John Abbamondi’s term as CEO of the Nets and BSE Global, Joe Tsai’s holding company, is ending. He said he’d stay on through the end of the season and as we know, it’s over. CNBC hinted two days ago that Tsai already identified a candidate to replace Abbamondi, suggesting a transition may be imminent.
On Sunday, the New York Post’s Brian Lewis and Josh Kosman detail the enormity of the challenge the new CEO — whoever he or she is — will face once they move into the corner office at 168 39th Street in Sunset Park. The organization is bleeding money, Lewis and Kosman report, at a league-high rate.