<div class='quotetop'>QUOTE </div><div class='quotemain'>Tax troubles dog Warriors owner Cohan By JASON DEAREN, Associated Press WriterMay 17, 2007SAN FRANCISCO (AP) -- Now that his team is out of the NBA playoffs, Golden State Warriors owner Chris Cohan has another fight to wage -- with the federal government. The Internal Revenue Service says Cohan owes more than $160 million in back income taxes and penalties from the 1998 sale of a cable television company. The IRS claims Cohan set up three tax shelters to avoid a hefty bill after selling cable TV company Sonic Communications to Charter Communications for more than $200 million. As a result, the government is demanding about $95 million in past due taxes and another $66 million in penalties from Cohan, federal court records show. "All three tax shelters were promoted, funded and closed as a package deal for Cohan's benefit," a motion the government filed in February states. Cohan's attorney, Edward Robbins, didn't return a telephone call or an e-mail seeking comment from The Associated Press. A Warriors spokesman said the team had no comment. In previous testimony, Cohan said that trusted advisers were in charge of all decisions regarding the Sonic sale. The government alleges that Cohan paid $14 million to accounting firms KPMG and Presidio Advisors, Inc. to set the shelters up. "The Cohans acknowledged entering into two tax shelter transactions ... overseen by Presidio Advisors, on the advice of KPMG Peat Marwick LLC and petitioner's attorneys that these were valid and supportable transactions," the motion states. KPMG and Presidio Advisors are both subjects of federal criminal investigations into abusive tax shelters. Cohan is not a target of the criminal inquiry, however. A previous attempt by the government to sue Cohan for the back taxes was unsuccessful. In 2005, Cohan's attorneys successfully argued that documents the IRS needed as evidence were protected by attorney-client privilege. But the case was reopened in February after the federal government argued that Cohan had waived his attorney-client privilege during hearings in U.S. Tax Court.</div>two days after getting knocked out of the playoffs. Talk about a bad week.
He don't care..because of all the new bandwagon fans they've ALREADY sold out season tickets in 07/08
that is true playoff, about the season tickets and the bandwagon fans, atleast the celebrity bandgwagon fans. I saw Snoop at a few of those playoff games. When the hell was Snoop Dogg a warriors fan? All he talked about was the Lakers in all of his albums and he has a basketball court in his backyard designed around the real Lakers court.
^The funniest celeb sighting for me was Owen Wilson. During the series, he was in Dallas first and cheering them on. I believe Game 6, he was spotted rooting for the Warriors. Celebs man, besides a select few like Nicholson, Marshall, Spike, and Crystal. They all bandwagon.
<div class='quotetop'>QUOTE </div><div class='quotemain'>Celebs man, besides a select few like Nicholson, Marshall, Spike, and Crystal. They all bandwagon.</div>You forgot to add Mark Whalberg. He would come to Celtics vs. Lakers games, in LA, draped in Celtics apparel. Just watching the game you could see him stick out of the crowd because he was the only guy in green in a sea of yellow. Mike Gorman and Tommy Heinsohn used to have him in hte broadcast booth for a few minutes. He is a devoted Celtics fan.
<div class='quotetop'>QUOTE (WELCOMEtotheJUNGLE @ May 18 2007, 04:12 PM) <{POST_SNAPBACK}></div><div class='quotemain'>exactly Sboyd, last week he was draped in a warriors bandana and a baron davis jersey</div>Yeah, I saw that picture too. Posing with a ton of children like he was a pedophile or something...As for Jessica Alba, I know she went to a couple of Golden State Warriors games during the season, so I wouldn't consider her too much of a bandwagon fan as other people like Kate Hudson, Owen Wilson, and Snoop Dogg.
