COS AND EFFECT RELATIONSHIP: DETAILS OF NEW NETS PARTNERSHIP

          Comedian Bill Cosby has "bought stock" in the CYO
     component of the Nets ownership group, which consists of
     Nets co-Chair Lewis Katz and the Van Beuren Management
     Trust, and is the "largest ownership interest" in the team,
     according to Guy Sterling of the Newark STAR-LEDGER.  Team
     President Michael Rowe said that the NBA approved Cosby as
     part-owner yesterday and that he "will use his star quality
     and enormous energy to attract more people into the goals
     and mission" of the Nets' CYO component.  Katz said that one
     of Cosby's responsibilities will be getting involved in
     halftime presentations to honor "people from all walks of
     life" and that the CYO "was not pursuing new investors" when
     Cosby was brought aboard.  Cosby is also buying two
     courtside seats for home games (Newark STAR-LEDGER, 1/14).