Discussion

Prokhorov has deal to buy Nets

Updated: September 24, 2009, 3:39 PM ET
Associated Press

EAST RUTHERFORD, N.J. -- Could the New Jersey Nets become the Nyets?

The basketball team once known as the New Jersey Americans is a step closer to being owned by Russia's richest man, Mikhail Prokhorov, who on Wednesday said he has a deal to buy 80 percent of the NBA team and nearly half of a project to build a new arena in Brooklyn.

The proposed blockbuster deal would give the Nets' current principal owner, Bruce Ratner, the needed cash to move forward with the centerpiece of his ...

Read full story

Comments

You must be signed in to post a comment

Already have an account?

ALSO SEE

MORE NBA HEADLINES