Contrary to initial reports, the San Francisco Chronicle’s Rusty Simmons writes that Larry Ellison is among those who submitted non-binding bids to purchase the Warriors.
The bids — more than a dozen, according to Simmons — came in Monday. Simmons’ information comes from a source close to the negotiation process.
Simmons also reported that Ellison’s bid did not exceed his previous offer of $315 million and that the range of offers was between $275 and $350 million. According to Simmons, bids were also submitted by “the San Francisco Giants, 24 Hour Fitness owner Mark Mastrov, an NFL owner, a former Lakers star and a group of prominent Chinese businesspeople, among others.”