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Golden State Warriors Record Highest Revenue Among NBA Teams – $474M in 2019/20 Season

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The Golden State Warriors (GSW) have recently risen from its days at the bottom of the NBA standings to a powerhouse that won 3 world championships from 5 straight Finals appearances from 2015-2019.

Success on the court also means success for its majority owner Joe Lacob who purchased the team in 2010 for what now seems like a bargain, at a price of $450M. According to data presented by Safe Bet, the Golden State Warriors had the highest revenue among NBA teams for the 2019/20 season with $474M.

GSW Created A Dynasty On Its Way to NBA’s Highest Revenue

The Warriors enjoyed a popular period in the late ’80s and early ’90s but struggled mightily in what is known as the “Wilderness Years” from 1997-2009. In 2010 a 19 person ownership group spearheaded by Joe Lacob purchased the Golden State Warriors for 450M from Chris Cohan, a change many felt sparked the rejuvenation of the franchise.

The new ownership group’s intentions were clear with investments being made in the right direction. Smart draft picks of prospective young talents such as Klay Thompson, Harrison Barnes and Draymond Green made GSW a consistent playoff team. Future superstar and back-to-back league MVP Stephen Curry was also drafted in 2009, setting the Warriors up for a rebuild ahead of its most successful period in franchise history.

The Warriors recent success and proactive investments by the owners such as the Chase Center have made it the second most valuable team in the NBA behind only the New York Knicks with a franchise value of $4.7B.Golden State’s $474M revenue is also the highest among NBA teams for the 2019/20 season.

Chase Center Final Piece in the Puzzle For Lacob and GSW

2014 also marked the year that Joe Lacob and the Warriors ownership group began purchasing the Warriors’ new home which was finalized in 2015 as the Chase Center. The new arena had its grand opening on September 6, 2019. The first official regular-season NBA game was played on October 24, 2019, when the Warriors hosted the Los Angeles Lakers in a losing effort.

The Chase Center is a modern marvel and is a considerable upgrade from GSW’s former home, the Oakland Arena which was known as Oracle Arena from 2006-2019. The Oakland Arena first opened in 1966 and was last renovated more than 20 years before the Warriors decided to move.

The Warriors needed a venue that represented its recent success on and off the court and delivered just that with the Chase Center, named after JPMorgan Chase purchased the naming right of the arena. Before the pandemic, it was estimated that the Warriors earn a revenue of $7M per home game at their new home from concessions, tickets and premium seating. The team’s sponsorship revenue also increased by an estimated 54% in the new arena

Forbes values Chase Center at just over $1.4B and credits the new arena for the rise in value of the GSW brand: “the new arena is why the Warriors surpassed the Lakers as the league’s second most valuable team.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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Sport Business

Eni Aluko Breaks Barriers: First Black Female Football Club Owner in Italy

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Eni Aluko

Eni Aluko, former sports director for Aston Villa and Angel City, has shattered the glass ceiling by becoming the first black female football club owner in Italy.

Aluko’s journey from the pitch to the boardroom marks a monumental shift in the traditionally male-dominated realm of football ownership.

Aluko’s foray into ownership comes through her involvement with the Mercury 13 group, a consortium dedicated to revolutionizing women’s football.

This $100 million investment group, named after the 13 female pilots who passed the same rigorous testing as NASA’s original Mercury 7 astronauts, aims to elevate the status of women’s football teams across Latin America and Europe.

Their recent acquisition of a majority stake in FC Como Women, situated in northern Italy, underscores their commitment to this vision.

For Aluko, this milestone isn’t just about personal achievement; it’s about paving the way for future generations of black sports investors and female football enthusiasts.

“Representation matters,” Aluko emphasized in a recent interview. “As the first, I understand the significance of this moment. But more importantly, I see it as an opportunity to inspire others and to promote diversity and inclusivity in the beautiful game.”

Aluko’s transition from player to owner is a testament to her unwavering dedication to football.

Having retired from professional play, she has seamlessly transitioned into roles in sports broadcasting and now ownership, leveraging her extensive experience and expertise to drive meaningful change within the industry.

The significance of Aluko’s ownership stake extends far beyond the confines of FC Como Women. It serves as a beacon of hope and inspiration for marginalized communities within football, signaling that barriers can be broken and dreams can be realized regardless of race or gender.

The Mercury 13 group’s investment in FC Como Women is poised to catalyze a new era for the club and women’s football in Italy as a whole.

With Aluko at the helm, there is an undeniable sense of optimism and momentum surrounding the future of the team and the broader movement for equality within the sport.

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Joshua Dominates Ngannou with Second-Round Knockout in Saudi Arabia Showdown

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Nigerian British boxer Anthony Joshua showcased his prowess by delivering a second-round knockout against UFC heavyweight champion Francis Ngannou.

The thrilling encounter unfolded with Joshua demonstrating his technical skill and power, overwhelming Ngannou with his calculated strikes.

From the outset, Joshua asserted his dominance, landing a formidable right hand in the opening round that set the tone for the match.

Despite Ngannou’s resilience, Joshua continued to press forward, maintaining control of the bout.

As the second round commenced, Joshua unleashed another powerful right hand that visibly rocked Ngannou.

Despite his efforts, Ngannou found himself on the canvas once more, unable to withstand Joshua’s onslaught.

The referee swiftly called an end to the contest, declaring Joshua the victor by knockout.

The electrifying showdown left fans in awe as Joshua’s precision and strength proved too much for Ngannou to handle.

Although Ngannou required medical attention post-fight, Joshua’s display of sportsmanship and skill highlighted his status as a formidable force in the world of boxing.

The victory solidifies Joshua’s position as a top heavyweight contender and sets the stage for future thrilling matchups in the world of combat sports.

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South Africa Clinches Africa Cup of Nations Bronze in Penalty Drama Against DR Congo

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In a riveting encounter at the Africa Cup of Nations (AFCON) third-place playoff, South Africa emerged victorious against the Democratic Republic of Congo (DR Congo) in a nail-biting penalty shootout to secure the bronze medal in the prestigious tournament.

The match, which ended in a goalless draw after regulation time, saw South African goalkeeper Ronwen Williams once again emerge as the hero, making crucial saves during the penalty shootout to propel his team to victory.

The DR Congo team displayed commendable resilience throughout the match, creating numerous goal-scoring opportunities and maintaining an attacking threat against the South African defense.

Ultimately, it was South Africa’s Siyanda Xulu who converted the decisive penalty kick, securing the win for Bafana Bafana.

The victory marked South Africa’s perfect record in third-place playoffs, having clinched a similar victory 24 years prior against Tunisia.

The bronze medal victory serves as a testament to South Africa’s resilience and determination in the face of formidable opposition.

As the tournament concludes, the thrilling encounter between South Africa and DR Congo will be remembered as a highlight of the 2024 AFCON edition, showcasing the passion and skill of African football on a grand stage.

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