Prokhorov has already agreed to invest $200 million to secure 80% of the team, 45% of Barclays Center and an option to purchase 20% of the overall Brooklyn project, the $5 billion Atlantic Yards. He also agreed to assume 80% of the team’s debt, approximately $175 million, and eat $60 million of the Nets’ operating losses while they remain in New Jersey.
Saved the franchise and Bruce Ratner's dream. Without him there'd be no move to Brooklyn.
Mikhail Prokhorov may get NBA Board of Governors approval soon, but he can’t take ownership until conditions are met on the ground in Brooklyn. That means no change until after the trade deadline and maybe until after the season. The Record reports that under terms of his agreement, the deal closes when everything is cleared from the Atlantic Yards site in Brooklyn and that could be April.
Son of a I was looking forward to just getting this part over with. Lock Prokhorov in so nothing could possibly go wrong. I know the chances of him not being our owner are as slim as slim could be but...we're the Nets. I'm holding my breath.
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I was looking forward to just getting this part over with. Lock Prokhorov in so nothing could possibly go wrong. I know the chances of him not being our owner are as slim as slim could be but...we're the Nets. I'm holding my breath.
