Bruce Ratner has another year to raise $324 million. Read More
One consequence of the Yankees having a vastly higher payroll than any team in the league is that every time they lose—as they did last night—everyone trots out the paychecks for the day’s scapegoat. So the Daily News can’t help but remind us, in the first paragraph, that A. J. Burnett “didn’t look Read More
Sounds like the Nets might be moving to Newark while they wait out the delayed Atlantic Yards project.
At a preseason game in Newark last night, several team officials said the Nets will leave the Izod Center next year if they can get out of their lease at the Meadowlands, according to the Read More
Senate Democratic leader John Sampson, and Assemblymen Hakeem Jeffries and Nick Perry apparently want a meeting with Bruce Ratner and Mikhail Prokhorov.
The three Brooklyn elected officials have penned a letter–dated Monday–to Mr. Prokhorov, the Russian billionaire who has agreed to buy the Nets from Mr. Ratner, the developer rapidly trying to get $4.9 billion Read More
When Bruce Ratner was looking for someone to buy the Nets and help fund Atlantic Yards, he turned to–where else–Goldman Sachs. And Goldman found Russian billionaire Mikhail Prokhorov, because he “was in the newspapers, he was someone who was interested in buying a team,” Mr. Ratner explained to Eliot Brown on their hard hat Read More
By Bruce Ratner’s telling, his deal to sell the Nets to Mikhail Prokhorov began in earnest this summer over dinner at the Russian billionaire’s home.
Mr. Ratner, on a tour Wednesday of his Frank Gehry-designed Beekman apartment tower under construction in Lower Manhattan, shared a few details about the recently announced deal, which is key Read More
No one seems to be feeling especially good about Atlantic Yards today.
The Post notes that voluble Brooklyn B.P. Marty Markowitz, a long-time backer of the project, has been strangely silent since the announcement that Russian billionaire Mikhail Prokhorov is buying the team and investing in the 22-acre development.
“It’s a combination of Read More
In Russia, legislators are already reacting, badly, to yesterday’s announcement that the country’s richest man, billionaire Mikhail Prokhorov, is buying a controlling share of the New Jersey Nets–a move that would also help fund the Atlantic Yards development project.
“I can’t consider this action as anything other than unpatriotic,” said Aslambek Read More
“Sale Should Lift the Nets Restraint$”– there are five S’s in that headline and only one gets the dollar treatment. We can do better than that.
In any case, Fred Kerber is excited about the Russian tycoon Mikhail Prokhorov buying a majority share in the Nets. He calls Mr. Prokhorov “a lifeline,” Read More
The Russians are coming! To Brooklyn.
The investment fund Onexim, headed by Russian billionaire Mikhail Prokhorov, has agreed to a $200 million deal in which it will take a major stake in the NBA’s Nets franchise and its new arena planned for Brooklyn, part of the larger $4.9 billion Atlantic Yards project. Read More