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Forbes: Heat Owner Arison Lost $1.3 Billion

Micky Arison

First Posted: 01/06/12 12:52 PM ET Updated: 01/06/12 01:00 PM ET

Last month Miami Heat owner Micky Arison cast a protest vote against the NBA's new collective bargaining agreement because he felt it was a bad financial deal for his team. Even though Arison is one of the NBA's wealthiest owners, he's regularly maintained that his basketball business should still be run like a business.

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Filed by Janie Campbell  |