Are the Warriors Up for Sale?

by July 06, 2009
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According to one plugged-in local media member, this might very well be the case: “We’ve all heard the rumors for years. They have been denied each and every time. I’ve listened and not taken the rumors seriously in previous iterations. But this time I’ve heard it from several people very close to the situation and in the league, with little room for doubt on their part: Warriors owner Chris Cohan is believed to be seriously considering selling his 80% stake in the franchise in the next year or two, according to the sources. (He took control of the franchise in January 1995.) In fact, one knowledgeable source said it’s ‘highly likely’ that Cohan will sell most or all of his controlling interest in the team, possibly pulling back only if the current recession unexpectedly continues through 2011 and Cohan can’t get the price he wants.”