Since the founding, the two ownership groups had clashed over team management, players' contract, purchasing the Devils and YES Network. Additionally, Steinbrenner would not subsidize the loss from the Devils. On December 8, 2003, the two sides agreed to split with the Nets owners selling the Nets and giving up their part of the Yankees. The Nets sale did not include the team's stake in the YES Network, which remained with the pre-merger owners. After a reverse stock swap in 2004, the Nets were sold to Brooklyn Basketball LLC, which was controlled by Bruce Ratner, and 38% of Puck Holdings was sold to an entity controlled by Lewis Katz and Ray Chambers.