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Stern: Nets To Make Big Profit

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David Stern, speaking at the Bloomberg Sports Business Summit hosted by Bloomberg Link Thursday, said the Nets’ revenue should improve from "pretty bad" during their last season in Newark to one of the league’s "top five or six."

According to Stern, "The Nets have these wonderful tent-pole sponsorships, they’re doing spectacularly in their season-ticket sales and they have retained a team that, in reading about it, looks like they’re going to compete." The Post recentl reported the Nets could make as much as $15 million their first year in Brooklyn after years of losing $30 million or more in New Jersey.