Although the team continues to lose money--a projected $22 million this year--Bruce Ratner is still investing money in the Nets, this time buying out minor partners. Over the past several weeks, Ratner has bought out dozens of minority investors who had retained their shares following his 2004 takeover. Not all the old investors are bailing. Some, like former general partner Lewis Katz, are putting more money into the team, happy with its progress. Ratner and related entities own more than 20% of the team.
- Business group divests its stake in the N.J. Nets - John Brennan - The Record