Golden State Warriors have a net worth of $4.7 billion according to Forbes, behind only the Knicks while overtaking the Lakers.
10 years ago, Joe Lacob bought the Golden State Warriors for a bargain deal of $450 million. Back then, the franchise was going through a rough patch. Joe bought the Warriors in 2010. At that point, the Warriors had made the playoffs only once in 17 years.
Joe Lacob turned the franchise around, with his strategic decisions and his front office. Ever since he bought the franchise, the Warriors have made the playoffs in 7 out of the 10 years and went to the NBA Finals in 5 of those years. In their 5 trips to the Finals, the Dubs have won 3 titles.
How did the Golden State Warriors increase their worth by over 1000%?
The Golden State Warriors just recently crossed the Los Angeles Lakers and took the 2nd spot in the list of the wealthiest NBA franchises. They trail only the New York Knicks, who hold the top spot at a net worth of $5 billion.
As per Forbes, even though the Warriors’ season was cut short due to the COVID-19, their revenue generated was an NBA best $474 million. This is despite the fact that they had the worst record in the entire league, and all of their superstars out due to injury.
The Warriors have bolstered their net worth so much within the span of a decade due to some excellent decisions by the front office, and their superstar Stephen Curry.
Warriors on the rise 💯 Golden State now ranks 2nd on Forbes’ list of NBA franchise valuations, with a $4.7 billion price tag.https://t.co/FQMY8VHt67
— Warriors Nation (@WarriorNationCP) February 13, 2021
Ever since the Warriors won the 2014-15 title, Steph became a household name. He currently is one of the most popular sports personalities in the world.
Currently, the Warriors are having a turbulent season, with a 14-12 record. They are missing their star Klay Thompson for the second straight year due to injury. The Dubs would try to weather this storm, riding on Stephen Curry’s excellence. They face a huge challenge tonight in form of their former player Kevin Durant and his Brooklyn Nets.