Joe Lacob and Peter Guber bought at the right time. The Golden State Warriors franchise was valued at $800 million on Friday, according to an ESPN report.
Lacob and Guber purchased the team almost three years ago for $450 million in November of 2010.
The team announced Friday that Silicon Valley venture capitalist Mark Stevens bought into the Warriors' ownership group -- taking the place of Vivek Ranadive, who left to become the Sacramento Kings' majority owner -- and the club valuation is based on the amount he payed for his portion.
[NEWS: Mark Stevens joins Warriors ownership group]
Indications are that the privately funded San Francisco arena, which is expected to be ready for the 2017-'18 season, drove up Stevens' price -- and subsequently, the franchise value.
Golden State, which was valued by Forbes magazine in January at $555 million, is coming off a 47-35 season in which the team reached the playoffs for just the second time in the last 19 years.
The Warriors are entering their third season under head coach Mark Jackson, and with the addition of Andre Iguodala, they are expected to compete for the Pacific Division crown.