A Look at the Nets’ Financial Woes

April 7th, 2009

With operating losses for the year at close to $30 million, it’s not a pretty picture: “In a sign that the recession has already eaten away at the bottom line in sports, revenue for the New Jersey Nets’ operating company dipped sharply in fiscal 2009, the last five months of which coincided with the economy’s contraction. Many observers have suggested that because teams’ selling season for suites, season tickets and sponsorships finished before the economy cratered, sports would only begin [...Read More at Source]