Warriors sold for record price

Basketball Betting Lines

07/15/2010 - Oakland, CA (Sportsbook Betting Lines) - The Golden State Warriors have been sold to Joseph Lacob for a record price of $450 million, according to a report Thursday from the Oakland Tribune.

Chris Cohan, who had owned the team since 1995, accepted the bid from the group headed by Lacob, currently part owner of the Boston Celtics. The price exceeds the $401 million Robert Sarver needed to buy the Phoenix Suns back in 2004.

The deal still must be approved by the NBA and its board of governors.

The Warriors were a disappointing 26-56 last season, finishing with the third worst record in the Western Conference.

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