COHAN OFFICIALLY ASSUMES OWNERSHIP OF WARRIORS
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).