SBD/9/Franchises

THE NEWARK NETS? EXEC REPORTEDLY MAKES OFFER FOR TEAM

          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).

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Franchises, Brooklyn Nets, YankeeNets

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