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Tech superstar Larry Ellison wants to buy the Golden State Warriors

Oracle CEO Larry Ellison is well known for opening the checkbook to purchase rival tech companies, but Ellis recently disclosed he has a new business venture in mind:  the Golden State Warriors basketball team.

The Warriors, who play in Oakland's Oracle Arena, have struggled as its upper management has been a complete mess, while the team has been unable to gel properly.  Chris Cohan, current Warriors owner, is unpopular and considered by many NBA bloggers as irrelevant and detrimental to the team.

"I'm trying, I'm trying," Ellison told reporters during a recent meeting at the company's Redwood Shores headquarters.  "Unfortunately, you can't have a hostile takeover of a basketball team."

According to the Warriors, Ellison hasn't reached out and made an offer... yet.

The Warriors made the NBA Playoffs just a couple seasons ago, but front office issues and a young team have severely hindered the team.  Sports writers and tech bloggers indicate Ellison  may be a good fit because he has the money and influence to make some drastic changes -- and he knows when it's time to hire the right people, and then let them do their jobs.

The team now has a 13 -  31 record, last place in the Pacific Division, and remains one of the worst teams in the NBA.  It's unknown how much Ellison would need to pay for the franchise, but with a $27+ billion net worth in 2009, he should be able to handle the bill.

Even though the team has been horrible, the Warriors still have the 10th best home attendance and 14th highest capacity percentage in the league -- bringing in 18,116 people to Oracle Arena each evening.

Ellison is already being compared to fellow tech-billionaire Mark Cuban, who bought the Dallas Mavericks and turned the team into one of the best franchises in the country.



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In related news...
By porkpie on 1/29/2010 1:07:08 PM , Rating: 2
Oracle CEO Larry Ellison took a dump this morning.

This is tech news?




RE: In related news...
By Cullinaire on 1/31/2010 11:11:24 AM , Rating: 2
I detect jealousy.


RE: In related news...
By porkpie on 2/1/2010 2:57:56 PM , Rating: 3
You detect a person that doesn't want to read NBA scores on a tech site.


RE: In related news...
By MrBlastman on 2/1/2010 3:21:26 PM , Rating: 2
I wonder if he's going to require them to shave their eyebrows off like he does...

Don't believe me? Go look at all his pictures for the past decade.


Hmm
By adiposity on 1/29/2010 11:50:26 AM , Rating: 2
quote:
Chris Cohan, current Warriors owner, is unpopular and considered by many NBA bloggers as irrelevant and detrimental to the team.


Both irrelevant and detrimental? Um...

quote:
Ellison is already being compared to fellow tech-billionaire Mark Cuban, who bought the Dallas Mavericks and turned the team into one of the best franchises in the country.


And whose team, a couple years ago, was knocked out of the playoffs in the first round by none other than...the GS Warriors. lol




RE: Hmm
By CENGJINYIWEI on 1/31/10, Rating: -1
"If you look at the last five years, if you look at what major innovations have occurred in computing technology, every single one of them came from AMD. Not a single innovation came from Intel." -- AMD CEO Hector Ruiz in 2007

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