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October 30, 2008
The sale of N.J. Nets is no long shot
The Daily Deal
By Gerald Magpily
It's not a good sign when a professional sports team, especially an NBA franchise, markets its tickets to fans with a buy-now-pay-later plan. Yes, times are tough, but that's not the only reason the New Jersey Nets are desperately trying to fill seats. As plans to move to Brooklyn stall, fans in New Jersey are abandoning the team -- it doesn't help that the team last season returned to its losing ways -- prompting interest from bargain shoppers hoping to add a sports franchise to their personal fortunes.
The economic slowdown has also put a full court press on Nets owner Bruce Ratner. So much so that the billionaire real estate mogul turned NBA franchise owner explored selling the team over the last year, according to the New York Daily News.
Posted by lumi at October 30, 2008 7:34 PM