IFWT_B nets 1

I wonder who will pick this up???  Yes, 20% stake of the Brooklyn Nets is on the market.  Too bad I’m broke like a joke.  ¯\_(ツ)_/¯
Hit the jump for details…



Via SportsBusinessDaily:

The value of sports teams continues to skyrocket.

While a billion-dollar figure speculatively swirls around a possible Los Angeles Clippers sale, an investment bank is now in the market with a $1 billion valuation on the Brooklyn Nets.

Forest City Enterprises, the real estate developer that controls 20 percent of the Nets, is shopping its stake in the franchise and has valued the team at the $1 billion figure.

That mark is far and away the highest price ever set for an NBA team and comes amid rapidly escalating expectations for what basketball clubs are worth.