So what if Indian basketball players are still several years away from being good enough to play in the NBA? India leads the world in other fields - particularly software, and business acumen. Mumbai's Vivek Ranadivé, who is the chairman, CEO, and founder of computer software company TIBCO, took up ownership of the Golden State Warriors last week as the vice-chairman of GSW Sports LLC Executive Board. Ranadivé is the first Indian owner of an NBA team, and could open the flood gates for many more Indian entrepreneurs looking to invest in basketball.
The CEO and governor of the ownership group is Joe Lacob.
Ranadivé, a 53-year-old businessman, grew up in Juhu, Mumbai, and has been a graduate of the Massachusetts Institute of Technology (MIT) and postgraduate from the famed Harvard Business School. He founded TIBCO in 1997, which is "an infrastructure software company, [that] uses technology to help companies bridge the gap between the time something happens and the understanding of that event."
Ranadivé has also authored two books: The Power of Now (1999) and The Power of Predict (2006).
Here are more interesting details from Desi Hits:
Ranadive does not play basketball, however he is a big fan of the Golden State Warriors and has been a ticket holder for many years. He also coached his daughter Anjali's basketball team and helped the girls win a championship.
Seeing that the team consisted of 12 year old girls who weren't very tall and didn't have a lot of experience playing basketball he knew he had to come up with a strategy to help them succeed. He made the decision to have the girls do a full-court press for the whole game, and it worked out.
He hopes to use this out-of-the-box thinking with the Golden State Warriors as well.
He added "The areas that I hope to bring to the table in making the Warriors a 21st century team: I will help with everything from fan base managing customer loyalty programs, structure, community outreach and game play. I would also like to help make it a global brand, especially helping to popularize it in the Indian community."
This is exciting news, both from an Indian point of view and for Golden State Warrior fans. The Warriors have been an up-and-coming squad this season, boasting the talents of Monta Ellis, Stephen Curry, and David Lee who have given them one of their best starts in several years. They have lost a few games since then and currently hold a 7-7 record.
My next question is this: how soon before Vijay Mallya buys the Knicks?