I'm not sure why you're focusing so much attention on Principal Owner Bruce Ratner of the NETS and the business side of owning the NETS other than to have something to blog about.
Reality is that the team is owned by many investors (including some of its' former owners), with Bruce Ratner's company at the top of the pyramid (with a little over 20%).
Despite reports that Bruce Ratner's Forest City Enterprises is currently hemorhaging money in connection with the delayed project to acquire, relocate and re-develop a portion of Brooklyn with the NETS as the centerpiece, I do believe it'll happen by 2010 at the latest.
If all goes well, the entire venture should be profitable to all concerned, including investors in the NJN.
While the NJN are losing money, like many NBA teams, their financial fortunes can be turned around with this move.
Moreover, the financial difficulties of the project, nor the money-losing status of the NETS, does not portend bad times for the team.
In fact, the NETS have good management and a fine talent base intact to succeed for many years to come. They may even garner a title or two should they acquire a legitimate PF/C via trade, FA or through the draft.
All said, the idea of running all aspects of the relocation project and the NETS team as a business is appealing. Why? Because if the business is well run, it can sustain itself.
To operate well, any business has to be able to turn a profit. In order to do this you need sound management making judicious decisions building a quality organization. That alone'll ensure a quality product on the floor for NETS fans.
That's all NETS fans really want! A winning product on the floor that can contend for a title. You can't ask for more of ownership and management.
The current makeup of the team is also very exciting and entertaining. (I would not trade VC and RJ for the "I feel like a robot" KG).
Finally, the financial controls that fiscal sanity requires in a well run enterprise, should help the NETS avert the "brain-dead" mistakes the 19-47 NYK are making with James Dolan at the helm.
A self-sustaining business is a healthy one. One that relies on the income, profit and revenue of another (parasitism) to stay alive will only bring itself to ruin.
Rejoice, NETS fans, your future is secure.
Reality is that the team is owned by many investors (including some of its' former owners), with Bruce Ratner's company at the top of the pyramid (with a little over 20%).
Despite reports that Bruce Ratner's Forest City Enterprises is currently hemorhaging money in connection with the delayed project to acquire, relocate and re-develop a portion of Brooklyn with the NETS as the centerpiece, I do believe it'll happen by 2010 at the latest.
If all goes well, the entire venture should be profitable to all concerned, including investors in the NJN.
While the NJN are losing money, like many NBA teams, their financial fortunes can be turned around with this move.
Moreover, the financial difficulties of the project, nor the money-losing status of the NETS, does not portend bad times for the team.
In fact, the NETS have good management and a fine talent base intact to succeed for many years to come. They may even garner a title or two should they acquire a legitimate PF/C via trade, FA or through the draft.
All said, the idea of running all aspects of the relocation project and the NETS team as a business is appealing. Why? Because if the business is well run, it can sustain itself.
To operate well, any business has to be able to turn a profit. In order to do this you need sound management making judicious decisions building a quality organization. That alone'll ensure a quality product on the floor for NETS fans.
That's all NETS fans really want! A winning product on the floor that can contend for a title. You can't ask for more of ownership and management.
The current makeup of the team is also very exciting and entertaining. (I would not trade VC and RJ for the "I feel like a robot" KG).
Finally, the financial controls that fiscal sanity requires in a well run enterprise, should help the NETS avert the "brain-dead" mistakes the 19-47 NYK are making with James Dolan at the helm.
A self-sustaining business is a healthy one. One that relies on the income, profit and revenue of another (parasitism) to stay alive will only bring itself to ruin.
Rejoice, NETS fans, your future is secure.
