The Golden State Warriors professional basketball team says it isn’t obligated to keep paying debt service on $140 million of bonds to upgrade their arena in Oakland, California, after the team moves in 2018.
The Golden State Warriors’ new San Francisco arena will host concerts, ice dancing and dog shows to complement basketball games when the 18,000-seat venue opens for the 2018-19 season, team President Rick Welts said today.
The Golden State Warriors basketball team agreed to buy undeveloped land in San Francisco from Salesforce.com Inc. and will build an 18,000-seat arena at the site, said a person with knowledge of the transaction.
Peter Guber, chief executive officer of Mandalay Entertainment Group and co-owner of basketball’s Golden State Warriors, joined Magic Johnson’s contingent trying to buy Major League Baseball’s Los Angeles Dodgers, a person with knowledge of the situation said.
Joe Lacob and Peter Guber bought the Golden State Warriors for $450 million, spending a record amount for a team that had the second-worst record in the National Basketball Association during the current owner’s tenure.
Joe Lacob leaped out of his courtside seat as the final shot arched toward the basket. As it swished through for a Golden State victory, the venture capitalist and Warriors owner danced onto the court.
Peter Guber, chief executive officer of Mandalay Pictures LLC, and Joe Lacob, a partner at Kleiner Perkins Caufield & Byers, won a bid for the National Basketball Association’s Golden State Warriors, CNBC reported.
Sony Corp. will cut $250 million in costs at its entertainment units over two years, part of Chief Executive Officer Kazuo Hirai’s plan to boost profit and keep full ownership of the movie, TV and music businesses.