Sale of NJ Nets to Russian billionaire complete

Discussion in 'Brooklyn Nets' started by truebluefan, May 13, 2010.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The sale of the New Jersey Nets to Russian billionaire Mikhail Prokhorov has been formally completed.

    The financial transaction was closed at 12:30 p.m. Wednesday, the team announced in a statement. That came a day after Mikhail Prokhorov’s purchase of the team was approved by NBA’s owners, who welcomed the first non-North American into their club.

    Russia’s richest man agreed to buy 80 percent of the Nets and 45 percent of an arena project in Brooklyn from developer Bruce Ratner late last year. Final approval of the sale was delayed until the state of New York had taken over all the land seized under eminent domain at the site of the team’s Barclays Center in Brooklyn.

    The long-delayed 18,000-seat arena should open in 2012.

    http://sports.yahoo.com/nba/news;_ylt=AgiUuoNtcfwi_UgLW5gBxba8vLYF?slug=ap-netssale
     
    truebluefan, May 13, 2010
    #1
  2. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

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    I hope he brings the same ownership charisma as Mark Cuban has for Dallas.
     
    Shapecity, May 13, 2010
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  3. NJNetz

    NJNetz BBW Banned

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    As do I. Prokhorov could be one of the best things to happen to the Nets.
     
    NJNetz, May 14, 2010
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  4. DaRizzle

    DaRizzle BLAKER

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    ...thats "ynets" now
     
    DaRizzle, May 14, 2010
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  5. Shapecity

    Shapecity S2/JBB Teamster Staff Member Administrator

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    Nice avatar DaRizzle
     
    Shapecity, May 14, 2010
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  6. DaRizzle

    DaRizzle BLAKER

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    Thrilla posted it...had to use it :lol:
     
    DaRizzle, May 14, 2010
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  7. Mr. J

    Mr. J Triple Up

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    I have a serious question: Why is this guy buying the Nets such a big deal?
     
    Mr. J, May 14, 2010
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  8. ivey

    ivey Member

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    Maybe because he's willing to spend A LOT of money on this organization. He's one of the wealthiest man in Russia, which probably makes him the richest team owner in NBA.
     
    ivey, May 16, 2010
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