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COHAN OFFICIALLY ASSUMES OWNERSHIP OF WARRIORS
Published January 20, 1995
The official transfer of ownership of the Warriors to cable TV exec Christopher Cohan was finalized on Thursday. NBA owners had approved the sale by former owners Dan Finnane and Jim Fitzgerald on Tuesday, but the "official exchange was delayed" because Cohan had to restructure a bank loan to meet league requirements. Cohan, a resident of San Francisco, first purchased 25% of the team in '91 for $21M and "reportedly paid $105M to take complete control of the franchise." The day-to-day operations of the club will be handled by newly hired team President, Andy Dolich, former Exec VP of the A's (David Li, OAKLAND TRIBUNE, 1/20).