By Marcus Thompson
Friday, July 3rd, 2009 at 6:20 pm in Uncategorized.
My colleague is reporting that Warriors owner Chris Cohan is considering dumping his 80 percent stake and turning the Warriors over to another suitor.
There has been rumors of him selling for years, but Tim Kawakami’s source convinced him this time is legitimate, which leads me to believe something is there. It certainly makes sense for Cohan. He’s got IRS troubles, loot is dancing out the door like Patrick Swayze and Jennifer Grey, and their predicted success on the court is at-best futuristic. Now might be the time to cut his losses. It may take a long time to get more than he could get right now.
While his departure may cause a parade in the streets, the change of ownership is no small deal. It could potentially set things back. A new owner could mean new president, and maybe even new general manager and coach. And all that could mean new roster, new direction on the court.
Is it best that everybody just calms down, be still and see where this current thing is going? Or do you want him to sell, even if it means starting completely over?