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Why wont Cohan and Co sell the team again?
Posted: Wed May 28, 2008 9:05 pm
by Head Leader
Cash cow?
i mean seriously. I want to know.. and dont give me some un warranted speculation into what you tihnk you know..
ROWELL, you seem to be abreast of some sort of inner workings... what gives?
Larry Ellison practically begged for the team.
i want a new owner
i want the spurs owner
Posted: Wed May 28, 2008 9:46 pm
by Chris Cohan
I only know what I think everyone does - they're making lots of money on an already substantial (foolishly so, by some earlier estimates) investment and Chris Cohan is not exactly anxious to complicate his tax returns any time soon by selling more of such a massive set of assets.
Posted: Thu May 29, 2008 12:12 am
by Sleepy51
Rowell and I talked this one to death a few months ago, and the tax issue is the key one. Cohan got in hot water by following poor advice on his last business exit strategy. Selling the Dubbs while still appealing/negotiating/paying off his current tax penalties and inviting the IRS back into his pocket is probably not high on his list of priorities.
Posted: Fri May 30, 2008 5:35 pm
by marthafokker
Even before this IRS issue, Oracle's CEO wanted the Dubbs so badly... and was will to pay market price. Cohan refused to sell.
I am still dreaming the days Ellison becomes the new owner.
Posted: Sun Jun 1, 2008 7:03 am
by Yi Jian Lian
marthafokker wrote:Even before this IRS issue, Oracle's CEO wanted the Dubbs so badly... and was will to pay market price. Cohan refused to sell.
I am still dreaming the days Ellison becomes the new owner.
Same here, I wish Cohan wasn't such a cheap S.O.B.