The Golden State Warriors are missing out on 70% of their revenue without fans attending games, according to Joe Lacob.
“Over 70% of our revenue are lost when we’re in this situation without fans,” said Lacob at a recent SporticoLive event.
The Warriors are adversely impacted because they don't have a large local media contract and due to expenses following their move to a new arena.
Sportico estimates that the team generated $434 million of revenue last season from home games.
Lacob added that the Warriors will continue to try to find ways to get fans in attendance this season, including administering rapid PCR tests at the door.
“It’s actually very costly, but the truth is, we feel that whatever we spend on it, we will get that much back if we can have fans in the building," added Lacob.