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Cohan Puts Warriors Up For Sale


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Chris Cohan, owner of the Golden State Warriors, is interested in selling the franchise, according to sources.

 

The unconnected sources confirmed Cohan was in negotiations with Oracle billionaire Larry Ellison recently. But Cohan and Ellison’s group couldn’t reach an agreement. Cohan is “still interested” in selling the team. One source said “he is tired of losing” and another said he is “looking to cash out.”

 

http://www.realgm.com/src_wiretap_archives/60449/20090709/cohan_puts_warriors_up_for_sale/

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Update:

 

Warriors president: 'Team is not for sale'

 

Golden State Warriors president Robert Rowell refuted a report that majority owner Chris Cohan was looking to the sell the team.

 

"The team is not for sale," Rowell said on Friday. "I do not know how I can be any clearer than that."

 

The Contra Costa Times reported this week that Cohan negotiated with Oracle billionaire Larry Ellison but could not reach an agreement. Sources said Cohan is looking to "cash out" because of his reported money problems, including a tax evasion claim against him by the IRS.

 

http://sports.yahoo.com/nba/rumors/post/Warriors-president-Team-is-not-for-sale-;_ylt=ArPmUhIxZ_eZvB6wkQp_UN28vLYF?urn=nba,175992

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