Entries tagged "New Jersey Nets"
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.
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.
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...
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 Boston Celtics are up 2-1 over the Los Angeles Lakers in the NBA finals, but some dealmakers are looking elsewhere.
