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Ratner, Prokhorov Set Deal -- Russian Gets 80% of Nets, 45% of Arena

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Bruce Ratner and Mikhail Prokhorov have announced a wide ranging deal that will result in the Russian billionaire controlling 80% of the Nets and 45% of Barclays Center. In a press release issued Wednesday, Ratner and Prokhorov announced: "Entities to be formed by Onexim Group will invest $200 million and make certain contingent funding commitments to acquire 45% of the arena project and 80% of the NBA team, and the right to purchase up to 20% of the Atlantic Yards."