165:, which had been in financial difficulty. Taub, for a time, served as the principal owner and president of the team, and sold his ownership stake in 1985. In 1991, he re-joined the team’s ownership, taking a prominent public role until selling the majority of his stake in 1998.
221:. He and Cohen eventually put together a consortium of nine investors to acquire the Nets, which under their then-owner, Roy Boe, were financially troubled. The team had amassed debts of $ 19 million and had lost a judgment of $ 4.2 million to
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Taub retired in 1969 at the age of 40 to pursue his philanthropic interests. Over the years, he established scholarships for underprivileged youths, funded a museum of
Paterson’s history and founded a youth basketball league with former
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In 1985, Taub sold his interest in the team, citing frustration with the inability to turn a sports franchise around the way one could a business. He stayed away only six years before repurchasing an interest in the team in 1991.
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to help manage the company’s operations and sales. In 1961, the trio took the company public with an initial offering on 100,000 shares priced at $ 3.00 each.
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Taub, who had a longstanding interest in sports, partnered with attorney Alan Cohen, to invest in a franchise. In 1970, the pair bid unsuccessfully for the
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as coach. Brown led the team to a 91–67 record in two seasons with the Nets. In 1983, after discovering that Brown interviewed at the
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Joseph’s older brother, Henry, founded ADP in 1949. Henry later brought Joe into the company along with future United States
Senator
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251:, Joe attempted to lure Pitino to the Nets with a reported offer worth $ 30 million. Pitino spurned the team to stay at the
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In 1996, Taub emerged as an influential voice for the team when his brother Henry took over the club. A friend of coach
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142:(May 29, 1929 – October 27, 2017) was an American businessman, philanthropist and sports owner. Born in
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300:"Joe Taub, Basketball Fan Who Became Part Owner of the Nets, Dies at 88"
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In 1978, Taub was part of an investment group that acquired the
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for $ 150 million. Taub retained a small interest in the team.
408:"Lewis Katz's Vision for the New Jersey Nets Went Unrealized"
376:"A quarter-century later, Brown still part of Nets lore"
390:"Pitino Turns Down the Nets to Stay in the Bluegrass"
236:without asking for permission, Taub fired Brown at
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467:Eastside High School (Paterson, New Jersey) alumni
209:, a Paterson native and fellow East Side alumnus.
358:"Cohen Group Reaches Agreement to Purchase Nets"
16:American businessman, philanthropist (1929–2017)
269:Taub died October 27, 2017, at the age of 88.
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447:American people of Polish-Jewish descent
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482:Sportspeople from Paterson, New Jersey
457:American racehorse owners and breeders
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442:20th-century American businesspeople
258:The Nets ownership sold the team to
240:with six games left in the season.
253:Kentucky Wildcats men's basketball
173:Taub was born on May 29, 1929, in
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154:in building the payroll company
462:Businesspeople from New Jersey
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378:. Star-Ledger. April 7, 2008.
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238:Newark International Airport
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338:Lautenberg, Frank (1999).
477:Rutgers University alumni
156:Automatic Data Processing
228:In 1981, the Nets hired
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472:New Jersey Nets owners
452:American sports owners
340:"TRIBUTE TO JOE TAUB"
203:Major League Baseball
344:Congressional Record
234:University of Kansas
181:. He later attended
179:Eastside High School
175:Paterson, New Jersey
144:Paterson, New Jersey
49:Paterson, New Jersey
306:. November 5, 2017.
183:Rutgers University
140:Joseph Albert Taub
84:Rutgers University
35:Joseph Albert Taub
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364:. July 27, 1978.
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195:Frank Lautenberg
152:Frank Lautenberg
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103:sports owner
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45:May 29, 1929
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437:2017 deaths
432:1929 births
249:Rick Pitino
230:Larry Brown
223:Cablevision
97:Businessman
91:Occupations
426:Categories
273:References
260:Lewis Katz
207:Larry Doby
148:Henry Taub
86:(attended)
41:1929-05-29
169:Biography
205:player,
130:Children
72:New York
25:Joe Taub
122:Spouse
74:, U.S.
51:, U.S.
325:2017
262:and
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57:Died
31:Born
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