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Home > Company Index > Leisure > Professional Sports Teams & Organizations > New Jersey Nets

New Jersey Nets
 NEWS FROM THE STANDARD
N.Y. Yankees, Manchester United Team Up
Feb 07 2001 03:58 PM PST

 PROFILE
This basketball team has been getting slam dunked for years. The New Jersey Nets basketball franchise has posted just three winning seasons in the past decade and has never won an NBA championship. Arthur Brown started the team in 1967 as the New Jersey Americans, a charter member of the American Basketball Association (ABA). It moved across the Hudson River the next year to become the New York Nets and won two ABA championships with Julius "Dr. J" Erving before joining the NBA (and losing Erving) in 1976. The Nets moved back to the Garden State that year. Now owned by YankeeNets (formed in 1999) but controlled by co-chairman Lewis Katz, the team is building a new $355 million arena in Newark, New Jersey.

 COMPETITION
The Heat Group (dossier)
New York Knickerbockers (dossier)
Philadelphia 76ers (dossier)

 FINANCIAL OVERVIEW
1998 Sales (mil.): 65.50
1-Yr. Sales Growth: 12.9%
Employees: 100
Revenue per employee: $655,000.00

 KEY PEOPLE
• Finn Wentworth
    CEO
• Jeff Alkhas
    CFO

 CONTACT INFO
390 Murray Hill Pkwy.
East Rutherford, NJ 07073
US
Phone: 201-935-8888
Fax: 201-939-7812
Online: Web Site

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