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May 5, 2009
As Revenues Fall, Nets’ Front Office Shrinks
Nets Daily has this synopsis of a Sports Business Journal article on more cuts in the NJ Nets front office:
In addition to the ten staffers laid off two weeks ago, ten other front office positions haven’t been filled, reports Sports Business Journal. That brings team staff down to 120, a 15% drop from a high of 140 in late 2007. Team revenue has dropped from $100 million to $92.4 million this year and the Nets are among 16 NBA teams that rolled over loans from a $2 billion credit pool aimed at shoring up operations.
Sports Business Journal (subscription only), Nets cut front office staffing, lay off 10
Sports Business Journal, NBA gets loan pool renewal
Posted by lumi at May 5, 2009 5:52 AM