Results tagged “mikhailprokhorov”

So let’s get this right. If you're a Moscow mogul looking to buy the New Jersey Nets and move them to Brooklyn, you don’t have to do any of the legwork that comes with finding an apartment in the bustling borough?

What better to follow up a meeting with a handful of NBA owners than a $19,000 lunch? That’s right, nothing, which is why Russian billionaire Mikhail Prokhorov, who is looking to purchase the floundering New Jersey Nets and bring then into Brooklyn, stopped into Nello on the Upper East Side Wednesday with a few friends, the Post reported.

Days after the Post had one of their "sources" describe Brooklyn Borough President Marty Markowitz as "angry and embarrassed" over the prospect of a Russian-owned Nyets team at the embattled Atlantic Yards site in Brooklyn, Marty's fired back. Far from being embarrassed, he's simply delighted: "Brooklyn is the Russian capital of America, so [Russian playboy Mikhail] Prokhorov will feel right at home here, and I have been assured he will put the interests of Brooklyn first." Plus, given those Russkies' historic knack for winning basketball games against all odds, maybe New York will finally get a b-ball team to be proud of again?

On the heels of Russian billionaire Mikhail Prokhorov's blog confirmation of rumors that he'll help finance the Bruce Ratner's embattled Nets stadium, Forest City Ratner has issued a statement detailing the "strategic partnership for the development of the Atlantic Yards Project." According to the press release, "entities to be formed by Prokhorov's Onexim Group will invest $200 million and make certain contingent funding commitments to acquire 45% of the arena project and 80% of the NBA team." The tentative $200 million deal would also involve Prokhorov taking on some of the team’s debts and reducing Ratner’s 23 percent stake.