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 Images

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.

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