"We came back [to the Finals]. With that, Lacob is considered a billionaire today, and his wealth is estimated to be around $1.2 billion. Shame!''. We've received your submission. But if you give me a price you will absolutely take, I will give you an answer, yes or no.. Not until we can take care of ourselves will I prioritize them over us. The NBA has approved Arctos Sports Partners ' purchase of approximately 5% of the Golden State Warriors, according to multiple people familiar with the sale. kgb answers Sports Basketball How many championships have the golden state warriors won. In recent months, the 11-year NBA veteran has used social media and specially designed clothing during NBA games to bring awareness to and criticize Chinas treatment of the Uyghur community, a Muslim minority in the countrys far west. The Great Recession briefly turned the NBA into a buyers market, and the Charlotte Hornets, Brooklyn Nets, and Washington Wizards all sold for between $200 million and $310 million in 2010. Lacobs purchase of the Warriors was the largest sale of a team in the league's history at that time. After Tuesday's shootaround, Warriors star Andrew Wiggins was asked about Palihapitiya's comments and made it clear they have different beliefs. Instead, an owner looking to get out typically uses an intermediary who identifies potential buyers and conducts a behind-the-scenes auction. TimesMojo is a social question-and-answer website where you can get all the answers to your questions. Who did the Warriors trade? As per Forbes, the 66-year-olds net worth stands at $1.5 billion. They decided to pull an end run around Sal Galatioto and approach Cohan directly. Off the back of his career at Kleiner Perkins, Lacob invested in the American Basketball League, a professional womens baskett association, as well as the Boston Celtics. Offers may be subject to change without notice. Today they announced the addition of Wade. The Golden State Warriors, who are worth $4.7 billion. Six MLR franchises have a majority or minority owner with a background as player or coach (or both) with the U.S. Eagles. In a Twitter post to his 1.5 million followers, he wrote that "important issues deserve nuanced discussions. Jun 17, 2015, 8:39 AM. But opting out of some of these cookies may affect your browsing experience. Net Worth: $5 billion. To be clear, my belief is that human rights matter, whether in China, the United States, or elsewhere. When Golden State Warriors minority owner Mark Stevens shoved Toronto Raptors guard Kyle Lowry during the 2019 NBA Finals, the calls for a lifetime ban were immediate and numerous. Golden State Warriors operating income from 2001/02 to 2021/22 (in million U.S. dollars). I sold an initial tranche in [December 2021] and last week I sold my remaining stake to existing investors, Palihapitiya wrote. Kimball Kjar, majority owner of the Utah Warriors, was an All-American Collegiate Player in 2001. Freedom has also raised awareness to Chinas treatment of Tibet, Taiwan and Hong Kong, and has more recently called for a boycott of the 2022 Beijing Winter Olympic Games in protest. Lacob gave Guber, who owns a smaller share, all but equal standing because Guber brought four decades of connections in movies, music, sports and media to the deal. Clippers owner Steve Ballmer is Americas richest sports owner for the eighth consecutive year, according to Forbes. Co-host David Sacks said the average person would care when the topic is presented to them, but Palihapitiya continued: I care about the fact that our economy could turn on a dime if China invades Taiwan I care about climate change I care about Americas crippling and decrepit health care infrastructure. As a refugee, my family fled a country with its own set of human rights issues so this is something that is very much a part of my lived experience. Robert Boland, professor of sports management at NYU whose firm, Boland Sports Practice Group, consulted on the recent sale of the Bills, calls minority ownership "the back door to [principal]. However, you may visit "Cookie Settings" to provide a controlled consent. I'm telling you a very hard, ugly truth, OK, of all the things that I care about, yes it is below my line.''. In [November 2021], after 11+ years, I began a process to sell my ownership in the Warriors. The NBA on Thursday fined Golden State Warriors minority owner Mark Stevens $500,000 and banned him from games and all other team events for . Get your seats to Golden State Warriors games with SI Tickets; This year, after getting healthy, Wiseman only played in 21 games for Golden State prior to the trade, averaging just 12.5 minutes . Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 'Whatever seed we are, we're ready': Is there room for Cleveland among the East elite? Freedoms comments have prompted a backlash in China, with Celtics games being pulled by Chinese video streaming site Tencent and the government criticizing Kanters comments. The fastest growing NBA franchise is also the Golden State Warriors, with a 100% increase in valuation since the 201718 NBA season ($3.5 to $7 billion). He also became owner and executive chairman of the Los Angeles Football Club (LAFC) in October 2014. When genocides happen, it is people like this that let it happen. Necessary cookies are absolutely essential for the website to function properly. The Sacramento Kings, Milwaukee Bucks, Los Angeles Clippers, and Houston Rockets all subsequently broke the record, but the Golden State Warriors turned NBA valuations on their head by selling for $450 million in 2010. The Golden State Warriors public relations team is distancing the franchise from minority owner, Chamath Palihapitiya, after the billionaire boldly stated "nobody cares" about the Uyghur. Pushing Lowry has obscured the life and reputation Stevens had built. Palihapitiya has a minority stake in the Warriors, but not enough to have any say in day-to-day operations. Mieuli, who will remain a minority owner, said goodbye to Warriors employees Tuesday before leaving for a vacation in Europe. This website uses cookies to improve your experience while you navigate through the website. appreciated. This article is a list of principal owners (referred to as "Governors" in official NBA parlance) of National Basketball Association teams: Franchise Principal Owner(s) . The small ownership group has previously consisted of tech leaders, including legendary investor and Accel partner Ryan Sweeney, and Atlassian co-founder Mike Cannon-Brookes in addition to the Miller family. Which Teeth Are Normally Considered Anodontia. In 2010, the venture capitalist chipped in $25 million to become one of the franchise's co-owners with Joe Lacob, Peter Guber and others. The NBA and the Golden State Warriors announced on Thursday that minority owner Mark Stevens is banned from attending any NBA games and Warriors activities over the next year and that he. All rights reserved. Thanks for contacting us. The latest ranking reported that the Golden State Warriors is the most valuable NBA franchise after the 202122 NBA season. The Athletic reported they found Cohan at his sons lacrosse tournament in Baltimore and told him that they were dropping out if he didnt accept their final offer. EMMY NOMINATIONS 2022: Outstanding Limited Or Anthology Series, EMMY NOMINATIONS 2022: Outstanding Lead Actress In A Comedy Series, EMMY NOMINATIONS 2022: Outstanding Supporting Actor In A Comedy Series, EMMY NOMINATIONS 2022: Outstanding Lead Actress In A Limited Or Anthology Series Or Movie, EMMY NOMINATIONS 2022: Outstanding Lead Actor In A Limited Or Anthology Series Or Movie. Follow us on Twitter @sportscasting19. They were the first ever NBA champions in 1947. Did you encounter any technical issues? Of the three major sports leagues in the U.S., the NFL, NBA, and MLB, only one principal owner is black. His movies have earned $3 billion worldwide and have gained over 50 Academy Award nominations. The cookie is used to store the user consent for the cookies in the category "Analytics". They have a value of $1.3 billion and there has been 0% change during 1 year. A venture capitalist who is also a minority owner of the Golden State Warriors was banned by the team from attending any of the remaining NBA Finals games and fined $500,000 after he shoved a . The exact breakdown of the franchise's minority owners isn't known, though the team told The Athletic's Zach Buchanan in April 2020 that "around 10" minority partners. The New Orleans Pelicans were the lowest-valued team ($1.6 billion), while 12 teams are worth more than the average figure of $2.87 billion the Miami Heat ($3 billion), Raptors ($3.1 billion), 76ers ($3.15 billion), Houston Rockets ($3.2 billion), Mavericks ($3.3 billion), Brooklyn Nets ($3.5 billion) and LA Clippers. Swiss-born Boston Celtics center Enes Kanter Freedom expressed his outrage on social media. 2? Of all the things that I care about, it is below my line., When @NBA says we stand for justice, dont forget there are those who sell their soul for money & business like @chamath the owner of @warriors,who says Nobody cares about whats happening to the UyghursWhen genocides happen, it is peoplelike this that let it happenShame! I care about [empty shelves at grocery stores]. Last month, the owners of the Golden State Warriors quietly approached the National Basketball Association for approval to sell a minority stake in the team not to another business mogul, but to Palihapitiya continues to hold a minority stake in the . Enes Kanter #13 of the Boston Celtics reacts before the game against the Washington Wizards at TD Garden on October 27, 2021 in Boston, Massachusetts. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. He is worth $2.3 billion, according to . People may receive compensation for some links to products and services on this website. Though the Warriors play in Oracle . Ap/Jed Jacobsohn. Contribute Now. On the latest edition of his All-In Podcast, Palihapitiya dismissed the situation in China, which is accused by the U.S. of genocide and crimes against humanity because of the treatment of the Uyghurs Muslim minority population in the Xinjiang region in northwest China. I care about Americas crippling and decrepit health care infrastructure. I acknowledge that entirely. Lacob at a Golden State Warriors game in 2011. Boston Celtics center Enes Kanter Freedom was one of the prominent critics of Palihapitiyas comments on the Uyghurs. The $525 million price was the second-most ever paid for an NBA team. Joseph Steven Lacob (born January 10, 1956) is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). The value of the team is up almost tenfold since then, and his 25% stake is worth more than $900 million, net of debt. The 201516 Golden State Warriors season was the 70th season of the franchise in the National Basketball Association (NBA), and its 54th in the San Francisco Bay Area. 1. Per the report, Snyder has no intention to sell. However, only Cohan knew that Lacob and Guber had gone outside the process that had begun in March 2010. Bernard Arnault is the CEO and Chair of LVMH (Mot Hennessy Louis Vuitton) and his net worth is $198.4 billion, meaning Elon Musk was overtaken as the worlds richest man in 2022. This cookie is set by GDPR Cookie Consent plugin. 2022 - 2023 Times Mojo - All Rights Reserved #1 Golden State Warriors Team Value 1 $7B Calculated October 2022 Owner (s) Joe Lacob, Peter Guber Championships 7 Year Purchased 2010 Price Paid $450M Revenue 2 $765M Operating Income 3 $206M. The Sri Lankan billionaire venture capitalist acquired a, Thats to say that a player can earn significantly less than the minimum, if hes on a multiyear deal that nets him a lower salary per year. James has earned more than $1 billion during his 18-year career, with nearly $400 million in salary and more than $600 million in off-the-court earnings, but that doesnt make him a billionaire. All Rights Reserved. Some clarifying comments: "In re-listening to this week's podcast, I recognize that I come across as lacking empathy. Shame!, Visit CNN.com/sport for more news, features, and videos, When asked for their reaction to Palihapitiyas comments, Chinese Ministry of Foreign Affairs spokesperson Zhao Lijian said at a briefing on Tuesday: I have not heard the relevant information you mentioned. After the backlash, he responded on Twitter and explained that he realized his comments lacked empathy and that he recognizes that human rights matter., As CNBC noted, the Biden administration calls Chinas abuse of Uyghurs and members of other Muslim minorities widespread, state-sponsored forced labor and mass detention. The White House also announced a diplomatic boycott of the 2022 Winter Olympics, set to occur in Beijing, due to what it calls ongoing genocide and crimes against humanity., Palihapitiyas stake in the Warriors is approximately 10 percent. Goodell allegedly signed off on a $50 million loan for Snyder in 2018 that was disputed by Washington's minority owners. SAN FRANCISCO -- Billionaire Chamath Palihapitiya, a minority owner of the Golden State Warriors, is under fire for saying "nobody cares" about the Uyghurs in China, and the team is distancing itself from him. Lacob and Guber purchased the Warriors for $450 million in 2010. According to Sportico, Los Angeles Lakers star LeBron James has now earned over $1 billion dollars between his on-court and off-court endeavors. The Sri Lankan billionaire venture capitalist acquired a ten per cent share in the Warriors in 2010 for US$25 million as part of the US$450 million takeover deal. The team generated $765 million in revenue and $206 million operating income during the 2021-2022 season, both the most in NBA history. But if youre asking me do I care about a segment of a class of people in another country? With Robert Pera being the owner, the club has an operating income of $22 million. The Warriors'. This cookie is set by GDPR Cookie Consent plugin. Lacob made the majority of his money from working at venture capital firm Kleiner Perkins. "The money part didn't really matter to me because from a pure business standpoint the NBA is doing great," Rodgers said. He helped the social media giant grow into the massive company that . In total, the Warriors have won four NBA championships. Billionaire Chamath Palihapitiya, a minority owner of the Golden State Warriors alongside majority owners Peter Guber and Joe Lacob, expressed what he called "a very hard, ugly truth" about China's treatment of its Uyghur minority-Muslim population in the Xinjiang autonomous region. He started working for the firm in 1987 and was eventually made partner. Other court documents spell out the precise ownership breakdown of the Washington Football Team. Im telling you a very hard, ugly truth. The US State Department estimates as many as two million Uyghurs and other ethnic and religious minorities have been detained in internment camps in Chinas Xinjiang region since 2017. You bring it up because you really care, and I think thats nice that you care. Fitzgerald and Mieuli have been friends since Fitzgerald became the . John Christopher Cohan (born January 2, 1950) is an American entrepreneur who was founder of Sonic Communications and was owner of the Golden State Warriors of the NBA. Both of them are co-executive chairmen of the organization. Now that the team won the NBA championship with a Game 6 victory over the Boston Celtics, many are wondering who he is and how much he is worth. The last two years were very difficult, and everything they [players] had to go through The injuries It's fantastic, and I love everyone for what they have done," Lacob added. Pages in category "Golden State Warriors owners" The following 8 pages are in this category, out of 8 total. "Ratings are doing great. Sign up and stay up to date with our daily newsletter. As a representative of the Warriors' cash-drenched fan base and part . Freedom recently changed his name from Enes Kanter. The Warriors are currently the NBAssecond most valuable franchise according to Forbes, which gave the team a valuation of US$5.6 billion in its most recent list, meaning Palihapitiya will have made a significant profit on his investment. Los Angeles Lakers minority owner Philip Anschutz is selling his 27 percent stake in the team to Mark Walter and Todd Boehly, two of the owners of the Los Angeles Dodgers, according to Scott . This list may not reflect recent changes . Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. He began his sports career with the NBA's Los Angeles Lakers and the NHL's Los Angeles . Joseph Steven Lacob (born January 10, 1956) is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). The deal, believed to be the first private equity investment in an NBA franchise, values the team at roughly $5.5 billion. IBT Fast Start - Let the best of International News come to you. Ellison was an NBA fan associated with the potential purchase of other teams over the years. Tony Ressler, Atlanta Hawks. How many championships have the golden state warriors won. With Cohan facing legal issues following the sale of his cable television business and the Warriors coming off consecutive seasons of 29 and 26 victories, he put the team up for sale. Before buying the Warriors from Chris Cohan for $450 million in 2010, Lacob was a minority owner of the NBA's Boston Celtics for five years. Home | About | Contact | Copyright | Report Content | Privacy | Cookie Policy | Terms & Conditions | Sitemap. The Bills are ranked as the leagues least valuable team, at $2.27 billion. Under Guber and Lacobs leadership, the Warriors won three NBA championships over a four-year period. Warriors minority owner Chamath Palihapitiya callously said: "Nobody cares about what's happening . At this point, Ellison and the Lacob/Guber tandem were the two highest bids. Copyright IBTimes 2023. The Golden State Warriors owners are Peter Guber and CEO Joe Lacob. You also have the option to opt-out of these cookies. Understanding the lack of diversity in sports team ownership. Golden State Warriors owners Joe Lacob and Peter Guber stand with team president and COO Rick Welts, Stay up to date with our daily newsletter, Golden State Warriors owner Joe Lacob is exploring multiple options for the draft, Why Jerry West? Palihapitiya said at the nearly 15-minute mark of the show from Saturday. Joe Lacob. Biden signed a bill in December banning imports from the Xinjiang region of China unless it can be proven the goods were not made with forced labor. Smith is already getting some rave reviews from the players Sixers guard Evan Turner posted on Twitter on Tuesday, I think its dope that the fresh prince is one of our new owners. The benchmarks up until that time were the $360 million that the Boston Celtics fetched in 2002, followed by a $401 million sale of the Phoenix Suns in 2004. Golden State swiftly reacted Monday by saying Palihapitiya's views aren't reflective of those of the team. CNN has learnt Palihapitiya owns 2% of the Warriors. Source of wealth: Real estate development and building shopping malls by Denise's father, Eddie DeBartolo Sr. Eddie Jr. was the owner until being . The Golden State Warriors owners are Peter Guber and CEO Joe Lacob. A team statement emphasized, As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly dont reflect those of our organization., Latest Company & Industry Overviews News and Updates. Im just telling youa very hard, ugly truth. The Golden State Warriors have distanced themselves from billionaire Chamath Palihapitiya, a minority owner who said on his podcast that "nobody cares" about the Uyghurs in China. "When @NBA says we stand for justice, don't forget there are those who sell their soul for money & business like @chamath the owner of @warriors who says `Nobody cares about what's happening to the Uyghurs.' Under the ownership of Eric Watson, between 2000 and 2018, Watson . Joseph Steven Lacob (born January 10, 1956) is an American business executive who is a partner at Kleiner Perkins and the majority owner of the Golden State Warriors of the National Basketball Association (NBA). Times owner Patrick Soon-Shiong is also a minority owner of the Lakers, owning less than 5% of the team's shares. Like Sportscasting on Facebook. Palihapitiya made the comment on the All-in Podcast on Saturday, after co-host Jason Calacanis brought up US President Joe Bidens very strong stance on the alleged human rights abuses faced by the Uyghur minority in China. These cookies will be stored in your browser only with your consent. The stagnant pricing ended when Cohan put the Warriors up for sale and a billionaire entered the picture as the presumed buyer. Lets be honest, nobody cares about whats happening to the Uyghurs, Palihapitiya said. His sister, Michele, owns 12.552 percent, and his . Lacob said that the recent title his team won against the Boston Celtics is the most meaningful one for him. Sportico first reported on the deal last month. Both of them are co-executive chairmen of the organization. Chris Cohan. Bernard Arnault & family. A striking Thursday report from ProPublica on how billionaire sports owners are able to use their teams to avoid paying millions in taxes includes a section on Golden State Warriors minority owner Dominic Piccinini, better known as the guy who went viral for drinking out of a golden chalice at a game in 2019. The cookie is used to store the user consent for the cookies in the category "Performance". Palihapitiya is listed as an executive board member on the Warriors' website. As a refugee, my family fled a country with its own set of human rights issues so this is something that is very much a part of my lived experience. How much would it cost to buy the Warriors? This cookie is set by GDPR Cookie Consent plugin. The fan was later identified as Golden State Warriors minority owner Mark Stevens. 6 How many championships have the Golden State won? How many owners do the Golden State Warriors have? Warriors Investor Chamath Palihapitiya Responds to Criticism Over Comments on China's Uyghurs - WSJ News Corp is a global, diversified media and information services company focused on creating. While his net worth remains an eye-popping $1.6 billion, according to Forbes, thats a $500 million drop since the publication last reported his net worth in April 2020. Discovery Company. Chamath Palihapitiya speaks during an interview following VirginGalactic Holdings Inc.'s initial public offering on the floor of the New York Stock Exchange in New York, U.S., on Monday, October 28, 2019. John Berman and Patrick McEnroe discuss recent comments made by Chamath Palihapitiya, minority owner of the Golden State Warriors basketball team, when he downplayed China's human rights. So until we actually clean up our own house, the idea that we step outside of our borders about somebody elses human rights track record, is deplorable., In a statement to CNN on Monday, the Warriors distanced themselves from Palihapitiyas comments: As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly dont reflect those of our organization.. O'Neal is hardly the first high-profile addition to an NBA team's ownership group. A 1 percent share of that price would equal a $5.5 million investment. While he was with the firm, he led investments in over 50 startup companies. Chamath Palihapitiya, sometimes hailed as the King of SPACs, has faced backlash following his dismissive comments about human rights abuses happening in China. That came after a . Just days before the July 2010 announcement that Cohan sold to the group led by Joe Lacob and Peter Guber, Ellison was still regarded as the favorite to land the team based upon his ability to outbid the competition. Calacanis said its a sad state of affairs if people cant care about global human rights. Market Realist is a registered trademark. The best insights from the ultimate insiders, 2023 NYP Holdings, Inc. All Rights Reserved, been subjected to rape, sterilizations and slave labor, LeBron James tweets apology after Lakers legend rips team, Daniel Jones needs to see big picture in Giants negotiations, Red-hot Jon Rahm no match for wind-swept Bay Hill: 'F--king hard', The Marchand and Ourand Sports Media Podcast, The Show with Joel Sherman and Jon Heyman, Amazin' But True: A NY Mets Baseball Podcast, Gangs All Here: A NY Jets Football Podcast, Kellyanne Conway and George Conway to divorce, Canadian teacher with size-Z prosthetic breasts placed on paid leave. Here are the 10 richest owners in the NBA. Pera, who bought the NBAs Memphis Grizzlies in 2012, is the youngest controlling owner in the league. Ranadive had formerly been a minority owner of the Golden State Warriors. He told CNN his new last name comes from what his teammates have been calling him. The Golden State Warriors distanced themselves from a minority stakeholder, Chamath Palihapitiya, who said "nobody cares" about the Uyghurs, the ethnic group that has faced a deadly crackdown . Mandalay's feature films include "Soul Surfer," "The Kids Are. One of the only certainties in pro sports is that your favorite teams front office will screw up. CNN Sans & 2016 Cable News Network. In a podcast, Palihapitiya made comments about the ongoing treatment of the Uyghur Muslim minority ethnic group in China. Lacob made the majority of his money from working at venture capital firm Kleiner Perkins Caufield & Byers. As per reports, Lacob's ownership experience in Boston and the fact that he was a decade-long season-ticket holder were key factors that led Cohan to decide to sell him the team. All bids were due July 6 and all four bids topped $400 million, according to Galatioto. In the next 11 years, under Katz' ownership, the team won one NBA title and was a contender for some time. This article is a list of principal owners of National Basketball Association teams: On this Wikipedia the language links are at the top of the page across from the article title. The Warriors entered the season as the defending NBA champions and they set the best ever regular-season record of 739, breaking the 199596 Chicago Bulls record of 7210. 2. Now Palihapitiya has announced in a Twitter post that he has sold his remaining two per cent stake following Arctos Sports Partners move to increase its slice of the Warriors. He enjoyed a goodrelationship with then-NBA CommissionerDavid Stern, who referred to him in a 2012 interview as a terrific potential owner.. Lacob and Guber are reportedly not part of the group looking to sell. Coming in at No. Copyright 2023 IBTimes LLC. Snyder took on the money without approval from the board, which is a . Lon Rosen is the Executive Vice President and Chief Marketing Officer for the Los Angeles Dodgers. Golden State Warriors owner Joe Lacob speaks during the ribbon cutting ceremony of the Chase Center Tuesday, Sept. 3, 2019, in San Francisco. The purchase shocked the world because it was. Arctos Sports Partners is increasing its stake in the Golden State Warriors, to 13% from 5%, according to multiple people familiar with the agreement. While Warriors fans waited for . That the man turned out to be a minority owner of the Warriors was only more fitting, playing into the owners-vs.-players battle that has only intensified as more players have been able to utilize . 3, 2021 11:23 a.m. Golden State Warriors owner Joe Lacob speaks during the ribbon cutting ceremony of the Chase Center Tuesday, Sept. 3, 2019, in San Francisco. Palihapitiya, a venture capitalist and is a minority owner of the Warriors and owns just 10 percent of the team He made the comments on his 'All-In' technology podcast 'Of all the things that. Forbes reported on Friday their highest valued teams in sports, and the New York Knicks rank number one in the NBA. "It means the world," Lacob said during Larry O'Brien's NBA Championship trophy presentation. By clicking Accept All, you consent to the use of ALL the cookies. Guber has produced or executive produced successful films including Rain Man. He sold his stake in the Celtics in 2010 so he could . 2 Who owns the Golden State Warriors basketball team? The Golden State Warriors, who are worth $4.7 billion. Who are the minority owners of the Golden State Warriors? Winning culture is contagious and this team has reinforced many of my existing beliefs, but also challenged me to change my mind on some others., Earlier this year, Palihapitiya faced scrutiny after stating on the All-In podcast that nobody cares about Chinas genocide of its Uighur population in the Xinjiang region, adding of all the things I care about, it is below my line., In response, the Warriors released a public statement on 17th January that read: As a limited investor who has no day-to-day operating functions with the Warriors, Mr. Palihapitiya does not speak on behalf of our franchise, and his views certainly dont reflect those of our organisation.. The Sri Lankan billionaire venture capitalist acquired a ten per cent share in the Warriors in 2010 for US$25 million as part of the US$450 million takeover deal.
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