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October 31, 2008
No Sleep Till Brooklyn
FoxSports.com, The Bleacher Report
Nets owner Bruce Ratner denied a report that he had spoken to foreign investors from Dubai and Russia about wanting to sell the team. The story cited sources that estimated that the Nets were losing Ratner up to $30 million a year.
If it's cash that Ratner needs then maybe Jay-Z should increase his stake in the team. It would only increase the likelihood that LeBron James would join the Nets in 2010. He could just sell part of his stake to James once he retires.
In their first game of the post-Richard Jefferson Era, the Nets went into Washington on Wednesday and shocked the Wizards with a 95-85 upset. Vince Carter scored 21 points. Yi Jianlian had 17 in his Nets debut and Brook Lopez had 8 points and 8 rebounds.
NoLandGrab: Jay-Z has had plenty of opportunity to increase his equity stake in the company, but hasn't... something having to do with throwing good money after bad.
Posted by lumi at October 31, 2008 4:57 AM