Joe Lacob

Where Warriors' $4.3B Forbes valuation ranks among all sports franchises

Where Warriors' $4.3B Forbes valuation ranks among all sports franchises

Joe Lacob, Peter Guber and the rest of their ownership group bought the Warriors in 2010 for $450 million.

In February, Forbes valued the franchise at $4.3 billion -- up $800 million from the year before.

So where does that valuation rank among all sports franchises in the world?

The answer to that question is ...

... No. 5.

According to Forbes, only the Dallas Cowboys ($5.5 billion), New York Yankees ($5 billion), New York Knicks ($4.6 billion) and Los Angeles Lakers ($4.4) are worth more.

“Forbes is more of a general indicator," Lacob told Bill Shea of The Athletic in March. "Its revenue estimates are understated for Golden State. We have much more revenue than the Knicks and Lakers.

“These are all estimates. I have no idea how they come up with these numbers. I’ve heard they talk to people at the NBA and maybe certain teams. Maybe (they’re accurate) on a relative basis in terms of the values. On an absolute basis, that’s up for debate.”

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Also, if you're calling around trying to get your hands on several billions, quit while you're ahead.

[RELATED: Report: Dubs 'looking for best deal'; $250M loan not done]

You have no chance of owning the Golden State Warriors.

"I am never going to sell," Lacob told Shea.

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NBA rumors: Warriors' $250M loan not final; team 'looking for best deal'

NBA rumors: Warriors' $250M loan not final; team 'looking for best deal'

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."

With COVID-19 forcing Chase Center's doors closed, the immense amount of revenue the franchise was supposed to generate has been put on hold.

When you combine this with the fact the NBA doesn't yet know what the salary cap and luxury tax line will be for next season and beyond, it makes it difficult to forecast spending capabilities.

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As a result, Lacob and the Warriors are unsure how much they are comfortable spending in free agency this October.

"Depending on the economics, we have to be smart and pragmatic," general manager Bob Myers told reporters in early June. "I can only look at past history where Joe (Lacob) has always been receptive to spending if it helps us win. We're in a very unique situation now. I have no idea what the future holds as far as some of the parameters.

"But I do know that we have an ownership group that is aggressive, and always seems to push the limits. Resources have always been a huge positive in our organization. It's a nice thing to have. Again, I only know what I've seen and been around, which is we've been spending a lot in the past."

The 2020-21 campaign won't be starting until December at the earliest, which has provided the Warriors ample time to prepare for whatever comes their way.

[RELATED: Klay shares his two favorite hobbies outside basketball]

Will fans be allowed at Chase Center? Will there even be games at the new arena in San Francisco, or will the NBA have to pivot towards some sort of bubble campus?

All of that is to-be-determined.

"Even if there’s much concern over whether the NBA has fans in attendance at games next season and even if the Warriors make a disproportionate amount of money off of gate revenue, you don’t sense much panic at 1 Warriors Way," Strauss writes.

For all parties involved, let's hope that perspective continues.

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NBA rumors: Warriors considering $250M deal to help cap issues during virus

NBA rumors: Warriors considering $250M deal to help cap issues during virus

The Warriors are expected to have the NBA's highest payroll next season. With the coronavirus pandemic expected to impact revenue by forcing the NBA to hold games without fans, the Warriors are in search of ways to lessen the blow if Chase Center's doors have to be shuttered.

Owner Joe Lacob reportedly might have found a way to help mitigate the financial impact the virus will have on the Warriors. Lacob informed other owners he's considering a deal with Goldman Sachs that would raise up to $250 million to help with the Warriors' expenses, ESPN's Brain Windhorst reported Monday.

With four players -- Steph Curry, Klay Thompson, Draymond Green and Andrew Wiggins -- slated to make $22 million or more next season and a $17.2 million trade exception to use, the Warriors could use an injection of capital in order to keep their payroll intact.

The NBA informed its owner that 40 percent of the league's revenue comes from ticket sales and in-arena sponsorships. But the Warriors get 80 percent of their income from games at Chase Center and can make around $5 million in one home game, sources told Windhorst. For other teams, the take from a single home game can be less than $2 million, and others make less than $1 million on average.

This, of course, means that no one is set to up to get hit harder if there are no fans in arenas than the Warriors. However, the Warriors are more equipped to strike deals and weather the storm. Other teams are less lucky.

"The Warriors have the ability to raise money that a lot of teams can't," one team president told Windhorst. "Good for them. If our team was in that situation, we may have to trade players to deal with it."

While some franchises have laid off employees, Lacob hasn't done so. The Warriors owner also is investing in technology to help fans safely return to Chase Center next season. 

[RELATED: Steph, Kerr's greatness proved Lacob's 'light years' comment right]

Per Windhorst, the Warriors' financial situation has some in the NBA concerned about the distance between the haves and have-nots in the NBA growing and the impact that will have on the league's future.

The financial impact of the virus also could affect free agency and the NBA draft with teams possibly selling first-round picks to add cash and players potentially moving teams as franchises look to weather the financial storm.

While the NBA prepares to restart its season in Orlando on Thursday, the Warriors are taking in the long offseason, waiting for the 2020-21 season to begin sometime in December, fans or no fans, if all goes according to plan.

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