Nets owner Mikhail Prokhorov already owned the majority of the franchise, but on Wednesday, a report said he's about to become the sole owner after NBA approval.
Bloomberg says the league gave the thumbs up to allow the transfer to Prokhorov. Previously, Bruce Ratner owned 20 percent of the team and 55 percent of the arena.
But what will Prokhorov do with the franchise now that it's fully under his control?
Bloomberg noted the transfer agreement gave the team and arena a valuation of a whopping $1.9 billion. Back on Dec. 2, when another report said the transfer was all but done, Bloomberg added this:
"Gaining control of the arena -- and full ownership of the team -- would make it easier for Prokhorov to sell all or part of either asset, including minority partnerships in the team, arena or both.