Links - Russian tycoon strikes deal to purchase Nets - North River Minor Hockey Association

Russian tycoon strikes deal to purchase Netsskip to main content (press enter) CBC Global Header NavigationCBCca News news drop down menu Sports sports drop down menu Radio radio drop down menu TV tv drop down menu My Region drop down menu More drop down menu Watch drop down menu Listen drop down menu Search CBCca Submit Search Sign Up Log In Hockey Headlines Scoreboard Standings Stats NHL Schedule Teams Players Hockey Night in Canada Highlights Fantasy Pool Football Headlines CFL Scoreboard CFL Standings CFL Stats CFL Teams NFL Scoreboard NFL Standings NFL Stats NFL Teams NFL Players Video Alpine Skiing Curling Figure Skating Basketball NBA Scoreboard Standings Stats Teams Players Basketball News Feed Baseball MLB Scoreboard Standings Stats Teams Players Baseball News Feed Soccer MLS Scoreboard MLS Standings International Stats Soccer News Feed Amateur Sports Golf Tennis Story Tools EMAIL PRINT Text Size S M L XL REPORT TYPO SEND YOUR FEEDBACK Russian tycoon strikes deal to purchase Nets Last Updated Wednesday December 16 2009 629 PM ET Comments2Recommend10The Associated Press Mikhail Prokhorov has completed an agreement to buy the Nets (Natalia KolesnikovaGetty Images)The richest man in Russia is another step closer to owning the New Jersey NetsMikhail Prokhorovs Onexim Sports and Entertainment Holdings and the development company that owns the Nets announced on Wednesday that they had completed their agreement to create a partnership for owning the NBA team and developing the Atlantic Yards project in New York CityThe agreement provides for the sale of 80 per cent of the Nets and 45 per cent of a new Nets arena to Onexim subject to approval by the NBA board of governorsIt also includes an option for Prokhorov to acquire up to 20 per cent of Atlantic Yards which would surround the new Barclays Center arena with apartments and office towers on 89 hectares in BrooklynForest City Ratner Cos which is led by Nets majority owner Bruce Ratner and Nets Sports and Entertainment signed a letter of intent with Prokhorov on Sept 23Wednesdays announcement came one day after Forest City Ratner announced that $511 million US in taxfree bonds for the Barclays Center had been sold Project opponents had hoped the bond sale would fall flat and end the project The Canadian Press 2009This story is now closed to commentingNote The CBC does not necessarily endorse any of the views posted Please note that comments are published according to our submission guidelinesStory Tools EMAIL PRINT Text Size S M L XL REPORT TYPO SEND YOUR FEEDBACK Basketball HeadlinesTop Headlines Recommended Commented Bobcats bench bests Toronto Comments0Recommend2Nazr Mohammed had 18 points and eight rebounds and the Charlotte Bobcats overcame Stephen Jacksons poor night to beat the Toronto Raptors 9791 Chick Melo taking his talents to Broadway Unlike the many stories linking...