Pic: Chris Cohan, Golden State Warriors owner
Oracle CEO Larry Ellison has held out a savior stick to Chris Cohan who owns Golden State Warriors, of NBA. Ellison has offered to buy the team, in public. Why not? For he has the security of his multi-billion dollar corporation.
His offer comes at a time when Chris Cohanâ€™s professional sports team has been the victim of incompetence, has suffered humiliation, and urgently needs someone to save it.
Odds are obviously in favour of Ellisonâ€™s buy out. Sports writer Monte Poole has suggested Chris Cohan go ahead and sell it, to save the team from downingÂ further into chaos.
At the moment, Chris Cohanâ€™s reputation is muddied. He is in the thick of legal troubles. Ellison hinted at a recent Oracle event that he was trying, but that he could obviously not do a hostile takeover of a basketball team. His statement put to end the speculation surrounding his interest to buy Golden Warriors.
The decision whether or not to sell the team is of course entirely that of Chris Cohan. For, his track record at team ownership with respect to Warriors since 1995, has been on the downside.
Whether Warriors will rise from ashes once Ellison takes over, is a matter of wait and watch.
Via: Mercury News