It’s Official: Prokhorov buys out Ratner
Russian Billionaire Now Owns 100 Percent of Nets and Barclays Center
There’s nothing quite like a unified title belt, or an undisputed national champion.
By officially reaching an agreement for his buyout of Downtown real estate magnate Bruce Ratner’s remaining shares of the Brooklyn Nets and Barclays Center, Mikhail Prokhorov became the sole owner of both entities, making him the boss of all bosses on the corners of Atlantic and Flatbush avenues.
“Today’s deal brings the ownership structure of the Brooklyn Nets and their state-of-the-art home in line with NBA guidelines, and comes at an opportune time for all involved,” noted Prokhorov, whose Onexim Sports and Entertainment group inked the deal with Ratner’s Nets Sports and Entertainment on Tuesday.