Sporting KC Becomes Envy Of City, League Is Angelos Becoming More Hands-On? Yankees Likely To Keep Spending Brandon's Toronto Comments Show Discord Pistons Seeing Jump In Ticket Sales Dolan Vs. Prokhorov Hurting Teams? Yankees Spend Big On Jacoby Ellsbury Bills' Brandon Discusses Future Of Toronto Series Five Former Chiefs Sue Team Over Concussions Indians To Close Three Team Shops
THE NEWARK NETS? EXEC REPORTEDLY MAKES OFFER FOR TEAM
Published January 9, 1998
Newark business exec-philanthropist Raymond Chambers "has offered to buy the Nets and construct a privately financed arena for the team" in the city's downtown, according to a source close to the talks cited by Gus Sterling of the Newark STAR-LEDGER. The Nets ownership consortium "has spoken with" Chambers "but given no indication it is willing to sell the team." As Chambers' interest "has intensified," a Newark-based business group "has begun studying the feasibility of building an arena in the city." Nets President Michael Rowe "confirmed" the team had been approached by a Newark group, but would not say if Chambers was involved in the discussions (STAR-LEDGER, 1/9).