Tag: bond debt

Kaplan calls Warriors owners ‘deadbeat billionaires’ after team loses arena debt court battle

Oakland City Council President Rebecca Kaplan won't be getting a Christmas card (or Hanukkah card) from Golden State Warriors owner Joe Lacob this holiday season. The California Supreme Court on Wednesday rejected the Warriors' appeal of a ruling requiring the team to pay its remaining arena debt, which began in 1996 as a 30-year, $140 … Continue reading Kaplan calls Warriors owners ‘deadbeat billionaires’ after team loses arena debt court battle →

Rebecca Kaplan tells fans to think twice before buying Warriors tickets

The Warriors move to San Francisco has always rankled Oakland City Council President Rebecca Kaplan. When the team attempted to skip town without paying its continuing share of a bond debt used to reconstruct the Oakland Arena (previously known as Oracle Arena), it was Kaplan who repeatedly called out the team. Now that the team … Continue reading Rebecca Kaplan tells fans to think twice before buying Warriors tickets →

Taxpayers win, Warriors lose; arbitrator rules team is on the hook for $40m arena debt

The Golden State Warriors rarely throw up an air ball, but they did Monday after an arbitrator ruled the team must continue paying its $40 million share of the Oracle Arena bond debt. Warriors owners had argued they were no longer on the hook for annual payments on the 30-year bond, issued in 1996 for … Continue reading Taxpayers win, Warriors lose; arbitrator rules team is on the hook for $40m arena debt →