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Golden State Warriors owner Joe Lacob certainly made quite the bargain investment when he bought the team over a decade ago for $450 million. Now, his investment has grown tenfold. According to Forbes, the Golden State Warriors now own the 2nd highest franchise valuation in the NBA. The Warriors, valued at $4.7 billion by Forbes, supplanted the Los Angeles Lakers for the no. 2 spot and trail only the New York Knicks, who still sit at the top with a $5 billion price tag.
Per Forbes, despite their season being cut short in March of last year due to the COVID-19 pandemic, Golden State still boasted an NBA-record of $474 million in revenue during the 2019-20 season. This also comes despite owning the worst record in the NBA. The year also marked the Warriors' relocation into downtown San Francisco as they finally opened the gates of the new, highly-anticipated, state-of-the-art Chase Center.
It also helped that, despite a campaign of being the league's bottom dwellers, the Dubs just came from one of the greatest runs in NBA history after they made five straight NBA Finals from 2015 to 2019. Of course, there's also this guy named Stephen Curry running the show over the past half decade and is among the most popular players in the world.
The Warriors are currently in the midst of an up-and-down campaign and sit in the middle of the pack of the Western Conference standings. Golden State fully expected to return to title contention, but those plans went down the drain as soon as Klay Thompson suffered a season-ending Achilles injury even before the 2020-21 season began.
Nevertheless, the Dubs still find themselves in the mix for postseason contention. Stephen Curry is playing out of his mind as of late and is playing some of the best basketball of his career this 2020-21 season. Another postseason run could only help their valuation for next season.
