Brooklyn Arena Eviction Hearing Set for April 21
Eviction of arena holdouts could come this month if New York State gets its way. Hearing next Wednesday on eviction order could be final step before Mikhail Prokhorov gets approved as owner.
Eviction of arena holdouts could come this month if New York State gets its way. Hearing next Wednesday on eviction order could be final step before Mikhail Prokhorov gets approved as owner.
The Nets bid farewell--fond or not--to the building they've called home since 1981 on Monday night. There are no closing ceremonies planned, other than a video presentation and a thank you to...
When the Nets opened the Meadowlands in 1981, Larry Brown was their coach. Monday night, they leave after playing the Bobcats, who'll be coached by the very same Larry Brown. It's just one piece of nostalgia associated with the Swamp's closing
Nets continue to lose tens of millions of dollars in spite of cost cutting. A reading of documents provided by Forest City Enterprises, owner Bruce Ratner's parent company, indicates the team's overall loss was $42 million in the fiscal year ending Jan. 31. That's down from $55 million a year ago. The team also has more than $200 million in debt, 80% of which Mikhail Prokhorov will pick up.
Sports Business Journal hints the price tag for the Nets and Brooklyn arena could reach $700 million, considerably higher than previously reported. Mikhail Prokhorov approval still dependent on early resolution of arena condemnation issues.