The unconnected sources confirmed Cohan was in negotiations with Oracle billionaire Larry Ellison recently. But Cohan and Ellisonâ€™s group couldnâ€™t reach an agreement. Cohan is â€œstill interestedâ€ in selling the team. One source said â€œhe is tired of losingâ€ and another said he is â€œlooking to cash out.â€
But he isnâ€™t desperate. According to one of the sources, potential suitors have tried to buy the Warriors at a deal price, trying to take advantage of the Warriors cellar-status, Cohanâ€™s reported money problems and the spiraling economy. One would think Cohan would be eager to strike a deal now, since many expect the economy to hit the NBA harder in the immediate future.Â But Cohan isnâ€™t just giving away the team, according to a source.
â€œIf he gets the right offer,â€ one source said, â€œI think he would sell the team right now. But heâ€™s not giving it away for pennies.â€