A chunk of the Golden State Warriors, the National Basketball Association’s most successful team over the past decade, is up for sale, according to people familiar with the matter.
A group of minority investors accounting for just over 10% are looking to offload their stake, said the people, who asked not to be identified discussing private information.
A potential valuation of $7 billion has been discussed, though one person said there has been push back from investors over such a high figure. Talks are ongoing and sale plans could change, the people said.
Read the full story on Bloomberg here.