Brett Yormark Rumors
Liz Mullen: Roc Nation announced it has named Brett Yormark, as co-CEO of Roc Nation Unified and President of Business Operations & Strategy. Brett’s brother, Michael Yormark, will also serve as co-CEO of Roc Nation Unified. pic.twitter.com/QQNIdcOfKK
What’s your next move? Brett Yormark: I’m not going to announce it yet. I knew there was going to be an end to one chapter and the beginning of another. Ownership effectively told me last spring that (selling the majority share to Joe Tsai) was something they were contemplating. I extended my deal through December to provide oversight of the transaction. There was always a plan to leave with ownership. I’ve become very close to Mikhail Prokhorov and (board chairman) Dmitry Razumov. It would have been very tough for me to leave the company, knowing that ownership was going to stay on board. My goal is to announce where I’m heading in mid-September, assuming everything works out. I’m going to stay in sports and entertainment and look forward to build something and create value. It’s no different than what I did at NASCAR and BSE.
Brian Lewis: David Levy being a top candidate to replace Brett Yormark as #Nets CEO shouldn’t be surprising. The former Turner Broadcasting president has been on the BSE Advisory Board since its formation by Yormark over three years ago. There’s familiarity and corporate knowledge there. #NBA
Adrian Wojnarowski: Former Turner Sports executive David Levy has emerged as a serious candidate to replace Brett Yormark as CEO of the Brooklyn Nets, league sources tell ESPN.
Brett Yormark, the top executive behind the Brooklyn Nets and Barclays Center arena, is stepping down ahead of an impending ownership change at the basketball team, according to a person familiar with the matter.
Yormark will announce on Friday morning that he’s resigning as chief executive officer of BSE Global, the Nets’ parent company, said the person, who asked not to be identified because the decision hasn’t been made public yet. His departure comes as Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai prepares to assume control of the Nets and Barclays Center from Russian billionaire Mikhail Prokhorov.