Clippers owner Steve Ballmer is not believed to be interested. Warriors' coach Steve Kerr pointed out that Thompson is an elder now. In addition to owning the Golden State Warriors, he's been involved in moviemaking. The value of the team is up almost tenfold since then, and his 25% stake is worth more. Within two years, LNG has replaced all of the lost gas from Russia. ", The New York Times. Founded in . The suit alleges the Angels knew or should have known that former team publicist Eric Kay was providing illegal drugs to players. ", Lanka Reporter. Education: Syracuse University, New York University, so proud @warriors & #dubnation back-to-back pic.twitter.com/zL4UirPjx6. Golden State Warriors Joe Lacob(majority), Peter Guber GSW Sports LLC 450[16] 2010 Houston Rockets Tilman Fertitta Fertitta Entertainment 2,200[17] 2017 Indiana Pacers Herbert Simon Pacers Sports & Entertainment, Pacers Basketball, LLC 10.5[18][19] 1983 Los Angeles Clippers Steve Ballmer[20] LAC Basketball Club, Inc. 2,000[21] 2014 Also, the new contract covers provision for enhanced inclusion in digital content activations, with the ecommerce giant becoming the presenting partner of the Rakuten Runway' players' entrance, which is popular on social media with fans keen to see the NBA stars' fashion choices. Thompson is shooting 44 percent from 3 since Jan. 1. The minor league system is ranked worst by MLB Pipeline. His proven ability to deliver winners and the newfound availability of the Angels could make him an intriguing candidate. Visit ESPN to view the Golden State Warriors team roster for the current season Russian Tanks Have Crude Mine-Defenses. The Golden State Warriors organization, heading into its 75th season, is a charter member of the National Basketball Association. Current team value compared with latest transaction price. 1 most stressful city for U.S. workers, Turner: State takeover of Houston ISD could happen next week, The only Houston rodeo food guide you'll need, Former KHOU anchor turns layoff into lucrative real estate career, Bun B on bringing Southern rap stars to Houston's Rodeo, Houston is in for dust and gray skies as Texas haboob arrives, Astros GM provides update on Yordan Alvarez's hand injury, Houston leaders delay vote on Hobby Airport concesssions contract, Watch: Houston Astros' Luis Garcia debuts new windup, Houston pitmaster goes viral after hilarious on-air interview with reporter, 'Call me a Nazi': Former Houston-area pastor calls for state book ban. Golden State Warriors owner and CEO Joe Lacob said he's wasn't surprised by Ballmer's willingness to pay $2 billion. Were extremely excited about the addition of Mark to our ownership group, said Lacob. These include white papers, government data, original reporting, and interviews with industry experts. Founded in 1946 in Philadelphia, the Warriors moved to the San Francisco Bay Area in 1962 and took the city's name, before changing its geographic moniker to Golden State in 1971. Portion of franchise's value attributable to its arena. The reigning NBA champions paused all FTX-related promotions last week. In May, after an FBI affidavit revealed then-Anaheim mayor Harry Sidhu was under investigation for public corruption, the Anaheim City Council killed the $320-million deal in which Moreno would have renovated Angel Stadium and built a ballpark village around it. Joe Lacob, born Joseph S. Lacob is an American business executive who is the majority owner of the Golden State Warrior of the National Basketball Association. However, he is reportedly not a fan of the social media behemoth, according to interviews with media members. ", Bloomberg. This website is using a security service to protect itself from online attacks. Their own estimates pegged annual basketball-related revenue at $700 million. CNN has learnt Palihapitiya owns 2% of the Warriors. The Warriors won the inaugural Basketball Association of America (BAA) championship in 1947, and won again in 1956, led by Hall of Fame trio Paul Arizin, Tom Gola, and Neil Johnston. Hes an ideal fit.. RFK Killer Sirhan Sirhan Denied Parole For 16th TimeReversing 2021 Decision, Wednesday, March 1. SAN FRANCISCO, CALIFORNIA - JANUARY 27: Golden State Warriors' James Wiseman (33) talks to Golden State Warriors head coach Steve Kerr during a time-out during their game against the Minnesota . Palihapitiya received his Bachelor's degree in electrical engineering from the University of Waterloo. The recently released State of Black Venture Report surveyed 225 Black investors at various stages in their careers. He is also a member of the USC Viterbi School of Engineering Board of Councilors, is the founder and chairman of the USC Stevens Center for Innovation, and serves on the Advisory board of the Harvard Business Schools California Research Center. the San Francisco Chronicle in a story published last month, under investigation for public corruption, Anaheim City Council killed the $320-million deal, high-priced free agents lately have been flops, a civil lawsuit from the family of the late pitcher Tyler Skaggs, Chicago Mayor Lightfoot ousted; Vallas, Johnson in runoff, King asks Duke and Duchess of Sussex to move out of Frogmore so Prince Andrew can move in, Biden Mocks Marjorie Taylor Greene With 1 Simple Hand Gesture, A Nebraska high-school cheerleader competed on her own after the rest of her squad quit. Here are some key questions and early answers about the potential transaction. Stephen Curry #30 of the Golden State Warriors drives to the basket during the game against the Washington Wizards on March 14, 2022 at Chase Center in San Francisco, California. In her spare time, she enjoys working out, exploring and watching basketball. They are; Joe Lacob. Netflix's 'You' keeps on reinventing itself and raising the stakes, and season four is no different. A spokesperson for the Samuelis did not immediately return a message Tuesday. Portion of franchise's value attributable to its brand. The Houston Rockets (13-45) will attempt to break a seven-game losing streak when they visit the Golden State Warriors (29-30) on Friday, February 24, 2023 at Chase Center as 9.5-point underdogs. 12. Golden State Warriors owners Joe Lacob and Peter Guber stand with San Francisco Mayor Edwin M. Lee (middle) at a press conference announcing plans to build a new sport and entertainment. The high-priced free agents lately have been flops more often than not, most notably Albert Pujols and Josh Hamilton. Chamath Palihapitiya is a highly successful venture capitalist, along with being an engineer, and SPAC sponsor. Export volumes and wealth from LNG could potentially lead to $100 billion in new LNG developments in the US. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, Ticket Sales & Inquiries: 1-888-GSW-HOOP (press 1), Membership Services: 1-888-GSW-HOOP (press 3). Go Dubs!! Kay faces 20 years to life in federal prison. Auriemma's words of wisdom clearly worked for Thompson as he led all scorers with 32 points on 12-of-23 shooting, and drove a short-handed Golden State team to a 109-104 victory over Minnesota. Master of Business Administration, Stanford University; Masters of Public Health, UCLA; Bachelor of Arts/Science, University of California, Irvine. "Chamath Palihapitiya Invests in Two Deals in One Day During SPAC Boom. ", The Guardian. Golden State Warriors' team owner Joe Lacob said he encourages Steph Curry to follow Tom Brady's diet and lifestyle, but that would mean Curry would have to give up his wife's signature pasta dishes . Hall of Famers such as Wilt Chamberlain, Nate Thurmond, Chris Mullin and Rick Barry have all proudly worn the Warriors uniform, along with All Stars Stephen . Its not enough for the Ukrainians to mine the roads and fields where they expect the Russians to advance. Russias War On Ukraine: Daily News And Information From Ukraine, The Real Players Of Formula One: Drive To Survive Season 5, Scott Adams Undoing: A Timeline Of The Dilbert Cartoonists Fall From Grace. 2022 Billionaires: Cities With The Most Billionaires, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The nine-time NBA All-Star even wore her jersey in a post game press conference earlier this season when she dropped 26 against Northeastern in November. Earnings before interest, taxes, depreciation and amortization. Inside Joe Lacob's history, net worth and purchase of Golden State | Sporting News BOS IND Thu, 4:00p -8.5 pts DEN CLE Thu, 4:00p -2 pts DET ORL Thu, 4:00p -6.5. Palihapitiya is the founder and CEO of Social Capital and part owner of the Golden State Warriors. But California cities largely have ruled out paying to build major sports facilities for private owners, leaving real estate development as the popular way for owners to finance their venues. Under MLB rules, the Angels share the Southern California territory with the Dodgers, so the Angels could move to Los Angeles without the Dodgers consent. Sports // Golden State Warriors Warriors part-owner Chamath Palihapitiya still thinks he speaks for the rest of us SFGATE sports editor Alex Shultz's column on the billionaire-brained. Their rebuilding period was brief due in large part to the Warriors drafting of Rick Barry four months after the trade. We also reference original research from other reputable publishers where appropriate. The action you just performed triggered the security solution. The Golden State Warriors ' ownership group, led by Joe Lacob, is considering forming a partnership with investment bank Goldman Sachs to raise up to $25o million in capital to help the . Chamath Palihapitiya, a 45-year-old venture capitalist and minority owner of the Golden State Warriors, is under attack on Twitter for saying, "Nobody cares" about the Uyghur genocide in China. 11. It is not taking new clients, according to its website. Value of team based on current arena deal (unless new arena is pending) without deduction for debt. Over the years, Golden State Warriors owner Joe Lacob has consistently expressed a willingness to pay ungodly sums of money to field rosters that are championship ready. Houston pitmaster goes viral after hilarious TV interview, Houston facing severe thunderstorms, possible tornadoes Thursday, 'Call me a Nazi': Former Houston pastor calls for state book ban, Report: Houston ranked No. ", Institutional Investor. Silicon Valley: Definition, Where Is It and What It's Famous For, Mark Zuckerberg: Founder and CEO of Meta (formerly Facebook), Chamath Palihapitiya And Nine Other New Billionaires Minted By The SPAC Frenzy, The Unusual Ambitions of Chamath Palihapitiya, Chamath Palihapitiya Invests in Two Deals in One Day During SPAC Boom, At Social Capital, We Make Big Bets On Transformational Ideas, Technology, And People, In Flip-Flops and Jeans, An Unconventional Venture Capitalist. NOW WATCH: How Mark Cuban Paved The Way For Steve Ballmer's NBA Investment. 8. Golden State Warriors roster for the 2022-23 NBA season, players by position, starting lineups and coaches. in Economics (both magna cum laude) from the University of Southern California in 1981, an M.S. Coverage includes the NBA, NFL, MLB and NHL, as well as vintage media from defunct teams and leagues. Tom Tapp. Monday through Friday 8:30 a.m. to 5:30 p.m. Game day ticket requests through the Business office should be done Monday through Friday from 8:30 a.m. to 12 p.m. You can email the site owner to let them know you were blocked. Those owners certainly had a lot to celebrate Tuesday night in Cleveland. in Computer Engineering from USC in 1984 and an MBA from Harvard University in 1989. Hurley, meanwhile, filmed the last play and celebration while sitting courtside. Portion of franchise's value attributable to revenue shared among all teams. Golden State Warriors - Owners RetroSeasons Golden State Warriors Owners 1947-2021 (75 seasons) Teams San Francisco-Oakland Golden State Warriors History Owners 1947 2023 1947 2021 1947 2021 Showing 8 records. Mark Zuckerberg is a self-made billionaire and the CEO of Meta (formerly Facebook), which he co-founded in his dorm room in 2004. Value of team based on current arena deal (unless new arena is pending) without deduction for debt. The best hope would be by opening day 2023, or soon after. "I am a naturalized US citizen but I was Born in Sri Lanka, raised in Canada." Take the Next Step to Invest. He set an NBA record for threes in a quarter and tied the NBA record for field goals in a quarter en route to 52-total points. ChatGPT and Bard and so on produce wholly plausible text but not true statements, since they cannot evaluate what is true or not. Lacob joined venture capital firm Kleiner Perkins in 1987 and led investments in over 50 startup companies; he is no longer with the firm. Chamath Palihapitiya was born in Sri Lanka but is a naturalized American citizen but he was raised in Canada. Its founder faces criminal and civil charges and goes to trial in October. Weve managed to build a strong and well-rounded ownership group in which each individual contributes to our success, and Mark is no exception. "Golden State Warriors Owner Proud of Canadian Sri Lankan Heritage." Twitter.com. The NBA All-Star said he was inspired to lead after watching a video of UConn's Geno Auriemma. August 16, 2013 Joe Lacob and Peter Guber, the Co-Executive Chairmen of the Golden State Warriors, announced today that longtime Silicon Valley venture capitalist Mark Stevens has purchased the equity interests of the team that were previously held by Vivek Ranadive and joined the teams ownership group as an Executive Board Member. He's been the executive producer of several high-grossing films and has created numerous companies. Stevens, who is a part time lecturer at the Stanford Graduate School of Business, earned a B.S. I don't think he overpaid at all. Related by education: Stanford University. 1. Angel Stadium needs to be renovated or replaced, and the new owner will have to decide how to cover the cost. Visit ESPN to view the Golden State Warriors team roster for the current season. He brings an incredible track record of success in the business world, primarily as a venture capitalist in the Bay Area, and his expertise on many levels will certainly aid us in our quest to become a World Class organization. Elana Dur is a markets writer for Investopedia. Joe Lacob led an ownership group that in 2010 paid $450 million for the Golden State Warriors NBA team. The Warriors Ticket Sales and Membership Services Department is ready to help you with any of your ticket needs or questions. He's also the owner of the Golden State Warriors, Los Angeles Dodgers, Los Angeles Football Club (soccer), and aXiomatic. He has made clear he has little patience for the Angels consistent losing. She is originally from Houston, Texas and spent the past two years covering the Oklahoma City Thunder. Lacob (lower right) and Guber (lower left) were onstage to accept the trophy with the team. The Golden State Warriors, who are worth $4.7 billion. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network. He's also the owner of the Golden State Warriors, Los Angeles Dodgers, Los Angeles Football Club (soccer), and aXiomatic Gaming. Howard Peter Guber is an entrepreneur, hotel tycoon, and author. Social networking is the use of internet-based social media platforms to make connections and share various media with friends, family, colleagues, or customers. Our PGA Tour expert, Tom Jacobs is back to break down the best value in the Arnold Palmer Invitational field, as the field tries to take down the likes of Jon Rahm, Rory McIlroy, and Scottie . They did not hit that mark in the first year of the COVID-19 pandemic, when the Warriors laid off 1,720 part-time. Silicon Valley is an area in Northern California that is home to a large number of innovative technology companies. Stevens has been responsible for numerous, successful Sequoia investments including: Aspect Development, AtWeb, Billpoint, Commquest, Documentum, Mobile Peak, MP3.com, Nvidia, Pixelworks, Quicklogic, Quickturn, Stratum One, Summit Design and Terayon Communications. "Chamath Palihapitiya And Nine Other New Billionaires Minted By The SPAC Frenzy. When the Angels were sold to Moreno, Disney hired an investment banker the same one Moreno now is using in September 2002. FTX, once the third-largest centralized cryptocurrency exchange, is now in U.S. bankruptcy. . She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area. Their attendance is projected to be 2.5 million, the first full season below 3 million in the two decades of Morenos ownership. Palihapitiya was born in 1976 in Sri Lanka but raised in Canada. Chamath Palihapitiya is a highly-successful entrepreneur and venture capitalist in the San Francisco Bay area. The Golden Age For Liquefied Natural Gas (LNG). Getty Golden State Warriors owners Joe Lacob and Peter Guber celebrate the team's 2022 NBA championship victory. The Warriors are a juggernaut. If you are having difficulty accessing any content on this website, please visit our Accessibility page. Led by the eye-popping $7 billion Golden State Warriors, the average NBA team is now worth $2.86 billion, 15% more than a year ago, an impressive feat considering the stock market is down more than 15% over the same span. Joe Mazzulla's transition from interim head coach to the Boston Celtics' full-time leader has gone as smoothly as expected. Today, the NBA juggernaut is worth $5.2 billion, according to Sportico. Lacob was a minority owner of the NBA's Boston Celtics for five years before selling to buy the Warriors. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Net of arena revenues used for debt payments. Report Explores The State Of Blacks In Venture Capital, Bryan Danielson, AEW Stars Create New Career Paths Working With Meech Golden, 7 Golden Rules For Successful Panel Discussions, 15 Golden Rules For Hosting A Webinar That Converts Viewers. A representative for Kroenke declined to comment. That is not their purpose. "The Unusual Ambitions of Chamath Palihapitiya. Forbes estimates the Angels value at $2.2 billion, but the purchase price is what a buyer is willing to pay. Though the Warriors play in Oracle Arena in Oakland, the team has strong ties to nearby Silicon Valley. He continues to sponsor Special-Purpose Acquisition Companies IPOs. The ownership group is led by Peter Guber, chairman of Mandalay Entertainment, and Joe Lacob, a partner at legendary Silicon Valley VC firm Kleiner Perkins Caufield & Byers. Menu. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. People may receive compensation for some links to products and services on this website. This is an incredible opportunity for me, said Stevens. "It's in Los Angeles. Ownership Status Privately Held (backing) Financing Status Private Equity-Backed Primary Industry Other Restaurants, Hotels and Leisure Other Industries Leisure Facilities Primary Office 1 Warriors Way San Francisco, CA 94158 United States +1 (415) 000-0000 Golden State Warriors Timeline 2020 2021 2022 2023 Instead, they drew the soul-crushing Golden State Warriors, owners of the best record in the NBA. Skip to main . According to CNBC, he owns 10% of the Warriors. Currently the managing partner of S-Cubed Capital in Menlo Park, CA, Stevens is also a special limited partner and former managing partner at Sequoia Capital, a global venture capital firm based in Menlo Park. Howard Peter Guber is an entrepreneur, hotel tycoon, and author. "Former Facebook executive: social media is ripping society apart. Early Facebook exec Chamath Palihapitiya says platform could have fixed its product years ago, Golden State Warriors Owner Proud of Canadian Sri Lankan Heritage, I am a naturalized US citizen but I was Born in Sri Lanka, raised in Canada. 2023 Forbes Media LLC. I became an Angels fan and worked at Anaheim Stadium for seven years as a peanut vendor, he told the San Francisco Chronicle in a story published last month. 1. The latest renewal will see Rakuten's logo continue to feature on all Warriors uniforms, with the brand also gaining additional visibility and enhanced signage at the team's. He is a naturalized American citizen. Chamath Palihapitiya worked at Facebook (now Meta) as a senior-level executive, who led the development team and was crucial in launching new platforms that contributed to the success of Meta. Portfolio companies include survey platform SurveyMonkey, biopharmaceutical company MeMed Diagnostics, and co-living rental platform HubHaus. Copyright 2023 Market Realist. He joined Sequoia in 1989 as an associate and became a partner in 1993. This compensation may impact how and where listings appear. Golden State's offensive prowess and poor defense has been a boon for Over bettors riding the team's 35-21-2 Over/Under record on the year, including a 21-6-1 O/U mark as a visitor. His father worked as an official with the Sri Lankan High Commission, and when his post ended, he applied for refugee status. Under Joe Lacob, the Golden State Warriors won four in eight years. Forbes estimated the Dodgers value at $800 million when McCourt put them up for sale; Mark Walter and Co. won an auction at $2.15 billion. Milwaukee Bucks co-owner Marc Lasry has reached an agreement to sell his portion of the Bucks to . Click to reveal Net of arena revenues used for debt payments. Guber owns three sports teams: the NBA's Golden State Warriors, the MLB's Los Angeles Dodgers, and the Los Angeles Football Club. This is a carousel. By next spring, the Angels could be on their fifth manager in six years. The terms of Stevens acquisition were not released. Trout isnt going anywhere but his enormous salary could impact the Angels ability to spend on free agents for years to come. Golden State Warriors Staff & Executives - RealGM Golden State Warriors Staff & Executives Team: Season: Current | Historical View: Person View | Grid View Sort: Staff (A-Z) Col umns: Swipe 160 staff members found. Twitter VP Jeff Dejelo (second from left) watched the game on the screen at Oracle Arena with thousands of other Warrior fans who couldn't make the trip out to Cleveland. 9. Palihapitiya raised six special purpose acquisition companies (SPAC) over 2020, including one with Virgin Galactic founder Richard Branson. Pages in category "Golden State Warriors owners" The following 8 pages are in this category, out of 8 total. They do not know anything and they have no insight. Though the Warriors play in Oracle . Moreno still faces a civil lawsuit from the family of the late pitcher Tyler Skaggs. It is unlikely that a new owner would win a bidding war for a team in the second-largest media market in the United States and then devalue the investment by moving the team outside the market. Choose your plan. The purchase came during a pivotal time for the . He is credited with helping orchestrate the social media platform's massive growth. 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Palihapitiya is listed as an executive board member on the Warriors' website. He also invested in two companies going public via black-check vehicles in January: innovative lock maker Latch and solar lender Sunlight Financial. Gavin Newsom (D) blocked the move. Dallas Mavericks owner Mark Cuban, who has looked into buying the Dodgers and other major league teams, told The Times he is not interested in pursuing the Angels. In 2010, Chamath Palihpitiya helped buy the Golden State Warriors for a record $450 million. Golden State still has arguably the best starting lineup in the league when everyone is healthy, but that dominant net rating has been . Social Capital founder Chamath Palihapitiya has confirmed that he has sold the remainder of his ownership stake in National Basketball Association (NBA) champions, the Golden State Warriors. Teams. Cloudflare Ray ID: 7a156cfb4ab1693d Following an outpouring of criticism on social media,. Apart from the ownership group, the Warriors have lots of devoted fans in the tech industry. A California parole board voted to release Sirhan from his life sentence two years ago, but Gov. For mines to work, Russian mine-countermeasures have to not work. "At Social Capital, We Make Big Bets On Transformational Ideas, Technology, And People. Golden State Warriors owner Joe Lacob's fiancee Nicole Curran celebrates with fans after the Warriors beat the Memphis Grizzlies 100-93 in a NBA game at the Oracle Arena in Oakland, Calif., on . The club plays its home games at the Chase Center. Golden State Warriors 1 Warriors Way San Francisco, CA 94158 (415) 388-0100 Directions Ticket Information: Ticket Sales & Inquiries: 1-888-GSW-HOOP (press 1) Group Sales: 1-888-GSW-HOOP. During his tenure at Sequoia, his investment focus areas have been in semiconductors, networking systems, software and energy. Modern society generates a tremendous volume of waste. Joe Lacob and Peter Guber, the Co-Executive Chairmen of the Golden State Warriors, announced today that longtime Silicon Valley venture capitalist Mark Stevens has purchased the equity. Thursday marked the 10th anniversary of Lacob's ownership group buying Golden State for $450 million, a price widely deemed excessive at the time. On the other hand, what better way for a new owner to make his mark than to persuade Ohtani to stay by surrounding him with depth and talent and selling him on a championship vision? He even got to hang out with MC Hammer later on in the night. Offers may be subject to change without notice. The most likely candidate to buy a sports team could be someone who already owns one. C Chris Cohan F Jim Fitzgerald G Eddie Gottlieb Peter Guber L Joe Lacob M Franklin Mieuli R Vivek Ranadiv S Mark Stevens (venture capitalist) Lacob, acting as majority owner . The best panel discussions appear relaxed and spontaneous. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, and researcher who has assisted thousands of clients over a more than two-decade career. The team's executive board is packed with big names in tech: former Facebook executiveChamath Palihapitiya, Redpoint Ventures' John Walecka, Sequoia Capital's Mark Stevens, Benchmark Capital's Bob Kagle, Juvo Capital's Harry Tsao, YouTube cofounder Chad Hurley, and Zappos cofounderNick Swinmurn have all invested in the Warriors. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. Special Purpose Acquisition Company (SPAC) Explained: Examples and Risks, FTX: An Overview of the Exchange and Its Collapse. Golden State Warriors1 Warriors WaySan Francisco, CA 94158(415) 388-0100Directions, General Ticketing email address:ticketing@warriors.comMembership Services email address:membershipservices@warriors.comFor mobile ticketing assistance, please visitwww.warriors.com/mobile. on how billionaire sports owners are able to use their . The approval process for multiple buyers with multiple teams up for sale could delay a final sale, which must be approved by MLB owners. In Anaheim, the ballpark site has three times as much land available for development as the potential site in Long Beach, and the Anaheim site has excellent access via freeways and mass transit. Arte Moreno is exploring selling the Angels, the team announced Tuesday. The five-time NBA All-Star is 33, but has been with the organization since Golden State drafted him with the 11th overall pick . , including one with Virgin Galactic founder Richard Branson heading into its 75th season, is in. 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