Barclays Center Rumors
The transaction provides Mr. Tsai an option to acquire further shares in 2021 and, if exercised, become the controlling owner of the team. The announced share sale does not include Barclays Center, which will continue to be wholly owned by Onexim Sports and Entertainment. The NBA Board of Governors unanimously approved the transaction.
Prigioni, the former Argentinian national team point guard and 2008 bronze medalist, was at Brooklyn’s shootaround Thursday morning at Barclays Center. The 40-year-old was first spotted at Nets shootaround on February 9 and has attended all of Brooklyn’s three home games since. Prigioni is visiting and learning about all phases of basketball operations, from coaching to management, while in town with the Nets.
There are multiple suitors late in the process to buy a 49-percent stake in the struggling NBA team, along with the right to buy a larger stake and become the controlling owner in three years, sources told The Post. The sale does not include Brooklyn’s Barclays Center.
Despite a league-low payroll, the Nets lost $44.3 million last year, according to confidential league documents obtained by ESPN’s Zach Lowe. That’s the league’s second biggest loss, behind only the Pistons who lost $45.1 million. The Pistons’ losses were actually much greater. The Nets did not receive revenue-sharing money from the league and their profits from Barclays Center are not included in the analysis. The Pistons, on the other hand, lost $63.2 million before collecting revenue sharing last season, “the largest loss by a wide margin,” Lowe notes. Detroit doesn’t own its own arena, unlike the Nets.
The Brooklyn Nets will hold an open audition for a public address (PA) announcer on Tuesday, July 18 at 3 p.m. at Barclays Center. Registration begins at 2:30 p.m. at the EmblemHealth Dean Street entrance lobby. The PA announcer serves as the main voice of the Nets during all home games at Barclays Center. The role includes calling the starting lineup, game action, and other in-arena announcements.
After two years and countless complaints, Brooklyn’s Barclays Center has concluded it’s no longer worth it to host the New York Islanders. The arena, which is already home to the NBA’s Nets and one of the world’s top-grossing concert venues, would make more money without the National Hockey League team, according to people familiar with the facility’s financials.