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.”