Report: Brooklyn Nets Projected To Loss Of $144 Million In 2013-14

[Legends66NBA7]

http://nesn.com/2014/06/report-brooklyn-nets-projected-to-net-loss-of-144-million-in-2013-14/

[QUOTE]These are some dark days for the Brooklyn Nets. Not only are they without a head coach after the drama surrounding Jason Kidd, but Grantland reports that they are projected to lose $144 million in 2013-14.

This figure is from a confidential memo released by the NBA to all teams in early June. The Nets lost more money this year than any other team. Second on the list are the Washington Wizards, who lost $13 million. That

[Im so nba'd out]

http://cdn3.sbnation.com/assets/3644481/kiddwhoops.gif

[Thunderfan86]

This is so embarrassing :facepalm

[Bodhi]

I doubt that this is accurate. It reminds me of the memos sent out during the lockout saying that 22 of 30 NBA teams were losing money
http://www.businessinsider.com/nba-losing-money-2011-7

Then as soon as the lockout ends teams are selling for hundreds of millions. If the Nets were really losing much money, they wouldn't be valued at well over a billion

[Black and White]

The Lakers and Celtics tank and they are both top 5 in profits? :oldlol:

[gts]

ouch... well at least we know the Nets aren't doing anything towards proping up the Russian economy

[STATUTORY]

:roll: jay z tossed that stock CLUTCH

feel bad for the russian

[D-Rose]

I believe this doesn't include the Nets' earnings from Barclays.

[Thorn]

http://cdn3.sbnation.com/assets/3644481/kiddwhoops.gif
this is pretty much the Nets season in a nutshell

[outbreak]

:roll: jay z tossed that stock CLUTCH

feel bad for the russian
didn't it come out that he owned like .1% of the team or some tiny number?

[CHi1PriDe]

The Knicks lost 3.5 mil which is pretty surprising but because of the luxury tax.

Lakers lead in profits with 100 mil, Bulls 2nd with 61mil. Only if our owner wasn't so cheap and cared about the white sox more :facepalm

[Smook A.]

Illuminati told Jay-Z to leave. They knew what would happen to the Nets... and so he left.

The "eye" knows.

[STATUTORY]

didn't it come out that he owned like .1% of the team or some tiny number?
regardless, he sold his shares at its peak. Jay Z very shrew, he knew Nets business practices were not sustainable.

[Lord Bean]

Dogshit organization

[KyleKong]

http://i1.kym-cdn.com/photos/images/original/000/247/730/680.gif

[GimmeThat]

that's really nothing when you think about how much money they could make over the next 5-10 years.

[Legends66NBA7]

that's really nothing when you think about how much money they could make over the next 5-10 years.

And what exactly would that be ?

:confusedshrug:

[Rubio2Gasol]

He'll make that back off re-sale.

Vale of the team has gone up, regardless of their balance sheet.

[crisoner]

Illuminati told Jay-Z to leave. They knew what would happen to the Nets... and so he left.

The "eye" knows.

THIS! LMAO

[crisoner]

http://www.inflexwetrust.com/wp-content/uploads/2013/02/IFWT_Hov-2.jpg

HOV WINS!

[aboss4real24]

Worst franchise in basketball

[RoundMoundOfReb]

Mecca of basketball: Nets and Knicks :bowdown:

[1~Gibson~1]

didn't it come out that he owned like .1% of the team or some tiny number?
2%

But still thats funny :oldlol: and true

[NoGunzJustSkillz]

how much was their luxury tax bill?

edit: 80 mill. how the hell did they lose the additional 60 mill?