The Nets players and coaches won't be the only ones from the team traveling around the world in the next few weeks. Brett Yormark is reportedly headed for Moscow this week, hoping to land sponsors among Russian companies, while Bruce Ratner is traveling to China next month, at the same time the Nets play the Rockets.
Ratner is looking for up to a quarter billion in financing for the larger Atlantic Yards project...as part of a U.S. program that in effect gives overseas investors green cards in return for investment.
A Ratner official said the money would be used to rebuild the LIRR railyard east of the arena. The $940 million Barclays Center is fully funded, company officials said as recently as last week.
- Ratner Mulls Visa Financing - Eliot Brown - Wall Street Journal
Forest City Ratner seeks Chinese millionaires for capital bailout, with green cards as bait - Norman Oder - Atlantic Yards Report