Warriors equity sale negotiations in progress Valuation may shrink

According to a joint report by U.S. reporters Giles Turner and Randall Williams, people familiar with the situation revealed that part of the Warriors' equity is about to be sold.

The people said shareholders with a stake of slightly more than 10 percent are looking to sell their shares and have discussed the possibility of valuing the team at $7 billion. However, another person familiar with the matter said that such a high valuation is opposed by other investors and that the valuation could shrink.

The person familiar with the matter said negotiations are still ongoing and the sale plan could change.

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