Rich Russian ready to buy New Jersey Nets, fund Brooklyn arena
Mikhail Prokhorov of Russia has a deal set to purchase the controlling interest in the New Jersey Nets and be the main funding behind building a new arena in Brooklyn, New York. This is sad news for New Jersey fans who were hoping the move to Brooklyn would continue to get delayed, but with this recent news it looks like the Nets are going to Brooklyn in 2011, as orignally scheduled. Some have even hinted at having the Nets out even earlier and having the Brooklyn arena ready at the beginning of the 2010-2011 season, but I doubt that will happen. The only hope New Jersey fans have to keep their Nets in Jersey is if 75% of the NBA’s board of governors does not approve of Prokhorov’s deal to purchase the Nets.
Here is a video via YouTube from the YES Network on the Nets coming to Brooklyn and the new arena:

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