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Newark Star Ledger:Nets sale

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11-11-2003, 10:23 AM
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CREW99AW
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Newark Star Ledger:Nets sale

Newark Star Ledger says infighting among the YankeeNet ownership group may halt the sale of the team,until a later date.

Newark Star Ledger also reported:

Executives with YankeeNets said Wang had cleared his financial representatives to bid as high as $285 million.

Chris Botta, a spokesman for Wang, declined to comment on the offer.

However, Wang's previous offers of roughly $250 million included little financing, giving him a clear advantage in his ability close the deal.

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11-11-2003, 01:43 PM
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Good thing Wang is saving $1.6 mil on Weimer's contract so he could put that towards the $285 mil for the Nets. Sarcasm off.

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