Feeds

Ellison loses bid for US basketball franchise

Warriors SoNotLarry's

The essential guide to IT transformation

Larry Ellison, as you all know, is accustomed to getting his way. But even the richest billionaire in Silicon Valley can't always get what he wants. And so it is with Ellison's desire to own the Golden State Warriors, where the chief executive officer of Oracle missed the jump ball to a Joe Lacob, a partner at Silicon Valley venture capital hot-shot Kleiner Perkins Caufield & Byers.

Perhaps it is a kind of revenge from Menlo Park? Perhaps Ellison should have bid on the Phoenix Suns instead? Perhaps some of the money that Lacob had to play with came from the fact that Kleiner Perkins was an early investor in the darling of the dot-com era, Sun Microsystems?

Ellison has wanted to own the Warriors for some time now, and at a press conference in the wake of the acquisition of Sun Microsystems in late January, there were almost as many questions from what was presumably a hand-picked crowd about Ellison's America's Cup yacht team and his impending bid for the Warriors as there were about what Oracle would do with Sun. Oracle has the naming rights to the Warrior's stadium in Oakland already, which is across the San Francisco bay from the hardware software giant's Redwood City headquarters.

According to various reports, Lacob outbid Ellison with a $450m bag of cash. This is the most money anyone has paid for a basketball team, the previous record being the $401m in cash that Robert Sarver, a San Diego banker, paid for the - wait for it - Phoenix Suns in 2004.

Maybe Ellison should set his sights on the Raiders? This seems more appropriate in so many ways. ®

5 things you didn’t know about cloud backup

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.