NBA News: Golden State Warriors Sold For $450 Million

That breaks the record of $401 million by Robert Sarver when he bought the Phoenix Suns.

Numerous reports are claiming Boston Celtics minority partner Joe Lacob and Mandalay Entertainment CEO Peter Guber won the bidding though a deal had not been formally announced.

Oracle CEO Larry Ellison had been considered the favorite to buy the team from Chris Cohan.