business of the Golden State Warriors into a short PowerPoint presentation. Ranadivé believes the Warriors can be a model of how an organization can revolutionize its operations through the use of real-time data. His vision goes roughly like this:

When a ticket holder arrives at Oracle Arena for a game, he could flash a bar-coded pass to enter the parking garage, sending a signal that he has arrived and allowing him quick and easy entry to the game. The computer system would know that at last week's game, he bought two youth jerseys. It would also know that there's a surplus of youth hats at the team store at the moment, so it could send him a text message offering a 20 percent discount on hats. When he's in his seat, he'd be able to watch instant replays and other exclusive content on his phone. At the end of the third quarter, when the computer system showed that the concession stand near his seats had too many hot dogs, it could send him a buy-one-get-one-free offer — because it also knows that he sometimes buys hot dogs at games.

The right information to the right people at the right time in the right context. (Fans creeped out by this could opt out.)



Read more: Vivek Ranadive Profile - Vivek Ranadive TopCom Software - Esquire http://www.esquire.com/features/vivek-ranadive-profile-0212-2#ixzz2ODY3TthY

 

[Tetsujin]

The only thing that is confusing me is why Mastrov would take a back seat. The only things I can think of are

A. Mastrov didn't have the liquidity to up the bid and Burkle wouldn't take the lead and/or
B. Ranadive demanded it to be involved

They could be co-owners with the both of them working together in the decision making process.

 

[rhythmless]

They could be co-owners with the both of them working together in the decision making process.

That usually does not work out.