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October 29, 2008

Report: Ratner talked with Russians, Dubai group about ownership

Atlantic Yards Report

Norman Oder tracks recent reports that Nets owner and Atlantic Yards developer Bruce Ratner has been shopping the team:

Sources are beginning to come out of the woodwork regarding Bruce Ratner's apparent efforts to sell the New Jersey Nets. First, the Daily News reported Ratner was trying to sell the team. An anonymous team spokesman told the Post that wasn't true.

Then Yahoo! Sports columnist Adrian Wojnarowski reported that Ratner talked to Russian oil tycoons not just about the Nets but the entire Atlantic Yards project. A Middle Eastern group also expressed interest to the NBA and Nets ownership.

OK, anyone with oil wealth might have to reconsider investments after the price of oil took a dive. But the accumulating reports must have project backers like Brooklyn Borough President Marty Markowitz a little antsy.


Posted by lumi at October 29, 2008 5:57 AM