Golden State Warriors Are Sold, But Not To Highest Bidder Ellison

Pacifica Slug@azovrkzContributor IJuly 15, 2010

MINNEAPOLIS, MN - APRIL 7: Head coach Don Nelson of the Golden State Warriors in the second half against the Minnesota Timberwolves during a basketball game at Target Center on April 7, 2010 in Minneapolis, Minnesota. The Warriors defeated the Timberwolves 116-107. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Hannah Foslien /Getty Images)
Hannah Foslien/Getty Images

Chris Cohan has decided to give one last middle finger to the fans of the Golden State Warriors.

Tim Kawakami from the San Jose Mercury News is reporting that a group led by Joseph Lacob has purchased the team for $450 million.  

According to a statement released by Larry Ellison, he, not Joseph Lacob, submitted the highest bid.  

Barring some personal rift with Ellison, this means that Cohan either really like Lacob and wanted to accept his lower offer for kicks, or he knew that Ellison is a fan favorite and wanted to give one last FU to the fan base.

My guess is the latter since Cohan's love of money is pretty well documented.  Why, when he is facing a $160 million lawsuit from the IRS, would he turn down more millions?

All I can say is that I hope Lacob's group doesn't turn out to be some Cohan crony that will be a Cohan Clone and just be interested in squeezing money from the franchise.

Ellison represented a driving force that would have the deep pockets and the commitment to provide the pieces necessary for success.

My hope is that coming from the Celtics, Lacob understands what it is going to take to turn this franchise into a winner.

As I have said before Cohan, don't let the door hit you in the ass on the way out.