The Official Golden State Warriors 2009-2010 Season
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Oracle CEO Ellison confirms plans to buy NBA's Warriors
Oracle CEO Ellison confirms plans to buy NBA's Warriors
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By John Letzing, MarketWatch
SAN FRANCISCO (MarketWatch) -- Oracle Corp. Chief Executive Larry Ellison confirmed speculation on Wednesday that he's attempting to buy struggling National Basketball Association franchise the Golden State Warriors.
At a public event held at Oracle's /quotes/comstock/15*!orcl/quotes/nls/orcl (ORCL 23.87, +0.01, +0.04%) Redwood Shores, Calif., headquarters, Ellison responded to a plea from an audience member that he buy the Warriors by responding: "I'm trying, I'm trying."
"Unfortunately, you can't have a hostile takeover of a basketball team," Ellison quipped.
As CEO at corporate software giant Oracle, Ellison has pursued a strategy of launching a series of takeovers of various rivals over the years. On Wednesday, Ellison was officially discussing the company's recent $5.6 billion purchase of Sun Microsystems Inc.
The Warriors have played poorly in recent years under current owner Chris Cohan. The NBA franchise, based in Oakland, Calif. -- a roughly half-hour drive from Oracle's headquarters -- has logged a record this season of 13 wins and 30 losses, and is in last place in the league's Pacific Division.
The team has been forced to rely on a core of talented if relatively inexperienced guards, while also suffering a series of injuries.
Oracle currently owns the naming rights to the Warriors' home, Oracle Arena.
Ellison has long been rumored to have an interest in buying the Warriors. News of the CEO's negotiations for the team was first reported in the San Jose Mercury News.
An Oracle spokeswoman declined to comment.
John Letzing is a MarketWatch reporter based in San Francisco.
http://www.marketwatch.com/story/or...nbas-warriors-2010-01-27?reflink=MW_news_stmp
Oracle CEO Ellison confirms plans to buy NBA's Warriors
Explore related topics
Computer Software Oracle Corporation
Story Quotes Comments Screener (4)
Alert Email Print Share
By John Letzing, MarketWatch
SAN FRANCISCO (MarketWatch) -- Oracle Corp. Chief Executive Larry Ellison confirmed speculation on Wednesday that he's attempting to buy struggling National Basketball Association franchise the Golden State Warriors.
At a public event held at Oracle's /quotes/comstock/15*!orcl/quotes/nls/orcl (ORCL 23.87, +0.01, +0.04%) Redwood Shores, Calif., headquarters, Ellison responded to a plea from an audience member that he buy the Warriors by responding: "I'm trying, I'm trying."
"Unfortunately, you can't have a hostile takeover of a basketball team," Ellison quipped.
As CEO at corporate software giant Oracle, Ellison has pursued a strategy of launching a series of takeovers of various rivals over the years. On Wednesday, Ellison was officially discussing the company's recent $5.6 billion purchase of Sun Microsystems Inc.
The Warriors have played poorly in recent years under current owner Chris Cohan. The NBA franchise, based in Oakland, Calif. -- a roughly half-hour drive from Oracle's headquarters -- has logged a record this season of 13 wins and 30 losses, and is in last place in the league's Pacific Division.
The team has been forced to rely on a core of talented if relatively inexperienced guards, while also suffering a series of injuries.
Oracle currently owns the naming rights to the Warriors' home, Oracle Arena.
Ellison has long been rumored to have an interest in buying the Warriors. News of the CEO's negotiations for the team was first reported in the San Jose Mercury News.
An Oracle spokeswoman declined to comment.
John Letzing is a MarketWatch reporter based in San Francisco.
http://www.marketwatch.com/story/or...nbas-warriors-2010-01-27?reflink=MW_news_stmp
they tried, he isnt worth throwing away for nothing. itd be dumb to live with the kid thru his growing pains and watch him finish maturing somewhere else and beast out.
sell cohan sell is the most important thing for the franchise, we need this to happen before anything else should be considered.
and on a side note, that was a terrible attempt at clowning his name
sell cohan sell is the most important thing for the franchise, we need this to happen before anything else should be considered.
and on a side note, that was a terrible attempt at clowning his name
We dont need to bring in another head coach, get rid of Nelson and promote within.. Keith Smart!!
I hope Larry Ellison does buy this franchise. We'd probably be one of the most valueable franchises. Putting people in the seats is no problem, putting together a team that can FINISH games is and a front office that doesnt know shit is the problem too.
I hope Larry Ellison does buy this franchise. We'd probably be one of the most valueable franchises. Putting people in the seats is no problem, putting together a team that can FINISH games is and a front office that doesnt know shit is the problem too.
tim leglar picked him to be on the all star reserve list
and marc steins power rankings for the warriors this week
If West coaches pass because of the Dubs' record, Monta will become just the second player ever averaging at least 25 points, five assists and two steals to be an ASG snub, joining Denver's Michael Adams in 1990-91.
and marc steins power rankings for the warriors this week
If West coaches pass because of the Dubs' record, Monta will become just the second player ever averaging at least 25 points, five assists and two steals to be an ASG snub, joining Denver's Michael Adams in 1990-91.