Vivek's Warriors share sold for.....

[ockingsfan]

$800 million valuation!!! To a new warriors partner.

I wonder how much Vivek got for selling his warriors share in May? Forbes had valued the warriors at $555 million in January 2013.


Link: http://m.espn.go.com/nba/story?storyId=9574486

 

[Capt. Factorial]

Wow. Do we know what percentage share Vivek had?

 

[Section 101]

Wow. Do we know what percentage share Vivek had?

Think it was like 25%

 

[PurpleHaze]

According to this report Vivek originally invested $30M for his 7 percent minority ownership share in GSW.

http://www.yardbarker.com/nba/articles/ranadive_selling_7_percent_share_of_warriors/13734173

 

[Trueblood]

Was Joe Lacob the one who originally bought out Vivek's shares? If so, then this is a very smart move on his part. Buy low and sell high at it's finest. With all the money that he is going to put into the SF arena, he'll need every penny he can get.

 

[Bricklayer]

If it was only a 7% share the whole $800mil valuation thing is kind of silly. Good luck on getting a group of investors to buy the entire other 93% at anything like that valuation. Just a case of supply and demand for a smaller stake. One guy bids $44mil, the next $48, first guy comes back at $52, and the winner takes it at $56, and all of a sudden look! $800mil valuation!

 

[Hallama]

If I was only a 7% share the whole $800mil valuation thing is kind of silly. Good luck on getting a group of investors to buy the entire other 93% at anything like that valuation. Just a case of supply and demand for a smaller stake. One guy bids $44mil, the next $48, first guy comes back at $52, and the winner takes it at $56, and all of a sudden look! $800mil valuation!

$800 million valuation will probably be a bargain after they move to SF with a new arena on the bay. Gold.