Social Capital founder Chamath Palihapitiya has confirmed that he has sold his remaining two percent ownership stake in NBA champions Golden State Warriors.
Palihapitiya acquired a ten percent share in the Warriors in 2010 for US$25 million as part of the US$450 million takeover deal.
The sake followed Arctos Sports Partners' move to increase its slice of the Warriors.
The Warriors are currently the NBA’s second most valuable franchise according to Forbes, with a value of US$5.6 billion.
Earlier this year, Palihapitiya stated on the All-In podcast that “nobody cares” about China’s genocide of its Uighur population in the Xinjiang region, prompting the Warriors to release a statement that Palihapitiya does not speak on behalf of their franchise, and his views certainly don’t reflect those of the organization.
