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October 2, 2009
Media kingpin Semel wanted Nets
NY Post
Terry Semel, the former boss at Warner Bros. and Yahoo!, was the secret runner-up in the battle to buy the Nets.
Brooklyn-born Semel was beaten at the buzzer by Russian playboy billionaire Mikhail Prokhorov, who offered to pay for the arena being built in Brooklyn as well as the team in a deal worth hundreds of millions of dollars. But sources say Semel, who divides his time between New York and Los Angeles, had hoped to be at most of the games as the new owner.
A friend of Semel -- who has concentrated on running his investment company Windsor Media after leaving Yahoo! in 2007 -- told Page Six: "Terry loves basketball and saw this as a great way to give something back to Brooklyn."
NoLandGrab: Thanks, but no thanks, Terry.
Posted by eric at October 2, 2009 11:19 AM