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ESPN: Nets Waiting to Apply for Ownership Transfer

The Nets have not yet applied to the NBA for a change of ownership ... and probably won't til mid-December. That's when the franchise expects to close its deal with the ESDC on Barclays Center. Mikhail Prokhorov wants the arena closing completed before he acquires the team. The transfer isn't likely to be approved til the first quarter of 2010, ESPN reports. Until then, Bruce Ratner remains principal owner.