While some believe it's a foregone conclusion that the Warriors are Larry Ellison's for the taking, Mark Mastrov, founder of 24 Hour Fitness, wants to make it clear that he is interested, too.
On Monday, the Warriors announced that they had hired Galatioto Sports Partners to handle the sale of the team. Ellison, the Oracle CEO, expressed interest in buying the team in January, but it appears he will have competition.
"I think I can do just as well, if not better (than Ellison)," said Mastrov, 52, of Lafayette.
He believes that "if Larry wants the team, he would have bought them by now."
Mastrov received the majority of a $1.68 billion buyout for San Ramon-based 24 Hour Fitness in 2005, before cutting all ties with the company in 2008 to start his own private equity firm, New Evolution Fitness Company. Through it he's involved with several projects, including Ultimate Fighting Championship Gyms, which recently opened in Concord.
Mastrov is no stranger to basketball. While at 24 Hour Fitness, Mastrov partnered with Shaquille O'Neal and Magic Johnson on several branded clubs.
"It's about putting together a great team, and that's something I feel I'm very good at," Mastrov said.
He said he's had conversations over time with the Warriors. His understanding is that the Warriors are going to give a "book" to interested parties, and then take some bids.
Mastrov did characterize a purchase as an "awfully big price tag,"
"We have to do some due diligence to see what we can offer," Mastrov said. "But right now, let's just say I have high interest."