Forest City Enterprises, parent company of Bruce Ratner's development firm, has agreed to lend the Nets $13 million to cover operating losses. FCE owns 21% of the Nets and is the team's largest shareholder. The loan agreement is buried in its annual report. The report admits losses will continue while the team is in New Jersey and there's "no assurance that it will be profitable" in Brooklyn. And the Nets are opening a virtual Barclays Center in midtown to show fans what the arena will look like.
- Nets Loan Figures in Annual Report - Net Income - NetsDaily Blog
- The first glimpses of the inside of the New Jersey Nets Barclays Center in Brooklyn will be available this fall - Valerie Block - Crain's New York Business (Subscription)