Who was the first owner of the Brooklyn Nets?
Brooklyn Nets
Arthur J. Brown
The original owner of the Nets franchise was trucking magnate Arthur J. Brown, who was the founder of the American Basketball Association team that was then known as the New Jersey Americans in 1967. The next year, Brown renamed the franchise to the New York Nets following a move to Long Island, and sold the team for $1.1 million to entrepreneur Roy Boe.[36] Due to financial losses suffered while the team was in Long Island, Boe moved the team back to New Jersey in 1977 and sold the team a year later to a group of seven local businessmen led by Alan N. Cohen and Joseph Taub, who became known as the "Secaucus Seven".[37]