Former Turner president David Levy has stepped down from his roles as Brooklyn Nets and Barclays Center chief executive after just 55 days in charge.
Oliver Weisberg, the CEO of J Tsai Sports, the sports investment and holding vehicle controlled by Nets owner Joe Tsai, has been named interim CEO of the National Basketball Association team after Levy and the Nets “mutually agreed to part ways”.
Levy was hired by the Nets on September 18, the same day that Alibaba billionaire Tsai completed his $2.35bn purchase of the franchise and the Barclays Center. Levy also served as president of J Tsai Sports and joined Tsai’s family office as a venture partner overseeing the company’s global sports, media, and entertainment investments.
It is unclear why Levy, who spent 33 years at US broadcaster Turner, rising to the role as president in 2013, has left the Nets. But a source told The New York Post: “After a while it just became apparent it wasn’t the right fit, so that was pretty much it.”
“David Levy is a respected media executive and a friend. Truly appreciate his efforts in the past few months,” Tsai tweeted. “I wish him well in his next endeavors.”
“I want to thank David for his collaboration over the past several months and wish him well in his future endeavors,” Weisberg said in a statement. “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. We are proud of the culture of the Brooklyn Nets under the leadership of General Manager Sean Marks and Head Coach Kenny Atkinson, and we look forward to continue bringing the best experience to our fans.”
Despite Levy’s sudden departure, the Nets are a team on the rise. They are already cashing in on the recent free-agency signings of NBA superstars Kevin Durant and Kyrie Irving, with significant increases in ticket sales, merchandise sales, internet traffic, and social-media engagement.
Further reading: How the NBA’s Nets leaned into Brooklyn