Brett Yormark, who husbanded the Nets move from New Jersey to Brooklyn and created the now sprawling Brooklyn Sports and Entertainment Group, is resigning as CEO of both the Nets and BSE, according to multiple league sources.
Yormark is expected to announce his departure to his staff Friday morning, ending 14 years with the franchise. The 52-year-old joined the New Jersey Nets as CEO in 2005 after eight years at NASCAR. Yormark had had two stints in marketing roles with the Nets earlier in his career.
Scott Soshnick of Bloomberg news reports that Yormark will stay on until the sale of the Nets to Tsai is completed.