clock menu more-arrow no yes

Filed under:

Nets Keep Losing Value...and Fans, Reports Forbes

New, comments

Forbes annual report on the business of basketball confirms what we already know about the Nets' franchise: it's bad. Forbes reports that the team's value has shrunk to $269 million, $31 million less than what Bruce Ratner paid for it and 9% less than last year. The team's debt is equal to 77% of the franchise value, more than any other team. Nets fans? They rank 29th, just ahead of the Bobcats.