Peter Guber Rumors

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These were the San Francisco Warriors until 1972, when Oakland became their home on the other side of The Bay. Now, more than seven years after venture capitalist Joe Lacob and entertainment magnate Peter Guber headed a new ownership group that bought the team and made it clear from the start that they were San Francisco-bound, everything old is new again. And, as they see it, well-earned. “A lot of (the reaction) is relief, to get to this point, because this has been a hard, hard thing to do,” Lacob told USA TODAY Sports. “(It was) the hardest thing I’ve ever done, and I’ve been involved – over 30 years – in a lot of companies, and some went down, some succeeded, but this is a tough thing. I have great respect for any owner who gets a new stadium or arena done. It’s hard.”
Storyline: New Warriors Arena
While there are plenty of critics of the move, including a passionate contingent from the region’s East Bay that alleges the organization never truly embraced the city of Oakland, it certainly helps the optics that the Warriors are footing the $1 billion bill for the privately-financed venue. The combination of the arena becoming a reality and the Warriors’ recent success on the court is the kind of thing that seemed unlikely just a few years ago, when so many folks looked sideways at Lacob and Guber when they would talk about building a global brand. “I think the way it was put (during the ceremony) was ‘The Madison Square Garden of the West,’” Lacob said. “Madison Square Garden is a pretty unbelievable place, and to be the Madison Square Garden of the West … I think is a pretty big – if you can achieve that, that’s pretty good.”
How do you get people to go to a pro sports game? Peter Guber: It’s like making a franchise of Star Wars or Batman—in my case, Batman. When you build a franchise, the fans in a sense own the characters in the franchise. When you build a team, the fans have to own the team. I was always interested in sports, but I like the relationship between the players, the brand, the bond, the fans, the product and the experience when you put them all together—the brew you have is something quite unique.