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Nets Parent Company Recommits to Barclays Center Despite Economy

The Nets principal owner is Bruce Ratner but the man with the purse strings is his cousin, Charles, CEO of Forest City Enterprises. FCE owns the biggest chunk of the Nets with 23% and more importantly has been funding the Nets annual losses for five years. The other Ratner Wednesday insisted that the company remains commited to Brooklyn and the Nets in spite of the economy.