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WELCOME TO THE MACHINE? COMPUTER GROUP MAKES BID ON NETS
Published June 24, 1998
"The odds of the Nets moving to Long Island just might have gotten better" after Charles Wang's Long Island-based Computer Associates "put in a bid" to purchase the team with plans of moving it out of NJ, according to Michael James of the N.Y. DAILY NEWS. A company spokesperson "refused to confirm or deny sources' contentions that Computer Associates has offered" $150M, but one league source said that a "bidding war," which includes Islanders co-Owner Howard Milstein -- as well as a consortium of NJ business execs intent on moving the team to Newark -- "is brewing." The league source added that the NJ business execs could close the deal for $175M if it does so by Tuesday, "which, coincidentally, comes just before a possible NBA lockout." Nets officials could not be reached (N.Y. DAILY NEWS, 6/24).