Entries tagged "NBA"

Nets get a new owner after all

It seems the rumors of Russian nickel mogul Mikhail Prokhorov's interests in the New Jersey Nets basketball team turned out to be true after all.

N.J. Nets to get Russian Cuban?

Are the New Jersey Nets about to get the Russian equivalent of Mark Cuban, the outspoken owner of the Dallas Mavericks?

Bain dealmaker Pagliuca may run for Senate

Another Bain Capital alum, Steve Pagliuca, may follow in former colleague Mitt Romney's foot steps and enter Massachusetts politics, but on the other side of the aisle.

Mark Cuban sounds like a PE investor

The ever boisterous owner of the Dallas Mavericks, Mark Cuban, has basically endorsed private equity and venture capital, while dismissing many hedge funds.

Ratner gets no sleep til Brooklyn

Nets owner Bruce Ratner reportedly is looking to sell all or part of his share of the N.J. Nets but if he's ever able to build a stadium in Brooklyn that transaction may garner a better deal down the road.

Hollywood's new triple threat

These days wealthy entertainers such as Marc Anthony have become triple threats of a different sort by focusing on acting, singing and buying professional sports franchises.

Barclays to stuff Nets deal?

With six months left to raise money to build a Brooklyn arena, NBA franchise the Nets could lose a $400 million sponsorship from British bank Barclays.

Mavericks owner Cuban fined for tweet

Dallas Mavericks owner Mark Cuban's complaints about referees via Twitter, costs him $25,000 in NBA fines, and prompts questions for copyright scholars and finds an answer from close to home.

Pro sports deflated by tough times

The sports business certainly hasn't been all fun and games lately, if it ever was. First came news in mid-October that the National Basketball Association would cut 9% of its U.S. staff. The National Football League followed suit last week, axing more than 10%....

NBA's Knicks top Forbes ranking while Nets sit near the basement

Sometimes it's not how you play the game on the court, but where you play the game that impacts the value of your National Basketball Association franchise -- at least that's the conclusion one could logically make from Forbes' annual ranking of NBA franchises. Take, for example, the New Jersey Nets and New York Knicks, two teams that were each acquired for $300 million. Despite the Cablevison Systems Corp.-owned Knicks lowly record over the last couple of seasons while playing under the glitzy lights of Madison Square Garden in Manhattan, the team is the highest-valued NBA franchise at $613...

Mark Cuban fits baseball's mold

With the leading $1.3 billion bid in the Tribune Co.'s auction of the Chicago Cubs, Mark Cuban, the owner of the NBA's Dallas Mavericks, could become the newest member of an elite fraternity, Major League Baseball's owners group. And although some of the recent members may be unaccustomed to Cuban's antics that have generated controversy and fines, he'd certainly fit the mold of MLB owners of the past. ...

Celtics owner on a road trip

So what do you do after winning the NBA finals? If you answered "go to Disney World, of course," then you aren't a dealmaker. Boston Celtics general partner Wyc Grousebec -- earlier this month seen on ABC holding the NBA's Larry O'Brien Championship Trophy over his head -- instead is reportedly going on a road trip for a new $200 million fund that would invest in sports-related ventures, according to The Boston Globe....

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