Get the Blackhawks Championship Package  Give the Gift of SI
SI.com Home
Posted: Wednesday January 27, 2010 11:28PM; Updated: Thursday January 28, 2010 9:12AM

Oracle CEO interested in Warriors

Story Highlights

Oracle CEO Larry Ellison says he's trying to buy the Warriors from Chris Cohan

The Warriors' president told SI.com that Ellison has not yet extended an offer

Sources say Cohan is believed to be asking at least $400 million for the franchise

Frank Hughes, SI.com

Decrease font Decrease font
Enlarge font Enlarge font
NBA Team Page

OAKLAND, Calif. -- A little more than two weeks after he attended a Golden State Warriors game, Oracle CEO Larry Ellison said he is interested in buying the team from owner Chris Cohan.

Speaking to an audience at Oracle Complex about the company's $7.4 billion takeover of Sun Microsystems, Ellison was asked about the ongoing speculation that he ultimately would purchase the Warriors.

Ellison, the fourth-wealthiest person in the world, worth an estimated $28 billion, replied: "I'm trying. I'm trying. Unfortunately you can't have a hostile takeover of a basketball team."

Warriors president Robert Rowell told SI.com that Ellison has never made an offer to buy the team.

League sources have told SI.com that Cohan is asking at least $400 million for the team, and indications are that Ellison is not willing to pay what appears to be an inflated price given the economy and an impending lockout after next season.

Still, his latest comments indicate that he may be looking to open dialogue with Cohan, who is facing legal issues with the Internal Revenue Service.

Ellison, whose company pays $30 million a year to have its name on the outside of the Warriors' arena, attended Golden State's game against LeBron James and the Cavaliers on Jan. 11.

ADVERTISEMENT
YES, I WILL TAKE THE SURVEY

MAYBE LATER

NO THANKS
SI.com
Hot Topics: Boston Marathon NBA Playoffs NHL Playoffs LaMarcus Aldridge Dwyane Wade Carlos Gomez
TM & © 2013 Time Inc. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Read our privacy guidelines and ad choices.
SI CoverRead All ArticlesBuy Cover Reprint