Russian Billionaire Buys Nets

[mountainballer]

How did a Russian get so rich so quickly is kind of strange.

how?
read the Rockefeller or Carnegie bio and you will find some parallelism.

[hater]

wait, what the does JayZ own then??

[Bukefal]

Interesting story. These new rich russians are taking over everything in the world. I just hope the game will not be f*cked up with this new money, like what happened to football in Europe.

[jonnybravo]

Interesting story. These new rich russians are taking over everything in the world. I just hope the game will not be f*cked up with this new money, like what happened to football in Europe.

Salary cap and CBA.

Why do articles keep saying this guy is the richest owner in the NBA? At 18 B net worth, Paul Allen doubles him up.

[bobbybob0]

The deal comes as the developer Bruce C. Ratner, who owns the Nets, is rushing to complete the financing for an $800 million arena at the intersection of Atlantic and Flatbush Avenues in Brooklyn and start construction by the end of the year. Ratner, chief executive of Forest City Ratner, has been eager to bring in a major new investor because the team loses tens of millions of dollars a year and the arena project has been hobbled by costly legal challenges and three years of delays.

(...)

Under the terms of the deal, Prokhorov would invest $200 million in the Nets in exchange for an 80 percent stake in the team and 45 percent of the arena, according to a statement released by Forest City Ratner. He would also take on some of the team’s debts, executives said, reducing Ratner’s 23 percent stake as well as that of other investors.

So this Russian guy is buying 45% of a $800 million arena and 80% of the Nets for just $200 millions?

Did I read something wrong?

[Basketballgirl25]

Maybe he just wants to win, and has so much money that he don't give a about a salary cap. I hope I'm wrong.

I HOPE YOUR RIGHT

[Basketballgirl25]

wait, what the does JayZ own then??

he owns like 20% of the nets I think, I don't really remember

[mountainballer]

Interesting story. These new rich russians are taking over everything in the world. I just hope the game will not be f*cked up with this new money, like what happened to football in Europe.

just because Abramovic burned more than 1 billion for new players in the last 6 years, it doesn't mean that European football has turned into a Russian party.
and no other rich group in the world shrinked as much as these new rich Russians in the last year.

[Morg1411]

wait, what the does JayZ own then??

He's a minority owner.

(And no, that's not racist.)

[Indazone]

Lies! Is Racist!!

Everyone knows richest is owner of Aris! Greek Basketball have richest owners in all Euroleague.

[Bukefal]

just because Abramovic burned more than 1 billion for new players in the last 6 years, it doesn't mean that European football has turned into a Russian party.
and no other rich group in the world shrinked as much as these new rich Russians in the last year.

No no, with making the link with european football I did not mean that it will become some Russian party. What I meant was, I hope NBA will not become f*cked up because of money and power, like what happened to european football. I hope the game will stay the game, in European football, the game has gone for a while now, its not the same, its not enjoyable anymore in this way..

[hater]

The New Jersey Nyets

this christened them????