No Land Grab (Free subscription) | yesterday
... Ratner, the Nets' principal owner, recently sold 80 percent of the team to Russian billionaire Mikhail Prokhorov. Prokhorov, I am told, plans to auction off all the team's assets and convert the arena into in-laws' quarters. If he keeps the team intact, he might want to think about an “82 Is Enough” promotion. Examiner.com , Frank shouldn't take the fall for Nets'...
The FanHouse - NBA (Free subscription) | yesterday
by Tom Ziller Filed under: Nets Bruce Ratner won't own the Nets much longer, as Russian billionaire Mikhail Prokhorov is set to take the reins soon . But Ratner's long-held dream -- to move the Nets to Brooklyn, as a cornerpiece of his massive Atlantic Yards development -- looks to become a reality within a few years, as the New York Court of Appeals today dismissed what is seen as the...
You Been Blinded (Free subscription) | 11/22/2009
When Russian billionaire Mikhail Prokhorov bought the New Jersey Nets he probably bragged to his Russian billionaire homies about owning a franchise in America’s prestigious NBA. He told them how he was gonna hang out with Jay-Z, build a new stadium in Brooklyn, and land LeBron James in next summer’s free agent race. His enthusiasm [...]
CBS SportsLine.com (Free subscription) | yesterday
... NBA's Nets. A key element in his plan is selling majority team ownership to Russian entrepreneur Mikhail Prokhorov. In a prepared statement, Ratner said construction will continue, with the intent that the Nets will play ball there in the 2011-12 season. "Once again the courts have made it clear that this project represents a significant public benefit for the people of Brooklyn and...
CBS SportsLine.com (Free subscription) | yesterday
... NBA's Nets. A key element in his plan is selling majority team ownership to Russian entrepreneur Mikhail Prokhorov. In a prepared statement, Ratner said construction will continue, with the intent that the Nets will play ball there in the 2011-12 season. "Once again the courts have made it clear that this project represents a significant public benefit for the people of Brooklyn and...
Fox News (Free subscription) | yesterday
... NBA's Nets. A key element in his plan is selling majority team ownership to Russian entrepreneur Mikhail Prokhorov.In a prepared statement, Ratner said construction will continue, with the intent that the Nets will play ball there in the 2011-2012 season."Once again the courts have made it clear that this project represents a significant public benefit for the people of Brooklyn and...
Sify (Free subscription) | yesterday
... NBA's Nets. A key element in his plan is selling majority team ownership to Russian entrepreneur Mikhail Prokhorov.In a prepared statement, Ratner said construction will continue, with the intent that the Nets will play ball there in the 2011-2012 season."Once again the courts have made it clear that this project represents a significant public benefit for the people of Brooklyn and...
kansascity.com (Free subscription) | yesterday
... NBA's Nets. A key element in his plan is selling majority team ownership to Russian entrepreneur Mikhail Prokhorov.
In a prepared statement, Ratner said construction will continue, with the intent that the Nets will play ball there in the 2011-2012 season.
"Once again the courts have made it clear that this project represents a significant public benefit for the people...
No Land Grab (Free subscription) | 11/21/2009
... to do it. Earlier this year, he even sold 80 percent of the team to Russia’s wealthiest man, Mikhail Prokhorov. It remains to be seen whether Ratner will get shovels in the ground before Dec. 31, his last chance to qualify for tax-exempt bonds to fund the project. If he misses that deadline, the project could be dead. link
No Land Grab (Free subscription) | 11/20/2009
... season or two before a potential move to Brooklyn. Host Andrew Meyer noted that expected new owner Mikhail Prokhorov has been reported (secondhand) as being open to buying the team at a reduced price and keeping the team in Newark. "Nets management still says the [permanent] Jersey option is moot," said Meyer. "What's the reality now?" "The reality is we're...
Atlantic Yards Report (Free subscription) | 11/20/2009
... season or two before a potential move to Brooklyn.Host Andrew Meyer noted that expected new owner Mikhail Prokhorov has been () as being open to buying the team at a reduced price and keeping the team in Newark. "Nets management still says the [permanent] Jersey option is moot," said Meyer. "What's the reality now?""The reality is we're in a powerful negotiation right now that [outgoing...
Luxist (Free subscription) | 11/18/2009
... kitchen and pool house are other features. As we noted back in February, Russia's richest man Mikhail Prokhorov had reportedly agreed to purchase the Villa for $750 million but later backed out of the deal, forfeiting a $55 million deposit. In May we reported that the recession had caused the estate's value to plunge significantly. Owner Lilly Safra did not re-list the property right...
