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March 28, 2010

Nets’ Likely Owner Faces a Nation

The New York Times
by Richard Sandomir

The Times covers the 60 Minutes interview, and tosses Mikhail Prokhorov a few softballs of its own. Now we know he's watched 10 Nets games this season on DVD's the team provides him, but we still don't know why he didn't attend the groundbreaking, what he thinks of the use of eminent domain to clear space for the arena, why armed men stalking Moscow-based journalist John Helmer were carrying documents from one of Prokhorov's companies — and so on.

In an e-mail response to questions, Prokhorov wrote on Sunday: “I view this investment as a business opportunity. I expect this asset to be worth around a billion dollars after the new arena is built and the team gets to the top of the N.B.A.”
...

Prokhorov, who first conveyed to the league his interest in buying a team in 2008, was initially focused on the Knicks before turning his attention to the Nets.

“I love huge cities: the feeling of pace, of energy,” he wrote in the e-mail message. “Outside of my hometown, Moscow, New York is the place I feel most comfortable. It was this feeling that first sparked my interest in the Knicks.”

The who?

But after seeing that the Knicks could not be acquired from Cablevision, which recently spun off Madison Square Garden as a separate company also controlled by the Dolan family, he focused on the Nets.

article

NoLandGrab: Though the article includes references to Atlantic Yards and Bruce C. Ratner, it does not disclose that Forest City Ratner developed the newspaper's headquarters building.

Posted by eric at March 28, 2010 9:28 PM