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April 23, 2010
NBA: Expect Prokhorov to take Nets reins in May
NY Post
by Fred Kerber
Could it really be that Forest City Ratner (and the NBA) wanted the Atlantic Yards footprint cleared of all human life by May 17th so Mikhail Prokhorov could be present for the NBA draft lottery?
Soon ... not as soon as some suspect ... but soon.
Like less than three weeks soon.
That's when Russian billionaire Mikhail is expected to take over ownership of the Nets, an NBA spokesman said yesterday.
With the vacant possession issue resolved and all pertinent tenants and businesses due out of the Brooklyn Atlantic Yards site by May, the league expects Prokhorov to be approved "by the middle of the month [of May],'' the league said.
Prokhorov needs the approval of the Board of Governors, a foregone conclusion. The board does not need to gather to vote and could do so by teleconference. Approval might lead to Prokhorov sitting on the dais at the May 18 lottery.
NoLandGrab: Remember when the Knicks won the 1985 draft lottery, which allowed them to select Patrick Ewing first overall? Many draft watchers believed the lottery was fixed. Who wants to wager that the Nets' 25% chance of winning this year's draft lottery is more like 100%?
Posted by eric at April 23, 2010 10:24 AM