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.
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.
An Arena Grows in Brooklyn
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?
An Arena Grows in Brooklyn
Bruce Ratner went on Bloomberg yesterday to discuss the state of the local economy and progress at Atlantic Yards. During the interview, he said he expects to break ground on the first apartment tower at the site by December or January.
That is pushing Ratner’s promise made last fall to have the tower Read More
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
Last Wednesday afternoon, James Dolan rose from his stool on a makeshift stage in the bowels of Madison Square Garden and shuffled to the podium to introduce Carmelo Anthony, the unstoppable small forward for whom the Knicks had just dealt half of their starting lineup to anoint as the team’s latest savior.
“While we have Read More
Billionaire Boys Club
On Oct. 28, Mikhail Prokhorov, the billionaire owner of the New Jersey Nets, threw a lavish launch party in Chelsea to celebrate the arrival of Snob magazine in New York. The event was complete with foie gras and a performance by jazz songstress Cassandra Wilson. Some have criticized Prokhorov for bringing a Russian-language Read More
ROUND 'EM UP
- The Nets get a sponsorship deal from Stoli. We want the new Nets arena to sell blintzes and borscht.
- GOP ladies are hotter than Dem ladies. But wait…what about hot hot hottie Kirsten Gillibrand?
- When did animated GIFs become cool? Hipsters…what’ll they think of next?
- While Read More
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
In a story called “Painting the Town Red,” the New York Post has caught on to the Russian money that has infiltrated the city:
“Welcome to the New Russian Wave. According to night-life insiders, a surge of rich Muscovites has arrived in New York City, and they’re taking over where the beleaguered Read More