CSUEB alumnus Mark Mastrov Photo: agassifoundation.org
Golden State Warriors may be owned by CSUEB alumnus
- March 31, 2010 5:00am
Mark Mastrov, founder of 24-Fitness and alumnus of Cal State East Bay, wants to buy the Golden State Warriors basketball team.
Mastrov founded 24 Hour Nautilus health club in 1983, two years after graduating from Cal State East Bay. 24 Hour Nautilus grew into the 24 Hour Fitness chain. Mastrov sold the company in 2005 for $1.68 billion and came away with a lot more than the $15,000 he'd initially borrowed from his grandmother.
Oracle Corp. CEO Larry Ellison has already made it well known that he wants to buy the team, to which Mastrov told the Contra Costa Times, "If I sit back and say money wins championships "... when you look around the league, there are a lot of very wealthy owners, like (Dallas Mavericks owner) Mark Cuban. So it's not just about having deep pocketbooks.
"You have to understand the process and you have to put the right team together. If we decide we can get into the bidding process, I think I've put together a phenomenal team that can execute plans to bring the Warriors to the level of a winning program."
Read the entire article, “Lafayette millionaire who founded 24 Hour Fitness wants to buy Warriors.”
California State University, East Bay is the San Francisco East Bay Area's high-access public university of choice. CSUEB serves the region with campuses in Hayward and Concord, a professional development center in Oakland, and an innovative online campus. With an enrollment of more than 14,000, the University offers a nationally recognized freshman year experience, award-winning curriculum, personalized instruction, and expert faculty. Students choose from among more than 100 professionally focused fields of study for which the University confers bachelor's and master's degrees, as well as an Ed.D. in education. Named a "Best in the West" college, as well as a Best Business School, by the influential Princeton Review, Cal State East Bay is among the region's foremost producers of teachers, business professionals and entrepreneurs, public administrators, health professionals, literary and performing artists, and science and math graduates.