Ric Bucher, reporting for Bleacher Report, said Tuesday night that the Nets principal owner, Mikhail Prokhorov, owner of 80 percent of the Nets and 45 percent of Barclays Center. wants to go "all-in" and buy out stakes in both from Bruce Ratner. Bucher said an announcement could come on the plan within two weeks.
A source at ONEXIM, Prokhorov''s holding company, tells NetsDaily. that debt owed by Ratner is at the heart of such discussions. Source states...
We can confirm that Onexim Sports and Entertainment is looking at various ways to restructure debt owed to the company in connection with its US assets.