Yormark Denies Team is for Sale

Brett Yormark was on the FOX Business Network on Tuesday to talk about logos on practice jerseys, and when asked about a potential sale of the Nets, he denied that Bruce Ratner is actively seeking to sell the team. "We're not open for business and for sale," Yorkmark said after searching for the right words. He instead chose to phrase a potential purchase as investors looking to buy in. "We get a lot of inquires, especially now that we're moving to Brooklyn. They see the asset value of the Nets."
- Brett Yormark Interview (Video) - FOX Business Network
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- Nets CEO Yormark predicts financing wrapped up in 45 days, arena in "11-12 season" - Norman Oder - Atlantic Yards Report
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Comments
In polite circles, this is called spin. Sports Illustrated, ESPN, the Star Ledger and NetsDaily have all reported the team is for sale…and their sources are not the same.
by Net Income on Sep 8, 2009 2:50 PM EDT reply actions
nor am i actively seeking conjugal relations with members of opposite gender. however, if any sees my value and is interested in my buy in, then i’m open for business.
by JohnY on Sep 8, 2009 3:11 PM EDT reply actions
While Yormark is clearly a smart guy the spin he gives really makes him look bad. To say that after trading VC as a salary dump he is optimistic about this season and thinking Lee will be a “superstar” he just sounds silly. Why were the Nets the first to get a sponsor is cuz Yormark is a great salesman and the team is broke. I believe in a short time there will be so many sponsors on that jersey you won’t be able to tell what team its for. As far as the sale of the team, I guess everything is negotiable so it could be sold as part or whole. Ratner wants his project not the team.
by libigman on Sep 8, 2009 3:16 PM EDT reply actions
Everybody assumes that new owners would make everything O.K. in Netsland. Of course, there is no guarantee of this. Sometimes the devil you know is better then the devil you don’t. If the Nets don’t attempt to sign or trade for a quality player that is available to them and is a obvious “no brainer”, because of money, then I would be concerned. Otherwise who really cares about business men like Ratner and Yormark.
by Mike on Sep 8, 2009 3:20 PM EDT reply actions
Translation: We’d sell the team in a second if we found a buyer stupid enough to make a long term commitment to be a tenant at the new arena and loose money year after year. But any smart buyer wants either the team plus the arena, or the right to move the team as they please. So…not for sale.
by John at the Jersey Shore on Sep 8, 2009 3:45 PM EDT reply actions
If Yomark is such a great salesman then why aren’t we buying his BS?
by Nets in 2010 on Sep 8, 2009 4:02 PM EDT reply actions
hey look, i’m not complaining. he comfirmed everything i personally researched about brookln. after this court case is settled in october, nets are finally coming back 2 new york. it doesnt matter what he’s calling it, whether or not the team is for sell or if it isnt. the poitn is, there people interested, money is going to be coming in and brooklyn has never been closer to happening then it is now.
by The Black Prince on Sep 8, 2009 4:07 PM EDT reply actions
i hate yormark so much that i didn’t even bother watching the video.
by njd on Sep 8, 2009 4:23 PM EDT reply actions
@Black Prince
There’s no blueprint or design for any arena, they haven’t broken ground, they’re reportedly up for sale and they’re bleeding money. I’d say that they’re further than they’ve ever been from getting this project done. The only thing they’re closer to is a deadline that was expected to have been met in 2006.
by NJ4Life on Sep 8, 2009 4:31 PM EDT reply actions
After Ratner, Yormark is clearly the worst thing to ever happen to this team (outside of Drazen’s tragic death)
by Isaac on Sep 8, 2009 4:41 PM EDT reply actions
I wonder if Yormark denies the fact that he sold his soul or even his brain when he became a yesman for Ratner.
by Tal Barzilai on Sep 8, 2009 4:41 PM EDT reply actions
Yormarck is covered since he now has those reversible press releases! Simply flip it over when the team actuall IS for sale!
He also has a reversible resume for when he gets fired by the new owners. Oh wait- we’re not for sale. Silly me..
by Fat Tony Little on Sep 8, 2009 4:57 PM EDT reply actions
@ Fat Tony… like the reversable reference.. Funny. To bad we can’t reverse ownership…
by NetRick on Sep 8, 2009 5:14 PM EDT reply actions
More breaking News:
“Brett Yormark denies he’s a duplicitous dillhole”
by JRoNZ on Sep 8, 2009 5:24 PM EDT reply actions
an admission that the team is for sale would complicate a number of delicate negotiations the team is currently involved in.
There is always the distinct possibility that Ratner can’t sell the team…and he keeps it…or to be more precise, the current group keeps it, including Viola. If he wins at the Court of Appeals (and if he doesn’t, it will be a huge surprise), then he will have a better to play with in dealing with all sides. If he loses at the Court of Appeals and Brooklyn dies, expect a horrible death rattle ending with a sale to someone with a lot of cash who lives out of state. And NO ONE but the fans will care.
by Net Income on Sep 8, 2009 5:26 PM EDT reply actions
I like to read body language and the first thting I noticed is that when asked about the team being up for sale thats really the only time during the interview where he began to stutter.
by NetsBall4Real on Sep 8, 2009 5:32 PM EDT reply actions
http://finance.yahoo.com/news/Forest-City-Reports-Fiscal-prnews-2674826137.html?x=0&.v=1
latest FCE financials have been released, and you guessed it, more losses stemming from the Nets
if you scroll down far enough, you will see mentioned that the Barclays center ground breaking is still planned for this year
by Ispartan on Sep 8, 2009 5:47 PM EDT reply actions
@ NI:
If by someone out of state you mean Charles Wang, I can live with that.
by BrooklynJohnny on Sep 8, 2009 5:48 PM EDT reply actions
Net Income, is it possible to change the picture for Yormark related stories to a simple smiley face or something? Just seeing his face makes me angry… then I have to read the article, which is never good news. my doctor would thank you… high blood pressure is no good…
by jb on Sep 8, 2009 8:25 PM EDT reply actions
forget next summer everyone
this is the summer we’re all waiting for….
where the heck will this team be playing… will it be in Newark, Brooklyn, Saudi Arabia, Seattle ??
stay tuned…. for the next 90 days….
by blazin pp face on Sep 8, 2009 10:18 PM EDT reply actions
“if you scroll down far enough, you will see mentioned that the Barclays center ground breaking is still planned for this year”
Impossible
by brokeland on Sep 8, 2009 11:18 PM EDT reply actions
This guy is so full of crap, not just about this, but about everything. He is a high priced/high profile used car salesman. At least when Thorn or KIKI get interviewed, they seem to tell the truth. This guy? NEVER!
by Paul Erstein on Sep 9, 2009 3:57 AM EDT reply actions
@Ispartan
I can’t resist the reference using your name:
“This is madness!”
“THIS. IS. YORMARCK!”
by Fat Tony Little on Sep 9, 2009 8:54 AM EDT reply actions
Ok I misspelled his name, but the extra C stands for common cents. Because he sure isn’t going to make any dollars with this current fiasco.
by Fat Tony Little on Sep 9, 2009 8:57 AM EDT reply actions
Ratner wants to find an investor (read: imbecile) who will buy his trainwreck of a team to a: rebuild the team and b: indefinitely pay rent to the new arena if and when it ever gets completed.
If I were Ratner – I’d start buying lottery tickets. The odds are better.
by halwas on Sep 9, 2009 11:01 AM EDT reply actions
We spend alot of time in our lives worrying about things that will never or could never happen. Why worry, be happy.
by Mike on Sep 9, 2009 11:25 AM EDT reply actions
It is refreshing to see that so many of us are finally on the same page on this NEW JERSEY Nets fan board.
by Isaac on Sep 9, 2009 12:14 PM EDT reply actions

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