Ellison wants another failing Bay Area giant
First Sun. Now the Warriors
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Larry Ellison clearly has a soft spot in his wallet for struggling San Francisco Bay institutions.
On Wednesday, Oracle's chief executive finally confirmed long-standing rumors that he's trying to buy the Golden State Warriors, the Oakland, California-based professional basketball franchise. The question is whether the team's current owner Chris Cohan will sell.
At a public event outlining Oracle's roadmap for its stalled $5.6bn acquisition of Sun Microsystems, one audience member seized the opportunity to plead with Ellison to buy the team.
"I'm trying, I'm trying," said Ellison, before adding: "Unfortunately, you can't have a hostile takeover of a basketball team."
Although many Warriors fans have speculated that Ellison, the world's fourth-wealthiest man, is interested in owning the franchise, yesterday was the first time he has publicly admitted his intentions.
Oracle already owns naming rights to the home of the Warriors: the Oracle Arena in Oakland — which is only a half-hour drive from the company's headquarters.
The Warriors have performed poorly in recent years under the auspices of Cohan. The team is in last place in the league's Pacific Division with a season record of 13 wins and 31 losses. ®
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COMMENTS
Zillionaires love to pour money down ratholes
Now he's going to be paying out to keep a basketball team going, can movie production be far behind? A Larry Ellison production, with Stephen Seagal as a retired cop running a creche on an asteroid about to hit the moon and knock the Earth out of orbit and into a black hole newly created by the LHC under the control of a rogue Vatican priest searching for the secret of the Holy Grail in ancient documents concealed for centuries by the Freemasons and accidentally found by Sandra Bullock's character of a ditzy undercover insurance investigator pursuing phony life insurance claims by a time-traveller's wife (played by Keanu Reeves).
Q: What's the difference between Larry Ellison and God?
A: God doesn't think he's Larry Ellison.
30min drive?
When was the last time you managed to get across any of the bridges from redwood shores in less than 30mins? At least an hour is more reasonable, even without traffic.
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