SBD/24/Franchises

WELCOME TO THE MACHINE? COMPUTER GROUP MAKES BID ON NETS

          "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).

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