The Nets lost $7.2 million last quarter, more than double last year's total, according to new filings by Forest City Enterprises. FCE is Bruce Ratner's corporate parent and the team's leading investor. It holds a 21 percent stake in the team but is responsible for around 31 percent of the operating losses. FCE has said it will continue to bolster team finances, expecting a large return when the team moves to Brooklyn.
- Nets post quarterly operating loss of $7.2M - John Lombardo - Sports Business Journal