In just a couple of years the Golden State Warriors have managed to nearly double their worth. With fans coming out in droves to watch the Splash Brothers (Stephen Curry and Klay Thompson), the team has put on quite a show and they’ve only gotten better. So much so their purchase price has risen substantially. Read more after the jump.
If industry insiders laughed at the $450 million Joe Lacob and Peter Guber paid for the Golden State Warriors in November 2010, one has to wonder what they would think now.
Less than three years after the two agreed to pay the highest price ever for an NBA franchise, the team is now valued at $800 million, according to a source with knowledge of the terms.
The Warriors are coming off their best regular-season record (47-35) since the 2007-08 season and the most successful playoff run since 1977, when they took the San Antonio Spurs to six games in the Western Conference semifinals.
In the offseason, the Warriors completed a sign-and-trade for Andre Iguodala to join Stephen Curry, Klay Thompson and David Lee, an acquisition that helped at the box office.
The team, which sold out 38 consecutive games last season, sold more than 3,000 new season tickets this summer to grow the season-ticket base to an all-time high of nearly 14,000. With president Rick Welts, adviser Jerry West and former agent Bob Myers as general manager, the team has assembled one of the more impressive front offices in the NBA to support its up-and-coming coach, Mark Jackson.
