Warriors’ Parent Said to Be Valued at $11 Billion in Stake Sale

A minority stake in Golden State Group, the holding company for the NBA’s Golden State Warriors, is up for sale, according to people familiar with the matter.

The 5% stake values the Warriors’ holding company at above $11 billion, the people said, asking not to be named discussing private information.

The Warriors are considered the most valuable team in the NBA and have the highest revenue in the league. The stake comes with a GSG board seat, court-side seats for GSG teams and access to the ownership lounge, the people added. GSG also houses the WNBA’s Valkyries, the NBA ...