Warriors projected to eclipse $700 million in revenue this year

The Golden State Warriors are getting back to business. After two years of pandemic challenges, the NBA franchise has resumed its plan to become the most valuable sports franchise in the world. The Warriors are valued at more than $5 billion, up from a $3.5 billion value before the pandemic, and projected to eclipse $700 million in revenue this year, according to people familiar with the team’s financials. The club has a plan for driving growth that includes a new cash stream in the recently launched Golden State Entertainment division. The venture follows similar efforts in rolling out an in-house ticket exchange, a partnership with a cryptocurrency company, and leveraging the blockchain sector to cash in on NFTs, or non-fungible tokens.