In 2007 The Golden State Warriors had ever fan "Believing" as they made the NBA playoffs after an 12 year absent. There were yellow shirts and signs everywhere you looked in the Bay Area, that read " We Believe". Three years later the team is 19-51 and up for sell. Current owner Chris Cohan owed the IRS more than $160 million in back income taxes in 2007 and finally decided that its enough is enough. The team could have a new owner sooner than expected. Oracle CEO Larry Ellison, who owns the naming the right to Oracle Arena where the team currently plays, could step in and purchase the team. Ellison has been in a bitter battle with Cohan for the past few years, as he has tried to buy the team. Well he could finally get his wish, but what does this mean for the future of the bay area franchise?
The Warriors like the Oakland A's are originally from Philadelphia, could the both teams be on the move again in the near future? Everyone alreadys know the situation involving the A's and their potential exodus to Fremont, San Jose or wherever. I wrote a blog about a month entitled " The Future of Sports In The Bay Area", and looks like the future will be a very interesting one.
Let's hope that if Mr. Ellison does become owner of the team, he doesn't move the team out of the bay area. Last month he mention that if no deal with the Warriors even happened, he would look for another NBA team to purchase and move that team to San Jose. Oracle is a computer company and we all know that Silicon Valley is the technology captial of the California. But now seems like they wanna become the sports captial as well, San Jose is already home to the NHL's (National Hockey League) Sharks, and the minor-league baseball-affiliated of San Francisco's Giants. If they added the A's or Warriors it would definately effect the bay area economically and finanically. A lot of jobs could either be moved or lost with these teams.
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