Nets, CEO David Levy Part Ways After Two Months

Less than two months after he joined the Nets as the CEO of the franchise and the Barclays Center, David Levy and the Nets are parting ways, the team announced today in a press release. Oliver Wiesberg, the CEO of J Tsai Sports and the Nets’ alternative governor, has been named Levy’s replacement on an interim basis.

While the Nets’ announcement and a statement from Levy himself classify the move as a mutual agreement to part ways, Scott Soshnick of Bloomberg suggests in his report that the longtime Turner Broadcasting executive resigned from his new post in Brooklyn.

Levy replaced former CEO Brett Yormark in September when new owner Joe Tsai officially assumed control of the franchise from Mikhail Prokhorov. Presumably, the two sides expected the relationship to last longer than two months, so there’s likely more to the story than they’re willing to reveal at this point.

Wiesberg’s statement in the Nets’ press release may offer a hint at the circumstances surrounding Levy’s departure. That statement reads, in part: “As we enter an exciting next chapter of our organization, it’s important that ownership and management are completely aligned on our go forward plan.”

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10 thoughts on “Nets, CEO David Levy Part Ways After Two Months

  1. paladin

    Disagreement with turning over the franchise keys to a guy who believes the Earth is Flat? A Four year deal to a ”over the hill” DJ? Paying Durant 40 mill a year to rehab for two years before effective again at 33? If ever? Get out before the fallout! He had the franchise going in the right direction before Mr. Flat Earth Grumpy Pants came in…..

    • Sirsleepit

      The CEO doesn’t really have anything to do with player management. I think the acronym you may be thinking of is ‘GM.’

      • paladin

        The CEO runs the organization! That’s what I’m thinking of. Nice try though! I think you’re over thinking it…..

        • Hawthorne Wingo

          Actually, he was right. Levy had absolutely nothing to do with the basketball side of the business.

          • paladin

            He is in charge. The CEO puts the ”yes” on the deal. Whether he wants to or not sometimes. If he is made to do something by the ownership. He leaves…The way business was being done was not to his liking and he was supposedly in charge….So he left….You’re over thinking it too….You’re too concerned with titles and not seeing the overall responsibilities side which is what I was aiming at before your misinterpretation…But thanks again….

  2. x%sure

    It wasn’t enough of a job for David Levy, even normally. With BRK, most decisions were basically made like dominoes after Irving signed. Everything was already in process.

  3. Baileyg3rd

    As a Boston Celtics fan, I believe we all know the answer to this one. The Big elephant in the room is getting a little bit more attention every day ☘️

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