HoopsHype Larry Ellison rumors

March 11, 2011 Updates

Of course, any Ellison/San Jose effort would involve Silicon Valley Sports & Entertainment, the company that runs the Sharks and the arena and has sought an NBA co-tenant for years. "We've always been interested in having an NBA team come to the facility," said Malcolm Bordelon, SVS&E executive president for business operations. San Jose Mercury-News

January 16, 2011 Updates
January 7, 2011 Updates

Oracle CEO Larry Ellison confirmed this week he tried to buy the New Orleans Hornets from outgoing owner George Shinn, but was rebuffed. One league source said Shinn turned down the offer because he thought Ellison intended to move the franchise to San Jose, Calif., and instead wanted to find a buyer committed to keeping it in New Orleans. The source said Shinn tried to sell the Hornets to minority owner Gary Chouset for less than Ellison’s offer before agreeing to sell the franchise to the NBA for $300 million. Yahoo! Sports first reported on Dec. 3 that Ellison – whose bid to buy the Golden State Warriors also failed – had conversations with the Hornets and was interested in moving a team to San Jose. Yahoo! Sports

Forbes reported this week that the Warriors could stand to make $100 million to $150 million if another team moved to San Jose, but a league source disputed that figure. Relocation fees are shared equally among all of the league’s franchises unless the board of governors voted to make a special exception and awarded the Warriors a larger share. The Warriors are expected to eventually seek a move to San Francisco, a franchise source said, and would likely fight another franchise’s attempt to move into the market. Yahoo! Sports

January 6, 2011 Updates

Larry Ellison, the billionaire CEO of Oracle who's had extraordinary success buying a string of tech companies, confirmed Wednesday that he recently failed in a second attempt to buy a professional basketball franchise, fewer than six months after his surprising loss in a bidding war for the Golden State Warriors. "I did offer $350 million" for the New Orleans Hornets, Ellison told reporters, adding that he was "slightly outbid" by the National Basketball Association when the league bought the bankrupt team last month from owners George Shinn and Gary Chouest. San Jose Mercury-News

Ellison's comments put a damper on the hope floated in a Forbes blog post that he planned to buy the team and move it to San Jose. The prospect was warmly greeted by San Jose officials, intrigued with the notion of another pro franchise moving to the city, but Ellison flatly said the report was "not true.'' San Jose Mercury-News

Ellison later told Bay Area News Group that he had not made up his mind about what to do with the Hornets, had he been able to buy them. "I was trying to buy the team first, and then figure out what I was going to do with it," he said. Still, the news that Ellison made an offer for the team demonstrated that the world's sixth-richest man, an avowed sports enthusiast, is undeterred by his failed effort to gain control of the Warriors. San Jose Mercury-News

A story on Forbes Magazine’s website that indicated Oracle CEO Larry Ellison, a billionaire who was unsuccessful in his attempt to purchase the Warriors, might be ready to buy the Hornets for $450 million and move the team to San Jose, Calif. Sources with knowledge of the Hornets’ situation dismissed the veracity of the story, and they said no talks with Ellison had taken place and that the goal remained to keep the team in New Orleans with local ownership. New Orleans Times-Picayune

December 3, 2010 Updates

If the Maloof family ever decides to sell the Sacramento Kings, Ellison could also emerge as a suitor for them. Yahoo! Sports

August 16, 2010 Updates

That could have been with the Warriors if Oracle boss Larry Ellison had bought the team. West has known Ellison for years and said the two talked several months ago about His Logoness as part of a possible management team in Oakland, West confirmed publicly for the first time. It appealed to West because of the relationship with Ellison and the proximity of an hour plane ride from West’s permanent home in Los Angeles, but became moot once Joe Lacob and Peter Guber beat Ellison to the Warriors in a surprise outcome. “I haven’t spoken to him since, but he would have been a great owner and I’m sure the people up there knowing his ability to get things done, it would have been a great thing,” West said, adding he has not spoken with Lacob or Guber. “But, obviously this other group was very, very impressive in their own right, and I’m sure that they’ll do a great job up there. That is a franchise that does have a lot of possibilities.” NBA.com

July 16, 2010 Updates

When mega-billionaire Larry Ellison somehow lost the Golden State Warriors to a partnership led by a venture capitalist named Joseph A. Lacob, the common reaction was, "Who?" Lacob — rhymes with Jacob — is not nearly as well known as several of his partners at Kleiner Perkins Caufield & Byers, where Lacob leads the Life Sciences group along with Brook Byers. But Lacob's upset over Ellison, Oracle's founder and CEO, has suddenly transformed him into a kingpin of Bay Area sports. "I think this is his arrival moment," said Jamis MacNiven, the owner of Buck's, the Woodside eatery popular with tech wheeler-dealers. Lacob, 54, is "at the top of his game." Some of the chatter at Buck's, MacNiven said, includes vicarious "gloating" that Ellison was beaten at his own game. But now Lacob has the task of winning over long-suffering Warrior fans who were openly rooting for Ellison and his deep pockets to turn the troubled franchise into a winner. So what kind of owner will Lacob be? San Jose Mercury-News

When Chris Cohan, the owner of the Golden State Warriors since 1995, put the team up for sale in March, he had a price in mind. That figure — $450 million — was met Thursday morning when dark-horse candidate Joseph Lacob, a part owner of the Boston Celtics, emerged as the majority owner of the team. Perhaps the bigger news was that Lacob's group, which includes Mandalay Entertainment CEO Peter Guber, had beaten out heavy favorite Larry Ellison, the billionaire CEO of Oracle, which has the naming rights to the Warriors' home court, the Oracle Arena in Oakland. "We're all about winning," said Lacob, a managing partner with Menlo Park-based venture capital firm Kleiner Perkins Caufield & Byers. "We think it's a very good opportunity as a business enterprise and the (financial) potential is there. But this is all about winning. We're going to change the course of the franchise." Oakland Tribune

July 15, 2010 Updates

The NBA is returning south of the border when the Los Angeles Clippers play the San Antonio Spurs in an Oct. 12 preseason game in Mexico City. It will be the league's 17th visit to Mexico City and 19th game in the country, the most matchups in any country outside the United States and Canada. ESPN.com

Oracle CEO Larry Ellison will not be the next owner of the Golden State Warriors. A potential deal between Ellison’s consortium, which includes the current Warriors’ minority ownership group, fell through, according to a source close to the negotiations. "Although I was the highest bidder, Chris Cohan decided to sell to someone else. In my experience this is a bit unusual. Nonetheless, I wish the Warriors and their fans nothing but success under their new ownership," Ellison said in a statement released Thursday. CSNBayArea.com

July 14, 2010 Updates

Meetings to finalize the Warriors' sale to billionaire software magnate Larry Ellison continued late into Wednesday night, the second consecutive workday that extended well past the close of business. Most sources with knowledge of the bidding process went mute Wednesday, signifying movement toward a deal that was deemed "imminent" a day earlier and sparking speculation about why there hasn't been a conclusion. San Francisco Chronicle

Sources who made time to talk continued to assure that Ellison, the Oracle Corp. CEO, will be the winning bidder. However, current owner Chris Cohan, according to sources, has two offers that will make the franchise's overall value more than $400 million. Ellison is looking to buy 80 percent of the team, leaving incumbent minority owners Michael Marks, Jim Davidson, John Thompson and Fred Harman in place. Mandalay Entertainment Group Chairman Peter Guber reportedly remains a viable suitor for 100 percent of the franchise, but sources said his group could be used only to boost Ellison's bid. San Francisco Chronicle

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