Pursuits
Wall Street to Circle Nets as ‘Another Picasso’ Hits NBA Market
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Wall Street will be part of “aggressive bidding” for the Brooklyn Nets, whose proximity might bring a price that eclipses the National Basketball Association record $2 billion former Microsoft Corp. Chief Executive Officer Steve Ballmer paid for the Los Angeles Clippers.
“Another Picasso is up for sale,” sports industry consultant Lee Berke, founder of LHB Sports, Entertainment and Media Inc., said in a telephone interview yesterday. “It’ll command a very high, Clippers-level price.”