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13.10.15 2301
The W - Basketball - Wanna own a piece of the Nets?
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Lap cheong

Since: 2.1.02
From: Worcester MA

Since last post: 34 days
Last activity: 6 days
#1 Posted on | Instant Rating: 3.04
InsideHoops.Com is apparently serious about putting in a bid to buy the New Jersey Nets franchise, and is offering their visitors a chance to own a stake in the team as well (of course, you need to have at least ten thousand bucks readily available) ...

" is interested in helping to organize a purchase of
the New Jersey Nets and has now spoken to two large potential investors to discuss
the possibilities. In addition, is inviting fans to buy in and
own a sliver of the team
. Whether you or your company can spare as little
as $10,000 or millions, contact us. Imagine an NBA
team owned by hundreds or thousands of caring people interested in a profit who
also love basketball, with a fairly elected board of directors led by experienced
majority investors calling the shots. That's our goal - professional ownership
with caring fans as co-owners. Spread the word. Time is short. After five days
of calling attention to this, visitors have pledged around $600,000
and like the idea of owning a sliver of the team."

Not really sure how feasible this whole venture is, but I give 'em props for trying ...

(edited by Alessandro on 22.9.03 1506)

Alessandro "Hercules" Boondy

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Since: 11.7.02
From: MD

Since last post: 1625 days
Last activity: 79 days
#2 Posted on | Instant Rating: 7.29
Somehow, a team owned by 12,000 people seems like a catastrophe outside of a stock-type atmosphere...

Lap cheong

Since: 10.8.02
From: Queen's University, Canada

Since last post: 3733 days
Last activity: 3642 days
#3 Posted on | Instant Rating: 4.09
This has 'scam' written all over it. No way the NBA approves a few thousand people on a website as an ownership group.
Lap cheong

Since: 2.1.02
From: Worcester MA

Since last post: 34 days
Last activity: 6 days
#4 Posted on | Instant Rating: 3.04
Gettin' some mainstream exposure as well ...

Only $299,830,000 to go

Want to own your own pro sports franchise? Want to fire Byron Scott or trade Kenyon Martin?

Now's your chance.

Jeff Lenchiner, editor of, a popular Web site devoted to NBA news and rumors, is proposing that his readers and purchase the New Jersey Nets.

He's serious.

On his site, Lenchiner asks anybody who can afford $10,000 or more to contact him about purchasing a piece of the team. He estimates it will cost about $300 million to make a deal.

On the first day Lenchiner posted his proposal on-line, he had pledges for $170,000.

Alessandro "Hercules" Boondy

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I think it works out for both ball clubs as Portland needs the defensive clog while the Clips get a couple of people who could help the organization (then again, I don't know of anything that can help the Clips at this point).
Related threads: Nets=Title Contenders? - Source sez: Kidd stays in NJ - who will then sign Alonzo Mourning. - Kidd to Nets: Banish Byron - More...
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