Deals
NBA Approves Nets Transfer to Prokhorov at $1.9 Billion
- Prokhorov now has 80 percent of team and 45 percent of arena
- Bruce Ratner's Forest City owns remainder of team, arena
Mikhail Prokhorov and Brooklyn Nets player Joe Johnson chats during training camp.
Photographer: Kent Smith/NBAE/Getty ImagesThis article is for subscribers only.
The National Basketball Association has approved ownership transfer of the Brooklyn Nets and Barclays Center to Russian billionaire Mikhail Prokhorov, a person with direct knowledge of the situation said.
The agreement values the team and arena at $1.9 billion. The person, who requested anonymity because the deal hasn’t been announced, declined to break down the valuation between the Nets and their venue.