Friday, September 18th, 2009 at 9:00 am | 22 responses
Russian Billionaire Wants to Buy the Nets
From Russia, with boatloads of money: “The developer Bruce C. Ratner, who received final state approval Thursday to build an $800 million arena in Brooklyn for the Nets, is inching closer to selling a majority stake in the team to a Russian billionaire, according to two executives briefed on the negotiations … The executives said that Mikhail Prokhorov, one of the richest men in Russia and an avid sports fan, is the leading contender to buy a majority stake in the team and in the planned arena at the intersection of Atlantic and Flatbush Avenues.”

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