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).