Galatioto Sports Partners, the leading sports advisory firm in North America, is pleased to announce the signing of a Purchase Agreement for the sale of the Golden State Warriors to an investor group led by Kleiner Perkins Caufield & Byers Managing Partner Joe Lacob and Mandalay Entertainment Group Chairman Peter Guber.  The sale price is $450 million, a record price for a NBA team.  The sale is subject to final closing and NBA approval.

“I am incredibly excited to have the opportunity to be the next steward of this storied NBA franchise. This is my dream come true,” said Joe Lacob, managing partner with Kleiner Perkins Caufield & Byers. “Peter and I intend to do what we do best– innovating and building. It is our passion to return the Warriors to greatness and build nothing short of a championship organization that will make all of us in the Bay Area proud.”

“I look forward and appreciate the opportunity to help make the future of the Golden State Warriors franchise become an even greater story to tell,” said Peter Guber, Mandalay Entertainment Group Chairman.

The Warriors were advised in the sale by Galatioto Sports Partners and represented by the law firm of Covington & Burling LLP, and the buyers were advised by Game Plan LLC and represented by the law firm of Katten Muchin Rosenman LLP.

“The sale process was extremely competitive and the price reflects the Warriors’ exceptional fan base, the outstanding demographics of the Bay Area, the high level of interest in the team and the strength of the NBA,” said Sal Galatioto, President of Galatioto Sports Partners.

“As I conclude my tenure as owner of the Warriors, I wanted to take this opportunity to express my sincerest gratitude, and to personally say thank you to the ‘best fans in all of sports,'” said Warriors Owner Christopher Cohan.  “It’s a phrase that is too often utilized by players, coaches, executives and owners in all sports leagues, but I can say without reservation and unbridled conviction that Warriors fans have earned the sole right of that honor and distinction.  Thank you for making Golden State Warriors basketball the incredible fan experience that it has become.”