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Thanks heavens! The wretched reign that has been Chris Cohan's tenure as owner of the Golden State Warriors shall soon end. Cohan has retained a firm to market and sell the franchise, which he purchased for roughly $120 million in 1995. The Warriors have made the playoffs once during that 15-year period, and have finished with a winning season just twice, fewer on both counts than any team but the Charlotte Bobcats, a team which didn't even begin playing ball until 2004.Larry Ellison, the billionaire owner of Oracle, is expected to be the most vociferous bidder for the team. Ellison has in the past made it clear he wants to own an NBA team, either the Warriors -- about whom he joked about a hostile takeover two months ago -- or an expansion or relocated team in San Jose, a metropolis one hour south of San Francisco and Oakland.
Needless to say, Ellison would be greeted with open arms in the Bay Area. (In fact, fans have taken to bringing signs to Oracle Arena pleading for Ellison, a frequent courtside viewer, to buy the team.) Meanwhile, Cohan is reviled, not just for the team's destitution, but also for being seen as cheap, stubborn and stuck in the past.
The Warriors join the Pistson as the only NBA teams officially for sale, given that sales of the Nets and Bobcats have effectively been completed. Cohan figures to get a price substantially larger than what either Bruce Ratner or Robert Johnson received, given the Warriors' excellent market location and seriously devout fan base.
The Pacers and Bucks are also considered to be nominally for sale. The Wizards are currently undergoing an ownership shift due to the death of longtime chief Abe Pollin.
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