Next step for Nets: sale application

Updated: November 25, 2009, 5:24 PM ET
By Chris Sheridan | ESPN.com

NEW YORK -- The sale of the New Jersey Nets to Russian billionaire Mikhail Prokhorov moved a step closer to fruition with developer Bruce Ratner's victory in the New York State court of appeals, but the franchise still could face months of ownership limbo before the league's Board of Governors votes on the sale.

A league spokesman said Wednesday that the Nets still have not submitted a formal sale application, which would be the next step in the process for the ownership transfer ...

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