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November 2, 2008
NBA HOT SHOTS
newsday.com
KEN BERGER
Dubai Nets?We knew the unraveling of the economy would put the brakes on Bruce Ratner's dream of bringing the Nets to Brooklyn. We just didn't know it would result in the Nets moving to Dubai instead. Just kidding, of course. But Yahoo! Sports first reported this past week that Ratner had discussions - since tabled - with investors from Dubai and Russia about selling the Nets and the Atlantic Yards Project. The Star-Ledger spoke with a source who described Ratner's discussions with foreign investors as "absolutely true." Ratner's spokesman issued a statement denying the talks, and the Nets issued a separate statement: "The Nets are not for sale." But the spokesman, Howard Rubenstein, cleverly added the caveat that Ratner would be "happy" to speak with foreign or domestic investors. Though Ratner continues to tell the team's basketball officials that the Brooklyn move will go through eventually, few will be surprised if he seeks a buyer if the project dies.
Posted by amy at November 2, 2008 9:53 AM