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July 28, 2009
Nets for sale not for sale for sale?
Here's a shocker: you can't get a straight answer out of Bruce Ratner, the Hamlet of NBA owners, or his flacks about whether or not he's looking to sell a large stake in his floundering New Jersey Nets.
SPORTSBIZ - THE BUSINESS OF SPORTS ILLUMINATED, Are the Nets For Sale?
The New York Post is reporting that Bruce Ratner, the commercial real estate developer and majority owner of the Nets has put the team up for sale. While the Nets deny this, as would be standard operating procedure, Nets officials confirm that the team is seeking investors, usual code speak for a sale.
NY Daily News, Source denies reports that Nets owner Bruce Ratner is shopping his team
A source close to Nets owner Bruce Ratner denied multiple reports that he is trying to sell all of or part of the team, saying that Ratner is merely fielding "inbound inquiries" from investors who want to come aboard before the team's planned move to Brooklyn.
A pair of reports published Friday said that Ratner is trying to unload at least part of the team due to financial issues and that he was looking for investors who are willing to move the team to Brooklyn to keep his long-delayed Atlantic Yards project intact.
NoLandGrab: Sure, people are beating down Bruce Ratner's door looking to get in on his excellent basketball team and ready-any-day-now Atlantic Yards project.
SportsBusiness Daily, Franchise Notes [Subscription required for full article]
Ratner Denies Reports He Is Looking To Sell Nets
In N.Y., Julian Garcia cited a source as saying that Nets Owner Bruce Ratner is "merely fielding ‘inbound inquiries’ from investors who want to come aboard before the team’s planned move.
HOOPSWORLD, State of the New Jersey Nets
Whatever state the New Jersey Nets are currently in—be it New Jersey, a state of repair, or even a state of fiscal turmoil—the franchise hopes it's only temporary.
More Nets news...
FOX Sports on MSN, The NBA's seven worst teams for next season
Columnist Charley Rosen thinks the Nets will be the NBA's worst team this coming season.
Even though getting rid of Vince Carter will give the youngsters more time and space in which to grow, the Nets could easily be the worst team in the league. That's because their roster is clogged with too many useless players — Yi Jianlian, Tony Battie, the chronically injured Eduardo Najera and Bobby Simmons. Also because Devin Harris is their only proven go-to scorer.
...What a mess!
NLG: Sounds just like the owner's Atlantic Yards project!
The Back Page [NYPost.com], Nets called worst team in NBA
Posted by eric at July 28, 2009 8:48 AM