By The Editors 9/28/11 11:31am

Opening Shot

New York Comes Full Circle

Big things are happening in post-Fashion Week NYC. For the first time since the late 80s, all the hot young things are flooding to Wall Street. But unfortunately for Turnbull & Asser and half of the meatpacking district’s nightlife establishment, these kids aren’t spending all-nighters snorting drugs and waiting for the markets to open to Japan. They’re occupying Wall Street. And by occupying, we mean camping out in a semi-organized fashion in the Financial District, despite the fact that the financial district is no longer in the Financial District. And we have to admit, midtown just doesn’t have the same symbolic appeal. Read More

By Drew Grant 9/26/11 1:21pm

Brooklyn Nets

Phoenix Suns v New Jersey Nets

Jay-Z Announces "Brooklyn Nets" Title, Tells Everyone To Stop Watching Knicks Games

One year from now, Jay-Z will be performing in his hometown Brooklyn. That’s the good news. The rapper’s love of basketball has led to his owning a small stake in the former New Jersey Nets, which from now on will be the Brooklyn Nets. (We would have really preferred it if owner/Russian billionaire Mikhail Prokhorov had actually named the team after his girlfriends.)

The group will find its new home at the soon-to-be-built Barclays Center on Flatbush and Atlantic Ave., as part of Bruce Ratner’s Atlantic Yards Project that’s been going so well. Jay himself announced the official name in a “brief and anticlimactic” ceremony in New Jersey today. Read More

By Tom Acitelli 9/14/11 12:10am

An Arena Grows in Brooklyn

Hmmm... do I take the pay cut?

Bounced from Brooklyn? Prokhorov's Prospective Presidential Run Poses Questions

On Sept. 2, Mikhail Prokhorov, billionaire owner of the soon-to-be-Brooklyn Nets, announced he would consider a run for the Russian presidency this winter if the political party he created, Right Cause, does well in parliamentary elections in December. (The Transom first learned of this from a friend who is a journalist in Moscow, and confirmed it with English-language reports of Mr. Prokhorov’s comments.)

So, if Mr. Prokhorov, the central-casting projection of modern muscular Russia, does, in fact, edge out his friend Vladimir Putin or Mr. Putin’s hand-picked successor, Dmitry Medvedev, what will it mean for the borough’s b-ball? Can one man be the leader of a superpower and the owner of a powerhouse at the same time? Read More

By Daniel D'Addario 3/22/11 5:35pm

Parties

Snob Hobnob: Russian Expats Talk Vertov Downtown

On Friday night, Snob magazine–the new print organ published by Nets owner Mikhail Prokhorov so exclusive it’s only available in Russian–hosted a party at the Crosby Hotel. It was a classy affair, as befits a publication owned by a billionaire industrialist. The entertainment: a screening of the Dziga Vertov’s silent film Man With a Movie Read More

By admin 7/30/10 5:23pm

Mikhail Prokhorov, Stereotype Buster

To Nets owner Mikhail Prokhorov, Brooklyn is a country—one that he says will help him make his Nets worth $1 billion in five years.

The Russian billionaire is featured on the cover of Forbes Russia’s August “Stars and Money” issue, discussing his conservative profit estimates, his passion and love for sports, and the Read More