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July 24, 2009

It's all about cash flow: Ratner, according to report, pushing harder to sell part of Nets

Atlantic Yards Report

On Wednesday night, at the informational meeting on Atlantic Yards sponsored by three community boards, Forest City Ratner's MaryAnne Gilmartin was asked about reports that principal owner Bruce Ratner was selling the Nets to minority owner (and Brooklynite) Vinny Viola.

"That's not true," Gilmartin said.

Maybe so, but it was a narrow answer to a narrow question.

Nets for sale

As to whether Ratner may be selling the Nets to someone else, the headline on an article by Dave D'Alessandro of the Star-Ledger is New Jersey Nets owner Bruce Ratner on verge of enlisting investors willing to move team to Brooklyn.

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Posted by eric at July 24, 2009 8:45 AM