Tag: Peter Guber

What did Lacob do? On the advice of …

What did Lacob do? On the advice of then-NBA Commissioner David Stern, he bought into his hometown Boston Celtics as a minority partner and built relationships with league honchos. “When the Warriors came up in 2010, I had an advantage, ironically — maybe my only advantage — over Larry Ellison, which was I knew everybody in the league really well,” said Lacob, who partnered with Peter Guber to buy the Warriors in 2010, five years after MLB denied him, for $450 million. The team is now valued by Forbes at $5.6 billion.

Arctos was co-founded by private equity …

Arctos was co-founded by private equity veteran Ian Charles and former MSG CEO David “Doc” O’Connor. The firm had about $2.9 billion in assets under management as of October, and has already made more than a dozen investments. They include about 17% of the NBA’s Sacramento Kings, and in Fenway Sports Group, the parent of the Boston Red Sox, Liverpool FC and the Pittsburgh Penguins. The group is also nearing agreements to invest in the NHL’s Minnesota Wild and Tampa Bay Lightning.

“We are doubling down on our …

“We are doubling down on our organizational commitment and accountability in the fight for racial and social justice,” said Warriors President & Chief Operating Officer Rick Welts. “Joe Lacob and Peter Guber released a statement in May outlining our roadmap; specifically, our organizational Voice, Feet, Heart and Wallet resources; these principles will guide our organizational efforts for many years to come.”

Statement from Warriors Co-Executive …

Statement from Warriors Co-Executive Chairmen Joe Lacob and Peter Guber: As Chairmen of the Golden State Warriors organization, and as citizens of our country and members of the community, we are resolute in our belief that our collective attitude and aptitude around race relations must be for real change now. The inequity and intolerance that permeates our society must stop! We are at a tipping point in our national race relations and we all must take the leadership responsibility for creating real and sustainable change. We all must align our feet, tongue, heart and wallet as the only way to accomplish this imperative.

JA Adande on Michael Jordan: “He can’t …

JA Adande on Michael Jordan: “He can’t compete with the Warriors and the Joe Lacob’s and the Peter Guber’s and all these tech guys that are coming in. He can’t compete in that realm. Financially — as successful as he’s been — this is a whole different level that these tech guys and these venture capital guys are playing at. “And it frustrates him to no end that he can’t play at their level, when his whole life he’s used to playing at levels higher than everybody else. He can’t beat them in this realm.”

Warriors co-owner auctioning 2015 championship ring for coronavirus relief

Peter Guber is joining the “All In Challenge.”

Although they’re not on the court, members across the Golden State Warriors are staying busy during the COVID-19 pandemic. Players, coaches and the ownership group of the Warriors have been active in the fight against the coronavirus. 

Stephen Curry has set up a meal donation plan through his Eat. Learn. Play Foundation alongside his wife, Ayesha. The two-time Most Valuable Player also launched an informative COVID-19 resource guide that highlights his conversation with infectious disease expert Dr. Anthony Fauci. 

Next up is Peter Guber. The Golden State co-owner is donating his NBA championship ring from the 2015 Warriors’ Finals victory to the “All In Challenge” auction through Fanatics. 

The bidding started at $50,000 for the ring, with all 100% of the proceeds being donated directly to coronavirus relief efforts. 

Via @allinchallenge on Twitter: 

Guber is the latest to join the cast of professional athletes and entertainers for the All-In Challenge. Tom Brady, Magic Johnson, Justin Timberlake, Peyton Manning, Bill Murray and a large group of other high profile names have experiences listed for either raffle or auction. 

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