The value of the Golden State Warriors is sinking faster than a Steph Curry jump shot. An attempt to sell a minority stake in the team, the NBA’s most successful franchise over the past decad…
An attempt to sell a minority stake in the team, the NBA’s most successful franchise over the past decade with four titles, has languished for nearly a year amid concerns about the aging team — combined with broader fears over San Francisco’s exodus of high-paid tech workers, The Post has learned.
Forbes estimated the franchise to be worth $4.7 billion last October, trailing only the Los Angeles Lakers , the Knicks and the Warriors — who were valued at $7.7 billion.A minority owner of the Warriors has cut the asking price for an 8% stake to $6 billion valuation from $7 billion, sources said.A sports investment banker cited the prospect of fair-weather fans abandoning the team as its plummets from its meteoric rise for the Warriors’ depreciating value.
The price to attend Warriors home games trails only the Knicks as the costliest in the league. The cheapest four tickets, plus four hot dogs, two beers, two sodas and a parking spot will run $608.39,in the team, including the building and real estate, at a $5.6 billion valuation — a record price paid for a stake in an NBA team.
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