« Russian to the rescue: Moscow mogul may be savior of vital Atlantic Yards project | Main | Write all about it »
September 25, 2009
Bruce babbles, explains deal as a "strategic" business investment; Bagli says project was on "life support"
Atlantic Yards Report
A must-read from Norman Oder, who dissects Chairman Bruce's appearance yesterday on Fox Business, and the discussion on yesterday's Brian Lehrer Show.
Do we really know the details of the deal Bruce Ratner signed with Russian mogul Mikhail Prokhorov to sell 80% of the Nets and 45% of the arena?
No, but when asked about it yesterday in a TV interview, Bruce Ratner basically babbled, repeating the mantra of a "strategic" business investment, asserting the deal's great because "it puts two business people together," and claiming he's been "delighted" throughout the whole Atlantic Yards process.
More soberly, Charles Bagli of the New York Times, interviewed on WNYC's Brian Lehrer Show, said the project had been "on life support" and suggested that one key to the deal was Prokhorov's willingness to absorb an unspecified amount of team losses.
Posted by eric at September 25, 2009 10:09 AM