Quote:
Originally Posted by Beatle17
Jay-Z, haha. He owned 1/15 of 1 percent of the Nets (Forbes magazine) which he had purchased for $1M dollars. Sorry for this, he is a rich guy but his influence on the sporting world is just above zero. He does have money, about half of what Charles Wang has.
Charles Wang was a kooky and cheap owner but he put a ton of money overall into the Islanders team and tried everything to keep them in Nassau. He tried all sorts of development ideas to build a new arena, including no government financing, but couldn't get any support from the county. He knew nothing about running an NHL team but don't confuse that with how much he tried.
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The Nets were worth $1.5B??