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warriors ownership percentages

"Although I was the highest bidder, Chris Cohan decided to sell to someone else," Ellison said in a statement released by Oracle. [107] After the Warriors announced that they were uncertain if they would make the customary visit to the White House by playoff champions, President Donald Trump rescinded his invitation. Clippers say recent two-way signing Keaton Wallace has been waived. I'm trying," Ellison (who was discussing Oracle's acquisition of Sun Microsystems) replied to an audience member asking about him buying the Warriors. The Golden State Warriors are an American professional basketball team based in San Francisco. Under the ownership of Eric Watson, between 2000 and 2018, Watson . The Warriors' value was boosted in recent years by a move to the Chase Center on the San Francisco side of the Bay Area. The Warriors are considered the fourth-most valuable franchise in United States sports leagues. Warriors join rare NBA company", "Warriors' Draymond Green records one-of-a-kind triple-double with rebounds, assists and steals", "Warriors' historic streak snapped with loss to Bulls", "Purdy: Put a pause on the dynasty talkand just enjoy this Warriors title", "Trump takes on Stephen Curry and Colin Kaepernick and the sports world hits back", "Golden State Warriors to swap White House visit for trip to African-American History museum", "A Golden Era: Warriors clean up Cavaliers with a sweep, capture third NBA title in four years", "David West retires from the NBA an All-Star, champion and unquestioned leader", "Going Out On Top: David West Retires After 15-Year Career", "The Warriors' Dynasty May Annoy Some, but It Isn't Ending Anytime Soon", "Why the Defining Game of This Golden State Warriors Dynasty Was a Loss", "Phillips: The Golden State Warriors' dynasty isn't as stable as you think", "Raptors send Toronto into raptures as they beat Warriors in 6 games (42) to take first NBA title", "Warriors shift arena plans to Mission Bay", "New San Francisco Golden State Warriors arena Chase Center", "Warriors expect to break ground on new San Francisco arena in 2016", "Golden State Warriors owners make a risky play", "Board gives Warriors' arena initial green light", "The Warriors gamble their soul as they swap Oakland for San Francisco", "Warriors formally purchase Mission Bay site", "Future Warriors arena to be named Chase Center", "Golden State Warriors consider name change", "Golden State Warriors confirm they won't change name when moving to San Francisco before 201920 season", "Golden State Warriors Announce 201920 Season Schedule", "Warriors Select James Wiseman with Second Overall Pick in 2020 NBA Draft", "Warriors' Klay Thompson to miss 202021 season with Achilles tear", "Golden State Warriors at Brooklyn Nets Box Score, December 22, 2020", "Warriors will face Lakers in first round of NBA Play-In Tournament", "Stephen Curry, PG, Golden State Warriors", "Kia MVP Ladder: Stephen Curry's scoring run has him climbing the ranks", "Dubs' season over after play-in loss to Grizzlies at home", "Warriors draft Jonathan Kuminga with 7th pick in move for massive potential", "Warriors take Arkansas wing Moody with No. Visit ESPN to view the Golden State Warriors team stats for the 2022-23 season. [110] On August 30, 2018, David West announced his retirement from the NBA after 15 seasons. They were owned by Peter A. Tyrrell, who also owned the Philadelphia Rockets of the American Hockey League. In the 196465 season, the Warriors traded Chamberlain to the Philadelphia 76ers for Connie Dierking, Lee Shaffer, Paul Neumann and $150,000 and won only 17 games. Following Morrow's departure after he signed the New Jersey Nets' offer sheet, the Warriors signed Dorell Wright, formerly with the Miami Heat, to a three-year, $11million deal. [24] During the 2009 off-season, Warrior ownership declined to renew the contract of general manager Chris Mullin. He made a three-pointer in 151 consecutive games, which broke the NBA record of 127 set by Kyle Korver in 2014. Follow Danny Leroux on Twitter @DannyLeroux. The value of the team is up almost tenfold since then, and his 25% stake. Just as the 202021 NBA season was about to begin, guard Klay Thompson was reported to miss the incoming season due to an Achilles tendon injury making the second season he missed in his career. In October 2015, the Warriors completed the purchase of 12 acres of land in San Francisco's Mission Bay neighborhood and, in January 2017, broke ground on Chase Center, the team's 100%. Finally, he did. Led by Stephen Curry, Klay Thompson, and Draymond Green, the team returned to championship glory in 2015, with defensive swingman Andre Iguodala being named Finals MVP. On August 25, 2016, the Warriors announced they were leaving long time station KNBR and all of their games will be broadcast on KGMZ's 95.7 The Game. Two days after the announcement, another big-pocket Bay Area icon publicly expressed interest in buying the team. One of the original members of the BAA, the team won . The NBA team is valued at about $5.5 billion. [20] This trade allowed the Warriors to "run and gun" their way to the playoffs with a more athletic and talented team. [90], July 2016 featured a series of significant player transactions. The first thing you need to do when attempting to establish the ownership percentage of a company is to decide what amount of money you will need to start your business. St. Jean did, however, draft future two-time NBA slam dunk champion off-guard Jason Richardson (from Michigan State), a Warriors' star scorer through the 200607 season. [21] "We Believe" became the Warriors' slogan for the last two months of the season and the playoffs.[22]. On April 9, 2013, with a win over the Minnesota Timberwolves, the Warriors clinched the playoffs for the second time in 19 years and the first time since the 200607 "We Believe" Warriors. On March 22, 2010, the Warriors announced Cohan would be selling the team and had hired Galatioto Sports Partners to execute the sale. [157] This list includes draft rights that were acquired from trades with other teams. Golden State's bench ranks 20th in field goal percentage (44.8%), 29th in. "Peter and I intend to do what we do best -- innovating and building. Wright ended the season with the most three-pointers made in the NBA that season with 194, as well as the most three-pointers attempted with 516; each mark set a new Warriors franchise record. "Whether. He was clearly the fan favorite to buy the Warriors. 14 pick in draft", "Marc Stein: Stephen Curry to sign 4yr/$215M extension with Warriors", "Warriors Sign Free Agent Forward Otto Porter Jr", "Warriors Sign Free Agent Forward Nemanja Bjelica", "Warriors Sign 2015 NBA Finals MVP Andre Iguodala", Golden State Warriors part-owner, billionaire Chamath Palihapitiya, creates stir with remarks about the Uyghurs, Golden State Warriors distance themselves from Palihapitiya who said: 'Nobody cares about what's happening to the Uyghurs', "Golden State Warriors distance themselves from team investor who said: 'Nobody cares about what's happening to the Uyghurs', "Tom Brady is sued in connection with FTX collapse", "Influencers beware: promoting the wrong crypto could mean facing a class-action lawsuit", "A Refreshed Look for the 201920 Season", "Warriors Unveil Six Jersey Designs Ahead of 201920 NBA Season", "Warriors Unveil New City Edition Jerseys; Oakland Forever, Presented by Rakuten", "Warriors Unveil 202122 Warriors Origins Jersey, Presented by Rakuten, Ahead of 75th Anniversary Season", "Kelenna Azubuike to be Warriors TV game analyst; Jim Barnett to radio", "KERITH BURKE JOINS NBC SPORTS BAY AREA AS GOLDEN STATE WARRIORS SIDELINE REPORTER", "Warriors drop KNBR, head to 95.7 The Game", "Warriors arena to be named Chase Center bank buys naming rights", "Inside the final quarter of construction at the Warriors' new Chase Center", "NBA Salary Cap FAQ 2011 Collective Bargaining Agreement", "Warriors Select Patrick Baldwin Jr. (#28) & Gui Santos (#55) in 2022 NBA Draft, Presented by Oracle", "NBA Draft 2020: Golden State Warriors select Justinian Jessup with 51st overall pick", "Warriors Trade Marquese Chriss to San Antonio", "Mullin's No. The Warriors' dynasty has seen the team win 4 titles in 8 seasons, as well as reach five consecutive Finals from 2015 to 2019 (6 Finals in 8 years); Curry, Green, Thompson, and Iguodala were on all four 21st century championship teams, Shaun Livingston and Kevon Looney were on three each. By January 2010, billionaire Larry Ellison was sitting courtside at Oracle Arena for the first time, watching LeBron James dominate. The Warriors released a list of most of their owners on Monday (some partners are silent). Before buying the Warriors, Lacob was a part-owner of the Boston Celtics, co-invensting in 2006 and present for the team's 2008 championship. Curry and Klay Thompson continued to set league records in three-point shooting. [121] The move also elicited criticism due to the perceived alienation of a loyal fanbase in Oakland. Longtime Seton Hall college coach P. J. Carlesimo, who had been recently fired by the Portland Trail Blazers, replaced Adelman as head coach for the 199798 season. Nelson had been brought to the Warriors from the Milwaukee Bucks by Jim Fitzgerald, who co-owned the team from 1986 to 1995 with Dan Finnane. Lacob has backed up original promise as Golden State has won three titles since he became the team's owner in 2010. The industry leader for online information for tax, accounting and finance professionals. Amazingly, Cohan could've made much more money if he sold the team to Oracle CEO Larry Ellison, who many expected to be selected as the winning bid. Palihapitiya's stake in the Warriors is approximately 10 percent. There's an unlimited number of ways to split ownership based on capital contribution or services offered. March 4 marked the turning point for the Warriors. Arizin, Fulks, Gola, Johnston and Phillip played all or most of their tenure with the Warriors in Philadelphia. . The loss dropped them to 2635. Tony Ressler is the Principal Owner and Chair of the Atlanta Hawks, which he and his group acquired in June of 2015. . The Warriors swept the New Orleans Pelicans in the first round of the playoffs, defeated Memphis Grizzlies in six games in the second round, and dispatched Houston Rockets in five games in the Western Conference Finals. It was valued elsewhere at $5.5 billion at the start of 2021. Ironically, the Chicago native is a longtime Cubs season ticket holder. Certain shareholders of your company may be more credit-worthy than others; therefore, you may seek to adjust ownership percentages accordingly to look more fiscally attractive to a bank. Unfortunately for the Warriors, their young stars haven't come together to form a successful bench unit just yet. [83] On April 13, 2016, Golden State set the NBA record for most wins in a single season. After defeating both the Spurs and the Pelicans 41, the Warriors came up against the top-seeded Houston Rockets in the Western Conference Finals. The billionaire, who has headed up operations at investment fund Bain Capital for the last 30 years, became a co-owner of the NBA's Celtics in 2003, winning a Championship five years later and . We were not under the radar with respect to Chris Cohan. Principal Owner(s) Operating Entities Purchase Price (US$ millions) Owned Since Atlanta Hawks: . The Warriors, like most sports teams, have a majority owner and many minority owners. Hindered by several injuries to key players, the team then entered into another chaotic rebuilding phase. For a few years, with rising stars Richardson, small forward Antawn Jamison and point guard Gilbert Arenas leading the team, the Warriors seemed like a team on the rise; but the young Warriors did not have enough in the competitive Western Conference to make the playoffs. He would not play in the NBA again until he was dealt in January 1999 to the New York Knicks for John Starks, Chris Mills and Terry Cummings. Lee agreed to a six-year, $80million deal, on a framework contingent on the decision of superstar forward LeBron James to leave the Cleveland Cavaliers to sign with the Miami Heat that same day. At the 2005 trading deadline, he bolstered to the team with the acquisition of point guard Baron Davis, bringing to the team its first superstar since Mullin himself. is the majority owner of the Golden State Warriors. The winning streak was the longest for the franchise since the 1975 championship year, and fell just one win short of the team record of 11 consecutive wins. [130] They finished the regular season with a 3933 record, qualifying for the new NBA Play-in-Tournament[131] against the seventh seeded Los Angeles Lakers. On July 27, 2015, David Leewho had lost his starting power forward job to Draymond Green during the season[72][73]was traded to the Boston Celtics in exchange for Gerald Wallace and Chris Babb;[74] Golden State was seeking to offload his salary given his limited role on the team. The Warriors had a disappointing 200809 season, finishing 2953. Arctos Sports Partners is increasing its stake in the Golden State Warriors, to 13% from 5%, according to multiple people familiar with the agreement. [105] On March 2, 2017, the Warriors' streak for most games without back-to-back losses ended at 146 with a 9487 loss to the Chicago Bulls. [63] Over the 17 years before Jackson took the helm in 2011, the franchise had averaged 30.2 wins per season and made the playoffs only once. [93] On July 9, 2016, free-agent forward Harrison Barnes signed with the Dallas Mavericks. What are Ownership Percentages? Note: GP = Games played, W = Wins, L = Losses, WL% = Winning percentage, Roster Last transaction: February 9, 2023. [69] The Warriors defeated the Cavaliers in six games, and Iguodala was named Finals MVP. The rugby league side already groundshare at the DW Stadium, which is 85 percent owned by Wigan Athletic and 15 percent owned by Wigan local authority, with Wigan Warriors agreeing a 50-year. [19] After a disappointing 2003-04 season, head coach Eric Musselman and St. Jean were fired. On April 5, 2006, the Warriors were officially eliminated from playoff contention in a 114109 overtime loss to the Hornets, extending their playoff drought to 12 seasons. Prior to the 196364 NBA season, the Warriors drafted big man Nate Thurmond to go along with Chamberlain. Forbes in February 2020 estimated the Warriors were worth $4.3 billion a 23 percent increase from the prior year. They also played frequently at The University of San Francisco gymnasium. Curry returned for one game on March 5 before the season was suspended due to the COVID-19 pandemic. -- Excerpted by permission from 100 Things Warriors Fans Should Know & Do Before They Die by Danny Leroux. With leadership and improvement in their young players, they were sometimes able to defeat powerhouse teams such as the Boston Celtics, 9989. On August 10, 2021, Andre Iguodala signed a deal to come back to the Bay Area. 530% Size Multiple 219x Median Size Multiple 219x, 100th %ile 0.00x 0.95x. [148] The club then unveiled six new uniform designs using the newly updated logo on September 17, 2019. I think we wanted it more than the other guys and I think we are more knowledgeable about basketball than all these others guys. [48] With their lone selection in the 2013 NBA draft, the Warriors made 22-year-old Serbian combo-guard Nemanja Nedovic the 30th and final pick of the first round. In November 2022, FTX filed for bankruptcy, wiping out billions of dollars in customer funds. 1 seed in a seven-game series (and the first NBA No. The Golden State Warriors and Oracle today announced the expansion of their longstanding partnership with the launch of the Oracle Performance Center. Nicknamed the "Dubs" as a shortening of "W's",[7][8] the Warriors hold several NBA records: best regular season, most wins in a season (regular season and postseason combined), and best postseason run. Entering the 200607 season, the Warriors held the active record (12) for the most consecutive seasons without a playoff appearance (see Active NBA non-playoff appearance streaks). Left knee contusion. The Warriors officially announced the sale was complete to Lacob and Guber but the drama was not over. Our Standards: The Thomson Reuters Trust Principles. Arctos Sports Partners is buying a minority stake in the Golden State Warriors in a deal that values the NBA team at roughly $5.5 billion, It is believed to be the first private equity investment in an NBA team since the league loosened its rules to allow institutional investors. To compensate for the loss of Davis, the Warriors signed free agents Corey Maggette and Ronny Turiaf and re-signed Ellis and Andris Biedri to long-term contracts. The Warriors hold the draft rights to the following unsigned draft picks who have been playing outside the NBA. The Warriors made an off-season trade that sent Turiaf, Randolph and Kelenna Azubuike to the New York Knicks in return for star high-scoring power forward David Lee via a sign-and-trade. Warriors ownership sells five percent stake of team, franchise valued at $5.5 billion shares share tweet pin sms send email 2 years ago- via Scott Soshnick @ Sportico At the trade deadline, the Warriors traded Russell, 2018 first-round pick Jacob Evans, and recent acquisition Omari Spellman to the Minnesota Timberwolves in exchange for Andrew Wiggins, a top-3 protected first-round pick, and a second-round pick. They went 67-15, with a plus-9.9 net rating, finishing second in offense and first in defense, which is about where they are right now. [98] Center Andrew Bogut was traded, along with a future second-round pick, to the Dallas Mavericks in exchange for a future conditional second-round pick. After Golden State fell behind 21 in the series, Kerr gave swingman Andre Iguodala his first start of the season, replacing center Andrew Bogut in Game 4. Golden State Warriors: Joe Lacob (majority), Peter Guber: GSW Sports LLC 450: 2010: Houston Rockets: Tilman Fertitta: Fertitta Entertainment 2,200: 2017: Indiana Pacers: Herbert Simon: Chamath Palihapitiya, a prominent venture capitalist, purchased a 10% stake in the Warriors for $25 million in 2010. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The team earned 20 wins in less than 30 games played for the first time since 1992. On May 14, 2014, the Golden State Warriors signed Steve Kerr to a reported five-year, $25 million deal to become the team's new head coach. Bob Fitzgerald has done television play-by-play, and former Warriors swingman Kelenna Azubuike does color commentary for the Warriors on NBC Sports Bay Area, where they telecast more than 70 Warrior games a year. In the 200708 season, the Warriors faced early difficulties in their attempt to return to the playoffs. Answer: The best way to divide ownership in an LLC is to give each LLC member an ownership stake equal to their cash investment. In 2021, the Golden State Warriors, among other high-profile athletes and celebrities, were a paid spokespersons for FTX, a cryptocurrency exchange. [135] With the seventh overall pick, the Warriors selected the NBA G League Ignite's forward Jonathan Kuminga[136] and with the 14th overall pick, the Warriors selected Arkansas guard Moses Moody. After the trade of star Wilt Chamberlain in January 1965, the team finished the 196465 season with the NBA's worst record (1763). (Golden State's offense ranks third, behind the Utah Jazz and. The Warriors won the Western Division crown that season, but lost the 1964 NBA Finals to the Boston Celtics, four games to one. According to Forbes, Lacob's net worth as of May 30, 2022 is $1.5 billion. [3] However, on June 12, 2019, the Warriors unveiled subtle adjustments to their primary logo, including a new custom font. [77] The team set an NBA record with 54 consecutive regular-season home wins, which spanned from January 31, 2015 to March 29, 2016; the previous record of 44 was held by the 199596 Chicago Bulls team led by Michael Jordan. [55] A day before the trade deadline, the Warriors traded Kent Bazemore and Brooks to the Los Angeles Lakers in exchange for veteran point guard Steve Blake. About Joe Lacob Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team. Before buying the Warriors, Lacob was a part-owner of the Boston Celtics, co-invensting in 2006 and present for the team's 2008 championship. Davis often found himself at odds with new head coach Mike Montgomery (used to dealing with college players in his long tenure at Stanford) and failed to remain healthy, playing in just 54 games. During the 2006 off-season, Golden State announced that it had bought out the remaining two years of coach Montgomery's contract and hired previous Golden State and former Dallas Mavericks coach Don Nelson to take over for him. Four days later, they signed center Chris Hunter. [85] Stephen Curry, Draymond Green and Klay Thompson were all named to the 2016 All-Star Game. Who is the wealthiest NBA owner? Curry, who finished the season with 261 threes, set an individual record for most three-pointers in a span of two seasons with 533, surpassing the previous mark of 478 set by former Seattle SuperSonics legend Ray Allen in 200405 and 200506. By Martha Ross | Bay Area News Group PUBLISHED: January 18, 2022 at 2:30 p.m. | UPDATED . [92] The Durant signing made the Warriors prohibitive favorites to win the 2017 NBA championship, according to oddsmakers. Ownership of the West Kelowna Warriors have reached out fans following the conclusion of the season Wednesday.-4C. The Warriors have won three of the four NBA Finals in which they faced the Cavaliers, losing in 2016, and winning in 2015, 2017, and 2018. However, Curry suffered a series of ankle and foot-related injuries[38][39][40][41] that limited him to 26 regular-season games.[24]. Peter Guber, a prominent figure in the sports and entertainment industry for more than 35 years, is owner and co-executive chairman of the Golden State Warriors. Team leader Monta Ellis was traded in mid-March 2012, along with Kwame Brown and Ekpe Udoh, to the Milwaukee Bucks for center Andrew Bogut (out injured for the season) and former Warrior small forward Stephen Jackson, who without playing a game for the Warriors was quickly traded to the San Antonio Spurs for Richard Jefferson and a conditional first-round pick on March 15. When Mark Robinson bought the Warriors outright last year, it was clear things were never going to be the same. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Floyd once scored 29 points for the Warriors in the fourth quarter of a playoff game against the Lakers, though he was later traded to the Houston Rockets. On June 16, 2022, the team won their seventh NBA title, beating the Boston Celtics 42. [29], The Warriors continued their 2010 off-season signing spree by adding Harvard guard Jeremy Lin to their roster with a one-year partially guaranteed contract containing a second-year team option; Lin became the first Taiwanese-American player in NBA history. That places him 24th among current NBA ownership. In November, a malcontented Stephen Jackson and seldom-used Acie Law were traded to the Charlotte Bobcats for Raja Bell (out for the season with an injury) and Vladimir Radmanovic. In February 2010, Ellison captured the 33rd running of the America's Cup, completing a 10-year personal quest that saw him spend $100 million. The Warriors went on to play the Utah Jazz in the second round of the 200607 playoffs, where they dropped two close games at EnergySolutions Arena to open the series. This, along with Thompson's injury rehab keeping him out the entire year, sent the Warriors into a downward spiral from which they never recovered. Chamath Palihapitiya, a former Facebook executive, has joined the Golden State Warriors' ownership group. He started working for the firm in 1987 and was eventually made partner. New owners Jim Fitzgerald and Dan Finane finally managed to return the team to respectability by hiring former Cleveland Cavaliers head coach George Karl as head coach in 1986 after selecting St. John's small forward Chris Mullin in the 1985 NBA draft. In this excerpt, Leroux documents how the sale of the franchise from Chris Cohan to the Joe Lacob-Peter Guber partnership unfolded. Ownership for all Daily Fantasy slates, including express, night, early, and . It was an upset in name only, given the fact that the Warriors had swept the Mavericks in the regular-season series. Golden State Warriors Signals Growth Rate 0.80% Weekly Growth Weekly Growth 0.80%, 93rd % -35.5%. 6", https://en.wikipedia.org/w/index.php?title=Golden_State_Warriors&oldid=1142234926, Meschery, Attles, Barry, Thurmond and Mullin are also members of the, In July 2019, the team announced its intentions to retire No. The Warriors appeared destined to land in the hand of one of the richest men on the planet, but he was outmaneuvered by a group led by two businessmen who took a big chance with . Sal Galatioto had previously orchestrated the sale of the Phoenix Suns in 2004 for a then-record $401 million and had a similar game plan for the Warriors. [129] At the beginning of the season against the Nets, Curry dropped 20 points to a 99125 loss to the Nets. The Warriors sold out nearly every home game during the season averaging 19,631 per game, the highest in team history. To which I then said, We're off to see the Oracle.' 0.694 winning percentage, a franchise record; All three soon left the team, and the organization went into a tailspin. 17 jersey retired by Warriors in halftime ceremony", "Warriors announce they'll retire Kevin Durant's No. The Warriors were founded in 1946 as the Philadelphia Warriors, a charter member of the Basketball Association of America. To make room under the salary cap, the Warriors traded Richard Jefferson, Andris Biedri and Brandon Rush (along with multiple draft picks) to the Utah Jazz. 2021-12-23 21:12:43 GMT+00:00 - Arctos Sports Partners expanded their investment in sports franchise ownership by more than doubling its stake in the Golden State Warriors to 13 percent, Yahoo Sports reported Thursday. Palihapitiya joined the Warriors' ownership group in 2011, . The Golden State Warriors were largely rudderless Businessman Chris Cohan purchased the Golden State Warriors in October 1994 for $130 million, but he didn't enjoy much success on the court. But that was at a time when the team had been posting $109 million in 2019. [124] Although the Warriors considered a name change, possibly returning to their former name of San Francisco Warriors,[125] it was ultimately decided that they would remain the Golden State Warriors upon their return to San Francisco.[126]. In July 2010, the dysfunctional Warriors, who had been to one postseason in 16 years, were officially the most expensive franchise in NBA history. In 2010, $450 million was a record-breaking sale for an NBA franchise. This time, the local battle cry was "We Belong". On March 2, 1962, in a Warrior "home" game played on a neutral court in Hershey, Pennsylvania, Chamberlain scored 100 points against the New York Knicks, a single-game record the NBA ranks among its finest moments.[14]. Team President Rowell was also terminated and replaced with Rick Welts. A team statement emphasized, "As a limited investor who has no day-to-day operating functions with the Warriors, Mr.. His love for the team and the game was a key factor in his ownership bid. the San Francisco Business Times reported. "I think I can do just as well, if not better," Mastrov told Bay Area News Group.

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