After the Warriors renewed Poole and Wikins in advance, ESPN calculated an account: assuming that Raymond Green carried out the player option of the 2023-24 season to stay in the team, the total expenditure of the Warriors would reach at least 0.483 billion dollars.
Later, Tim Athletic, The Kawakami warriors accompanying reporter, revealed in a column that as far as he knew, if Warriors spent $0.5 billion in a single season, they might have a fiscal deficit of at least $0.1 billion.
Most people do not believe that Warriors will have a fiscal deficit, because this is inconsistent with the impression that Warriors are money-making machines. Then today, the famous financial media Forbes published authoritative figures, confirming the impression that Warriors are money-making machines. Today’s Warriors have a market value of 7 billion dollars. Their annual income is 0.765 billion dollars, and the ticket income alone is 0.257 billion dollars.
This is the reason why Lake bu dares to invest money crazily. Even if Tim’s source of Kawakami is no problem, Warriors may have a fiscal deficit due to excessive investment in a certain season, however, the benefits of spending money crazily to keep the team competitive are also obvious. Excellent results and good prospects make the market value of Warriors soar continuously.
In just 12 years, the market value of Warriors soared from 0.45 billion dollars to 7 billion dollars. Since Forbes launched this list, this is the first time that Warriors have surpassed the Knicks and the Lakers to reach the top position. Compared with last year, the market value of Warriors has increased by 25%, and the total income of Warriors is 0.765 billion dollars and the operating income is 0.206 billion dollars. In addition, the sponsorship and advertising revenue of the Warriors stadium reached 0.15 billion dollars, far ahead of other teams.
You know, before the acquisition of warriors in Lake, Warriors ranked only 29th in Forbes’s market value list, with a market value of only 0.188 billion US dollars. When Lake cloth bought warriors with 0.45 billion dollars, many people regarded it as a succuent. However, it took only 12 years for Lake cloth to make warriors the super giants with the highest market value? How on earth did he do it? The answer is not simply to catch up with the economic situation.
In 2007, warrior boss Cohen was accused. The IRS accused Cohen of using three different illegal tax avoidance methods in the transaction and issued him a huge fine. In order to relieve the financial pressure, Cohen began to consider selling the Warriors. Warriors had several glorious seasons under his management, but most of the time it was a disaster. In 2009, the news about Cohen’s intention to sell Warriors was officially reported in the newspapers. The consortium led by Bu Lake began to implement the plan to acquire warriors.
At that time, the main competitor of Lake cloth was Larry Ellison, who was worth as much as 28 billion dollars. He was the founder of software giant Oracle Group and ranked third in the National rich list, and The Oracle Group of Ellison is also the naming dealer of the home court of warriors.
However, when the acquisition competition ended and the results came out, the world was shocked. Lake bu actually defeated Ellison and won the bid with 0.45 billion dollars. Ellison issued a statement that he publicly questioned the deal as a matter of fact. He firmly believed that his bid was the highest.
Ellison’s question was reasonable. Many years later, Lake bu admitted that he had found another way at that time. He bypassed the normal bidding process and contacted Cohen privately to meet in Baltimore, this meeting turned Lake cloth around in the competition. As for whether this operation conforms to the normal process and violates the moral requirements, this has to be said separately. David Stern, the then president of the league, admitted that to some extent, this was a “secret operation”, but in any case, Cohen was willing to sell, and the NBA Board of Directors also voted.
The rivers and lakes are like this. No one can guarantee that he is always open and upright in the competition, playing some cleverness and using some small means. Although these methods may not be able to get on the table, they are usually very effective.
Lake Bu was once a venture capital expert, who attached great importance to data and information. In the cognition of Lake, risks will certainly not be completely eliminated, but through a large amount of information accumulation and data calculation, risks can be minimized. In addition, Warriors rely on Silicon Valley and have unique advantages. They have become a team that relies heavily on the power of science and technology.
In the 2010-11 season, Warriors installed SportVU systems in Oracle Stadium. They were the fifth early-tasting team in NBA. SportVU were born out of missile tracking system. Inventor Dr. Tamir found that, it is very convenient to capture the track of athletes and ball games with this system.
Rocket is indeed one of the earliest teams that attach importance to data analysis, but in fact, warriors are not behind rockets. In terms of the use of many cutting-edge technologies and the change of data analysis concepts, Warriors are at the forefront, it’s just that they don’t have such high-profile propaganda as rockets. Warriors hired gaerfend as analysts, and they came to the conclusion through massive data that Warriors should set Curry and Thompson as the core of the attack and focus on three-pointer. Long-distance two-point ball is almost the same as three-point shot percentage, so the return rate of three-point ball is higher than that of long-distance two-point ball. Isn’t this the “magic ball theory” that was later ignited by Rockets?
The outbreak of curry changed an era, bringing NBA into a three-point era, and he achieved the myth that the market value of Warriors was soaring. But on the other hand, the reason why Curry can become the present Curry is not simply because he has excellent three-point projection ability, and his success cannot be separated from the shaping of his style by cutting-edge technology and data analysis.
In the 2010-11 season, Curry’s long-distance two-point shot still accounted for 33%, but the 2012-13 season dropped to 30%, and the following two seasons dropped to 27% and 18%. Since the 2015-16 season, Curry’s long-distance two-point shot has never exceeded 15%, and he has concentrated more than 50% of his shots to downtown.
To what extent do warriors rely on high technology? Warriors players have accurate settings (14 degrees Celsius) for the air conditioning temperature during sleep. Warriors cooperate with various high-tech companies to monitor players’ heart rate changes and the stress of bones and joints. Therefore, when the opponents of the playoff warriors encounter various injuries and troubles, the Warriors rarely lose their staff due to injuries, except for those accidents in the 2019 finals.
During this journey, the operation of Warriors shows “foresight” everywhere “. Today, it is hard to find a ticket for the Warriors new home court Chase Center. The ticket revenue for each home court in the regular season will exceed 3.4 million dollars. The playoffs are even more exaggerated. Warriors are the team with the highest ticket prices in the league. But who knows that the plan to move warriors to San Francisco and build a new home court was his established plan when bu became the boss of warriors in Lake 2010?
On Lake, when bu officially became the boss of Warriors, he held a dinner party. The venue of the banquet was not Oakland, where Oracle stadium was located, but San Francisco. On that day, Lake bu looked at the Bay Bridge and said to the guests around him, “Look, who wouldn’t want to go to this city?”
In 2015, Warriors began planning to build a new home in San Francisco. It is reported that J.P. Morgan group spent 0.3 billion dollars to buy the naming rights for 20 years, plus other kinds of sponsorship and advertising, Chase Center has not been put into use, and Warriors have already turned over, this made the 1.3 billion dollars they spent to build the new stadium look like drizzling.
Most importantly, the construction of Chase Center attracted Durant to join them to a certain extent.
On February 7, 2016, Thunder played Warriors away. Durant stopped a Warrior worker in the visiting team locker room. Durant asked, “when will your new stadium be put into use?” He seemed to be very interested in the Warriors new stadium. This staff member helped Durant introduce members of the Warriors management and introduced the situation of Datong center to him in detail. After this incident reached the ears of Lake cloth, Lake cloth realized that they might have a chance to get Durant.
In the words of Durant biographer Marcus Thompson II, this may be the starting point of Durant’s intention to join the Warriors.
In November 2018, Durant, instead of Curry, visited Chase Center accompanied by senior officials. Of course, Durant finally failed to step on the floor of Chase Center as a warrior player, but he did look forward to it, and he helped the team win the championship twice in three years of warriors, it is a key to the rising market value of Warriors year after year.
The high expenditure of Warriors worries many insiders, but they ignore the fact that the annual income of 0.765 billion may be far from the limit of warriors. At present, the relay contract between Warriors and local TV stations was signed many years ago. Warriors can only get 30 million dollars a year, which is far less than the 0.141 billion dollars of the Lakers and the 0.104 billion dollars of the Knicks. According to conservative estimates, the annual income of the warrior’s next local television relay contract may reach at least 65 million dollars, which is still the prediction when the warrior was at a low ebb in 2020.
Bold and shrewd decision-making and fearless attitude make Warriors super giants. What they want is not only the success on the court. In 2016, Cooper, another boss of Warriors, said in a speech at Stanford University:
“We are always in Beta (testing) state. As long as we stick to this attitude, Warriors will surely be able to stay in the elite. I am not only talking about professional sports, but the whole business world.”