Barbarians at the ticket gate: The PE moguls who own 1/4 of the NBA
February 22, 2016
When the Golden State Warriors won the NBA Finals last year, the first man to touch the Larry O'Brien Trophy wasn’t Stephen Curry or Finals MVP Andre Iguodala. It was Joe Lacob, a partner at Kleiner Perkins Caufield & Byers.
Lacob, along with entertainment mogul Peter Gruber, purchased the Warriors for $450 million in 2010. To date, he’s been the most successful of a new breed of NBA owners: Men who made their fortunes in private equity and have now become the public faces of their basketball franchises.
These men own nearly a quarter of all NBA teams. Click here to see who they are.