TyCobb wrote:I would have to say the whole franchise is the asset. The logo, the brand, its affiliation with the NBA, etc. In about 4 years the Nets could have better TV deals (like the Lakers), more on-court success, which would raise their worth much higher.
One example is the Washington Wizards, which sold for $550 million in 2010 after previous owner Abe Pollin died. Forbes listed the Wizards' worth at $322 million, suggesting the team was sold at too high of a price.
The Golden State Warriors were also sold for $450 million, even when Forbes said they were worth $315 million.
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They should work on their auditing.
Yep, and the Nets right now are all up-side, which makes them a very intriguing investment opportunity.
It's not so much about capital assets as it is about future gains and marketability... The potential earnings for the Nets will likely never be higher than they are today...
Which is exactly the kind of thing Porkhorov seems to excel at... Turning around investments and morphing potential earnings into real money in his pocket.
That, and I can't imaging the league is going to be too thrilled about dealing with an investment group as the owner of the Nets. Can you imagine negotiating a CBA with Porkhorov off running for Pres? It won't be long before the league is pressuring him to put a face to the ownership situation in Brooklyn... And who's it going to be? Jay-Z?
Never have rice at Hanzo's house...