DESPITE ISLANDERS' INTEREST, NETS MAY NOT LEAVE NEW JERSEY
The Nets have received a bid from N.Y. Sports Ventures,
owners of the Islanders, which is believed to be in excess
of $150M, "within the past two months," sources told Richard
Sandomir of the N.Y. TIMES. But the NJ Sports & Exposition
Authority (NJSEA) believes that talks to rework the Nets'
Continental Airlines Arena lease "are going well, and that
there have been no recent problems to upset the Nets'
ownership." NJSEA President Dennis Robinson: "We've had
substantive and positive negotiations with the Nets."
Sandomir wrote that there is also "no guarantee" that the
Nets' seven owners would sell at this time, as they have "a
great attachment to the Nets and have fielded offers
before." Minority Partner Don Unger said, "We haven't even
had a board meeting on this" (N.Y. TIMES, 5/9).