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The Nets and Barclays Center are in good shape, despite the shortfalls caused by the COVID pandemic. And in large part, that belief is based on having an owner in Joe Tsai who’s been willing to...
Could Barclays Center be renamed? Documents suggest not for long time! Share this story Photo by Alex Trautwig/Getty Images Fourteen years ago, then Nets CEO Brett Yormark pulled off a coup in getting Barclays, the big British bank, to sponsor the new arena not yet under construction at the corner of Flatbush and Atlantic. Barclays, then planning on opening retail banks in the U.S., reportedly agreed to pay $20 million a year for 20 years, a $400 million bonanza that Yormark’s boss, Bruce Ratner needed to prove the arena could be viable financially. The deal got reworked twice with the an...
How much are the Nets worth ... and did James Harden trade enhance their value?!? Share this story Photo by Nathaniel S. Butler/NBAE via Getty Images Sportico, the sports business site, is the latest website to try to value the NBA’s 30 teams and in its analysis, out Monday, put the Nets valuation at $3.4 billion — about what Joe Tsai paid for it in September 2019 — making Brooklyn the league’s fourth most valuable. Only the Knicks, Warriors and Lakers ranked higher with New York’s valuation of $5.4 billion topping the NBA despite, as Sportico wrote, “posting a losing record over...