By Joseph Steinberg, an EO New York member and CEO of SecureMySocial
How two brothers made $800 Million as basketball team owners – without actually owning a team.
One of two brothers who signed what is likely the greatest deal in sports history — earning the two of them and their attorney $800-Million as team owners without their having to pay a player or build and operate an arena — died this past week, with relatively few people outside the industry recognizing his name. But, when you hear what he achieved, you will quickly realize the importance of knowing — and learning from — his story.
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