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Oracle CEO Ellison confirms plans to buy NBA's Warriors

Discussion in 'NBA Dish' started by madmonkey37, Jan 27, 2010.

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  1. madmonkey37

    madmonkey37 Member

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    Oracle CEO Ellison confirms plans to buy NBA's Warriors
    By John Letzing, MarketWatch

    SAN FRANCISCO (MarketWatch) -- Oracle Corp. Chief Executive Larry Ellison confirmed speculation on Wednesday that he's attempting to buy struggling National Basketball Association franchise the Golden State Warriors.

    At a public event held at Oracle's (NASDAQ:ORCL) Redwood Shores, Calif., headquarters, Ellison responded to a plea from an audience member that he buy the Warriors by responding: "I'm trying, I'm trying."

    "Unfortunately, you can't have a hostile takeover of a basketball team," Ellison quipped.

    As CEO at corporate software giant Oracle, Ellison has pursued a strategy of launching a series of takeovers of various rivals over the years. On Wednesday, Ellison was officially discussing the company's recent $5.6 billion purchase of Sun Microsystems Inc.

    The Warriors have played poorly in recent years under current owner Chris Cohan. The NBA franchise, based in Oakland, Calif. -- a roughly half-hour drive from Oracle's headquarters -- has logged a record this season of 13 wins and 30 losses, and is in last place in the league's Pacific Division.

    The team has been forced to rely on a core of talented if relatively inexperienced guards, while also suffering a series of injuries.

    Oracle currently owns the naming rights to the Warriors' home, Oracle Arena.

    Ellison has long been rumored to have an interest in buying the Warriors. News of the CEO's negotiations for the team was first reported in the San Jose Mercury News.

    An Oracle spokeswoman declined to comment.

    http://www.marketwatch.com/story/story/print?guid=E8163673-ECAD-4B07-B9F7-9836077BE8BD
     
    #1 madmonkey37, Jan 27, 2010
  2. BetterThanEver

    BetterThanEver Member

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    That's big news for the Warriors. It's as big as Paul Allen buying the Portland Trailblazers.

    I can see a Portland Trailblazers style revival, a new moneyball GM, and an open wallet for draft picks.

    I love sports teams that can turn it around.
     
    #2 BetterThanEver, Jan 27, 2010
  3. MONON

    MONON Member

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    Hopefully the 1st order of business would be the firing of Don Nelson.
     
    #3 MONON, Jan 27, 2010
  4. s land balla

    s land balla Member

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    I was listening in on a conference call that my boss was having with Ellison back in November.

    Dude is a complete *******.
     
    #4 s land balla, Jan 28, 2010
  5. The_Yoyo

    The_Yoyo Member

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    good news for the warriors management there has totally screwed up what was an exciting up and coming team just a few years ago
     
    #5 The_Yoyo, Jan 28, 2010
  6. The Real Shady

    The Real Shady Member

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    I think he's kind of funny, but I can see how he can be an a-hole. His take on cloud computing had me cracking up.

    <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/8UYa6gQC14o&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/8UYa6gQC14o&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>
     
    #6 The Real Shady, Jan 28, 2010
  7. charlieaustin

    charlieaustin Member

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    Completely agree! If you are in technology you know he is the anti-christ.
     
    #7 charlieaustin, Jan 28, 2010
  8. emjohn

    emjohn Member

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    That would be terrific for the Warriors.
     
    #8 emjohn, Jan 28, 2010
  9. BetterThanEver

    BetterThanEver Member

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    The richer you are, the more you can be a jerk. It comes with the territory.
     
    #9 BetterThanEver, Jan 28, 2010
  10. Dr of Dunk

    Dr of Dunk Clutch Crew

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    At the level of CEO that he is, you have to be at least somewhat of an ass to make it that high. Gates, Jobs, Ballmer, Ellison, etc. were all asses to a point. That clip posted above is hilarious, though, and he's so right.

    It's incredible that Ellison is in his 60's and still looks that young.
     
    #10 Dr of Dunk, Jan 28, 2010
  11. Dr of Dunk

    Dr of Dunk Clutch Crew

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    This is an interesting comment. I wonder if he'd be willing to throw his money around like Allen has. Ellison would instantly become the richest owner in the league by far as his net worth is probably twice Paul Allen's.
     
    #11 Dr of Dunk, Jan 28, 2010
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