HoopsHype Barclays Center rumors

October 21, 2014 Updates

Brooklyn Nets minority owner Bruce Ratner is putting his majority share of Barclays Center on the market. "Our goal is to identify a strategic partner as we continue to capitalize on the great performance of Barclays Center and the promise of Nassau Coliseum," Barclays Center spokesman Barry Baum said in a statement. "The current management team [Ratner and Barclays Center CEO Brett Yormark] will continue in its existing role." ESPN.com

October 4, 2014 Updates

The source described the meeting — which Nets minority owner Bruce Ratner and chief executive officer Brett Yormark also attended — as “exploratory” in nature. The source said Prokhorov held the meeting to look into ways to expand his sports and entertainment portfolio, which, along with the Nets, includes Barclays Center, Nassau Coliseum and the sales and marketing operations of the Islanders. The source said that any deal that is made with another group would be a “merger and not a sale” and that nothing is imminent. New York Daily News

July 10, 2014 Updates

It’ll be fifth All-Star game in New York next February 15, but the first time the weekend will be shared by two boroughs. The Friday and Saturday events – which include the Slam Dunk and 3-point contests – will be held in Barclays Center. Sunday’s All-Star Game will be at Madison Square Garden. As part of the agreement to split the All-Star Game, the Barclays Center will be given the chance to host Sunday’s All-Star game as early as 2017. According to the NBA, the 2012 All-Star Game in Orlando generated $95 million for the Florida city in “economic impact.” New York Daily News

May 27, 2014 Updates

The Nets will soon unveil their plans for a practice facility in Brooklyn's Industry City, a $45 million rehab of the top two floors of a 100-year-old industrial warehouse, complete with spectacular views of Lower Manhattan. Irina Pavlova, president of ONEXIM Sports and Mikhail Prokhorov's representative in New York, heads up the project, working with David Carlock, a member of the Barclays Center board of directors and an arena consultant. NetsDaily

April 25, 2014 Updates
April 13, 2014 Updates

Tech Republic says Barclays Center "is considered the most connected stadium in the world" ... at least until the 49ers open their new stadium this summer. The technology magazine says that by doing things like improving Wi-Fi access and setting up special apps for the arena and team, Barclays and the Nets have created a standard others will have to meet. Reporter Teena Hamilton describes what you can find at the Brooklyn arena... An average of 4,000 to 5,000 fans accessing the 17,500-seat arena's Wi-Fi on any given night, and using the in-house team app to get instant replays and watch multiple camera angles on their mobile devices. Fans can also order drinks and food from their seats, and upgrade those seats as soon as they walk into the arena. NetsDaily

February 16, 2014 Updates

It already will be different, as the Friday and Saturday events will be at Barclays Center and Sunday's All-Star Game will be at the Garden. But Silver, in his first state of the league address, said instead of the fan-friendly Jam Session that features interactive basketball activities, the NBA might do something involving all five boroughs. "Several members of the Knicks and Nets are in town studying everything that they're doing here in New Orleans," Silver said. "One of the ideas we have talked about, and it's consistent with a focus on the game, is to expand the All-Star experience to all five boroughs through programs for kids, a series of clinics throughout the New York area. "As opposed to one focused Jam Session, taking the game to the schools and having a program involving coaches and kids leading up to All-Star Weekend, that's one of my primary focuses." Newsday

December 17, 2013 Updates
December 12, 2013 Updates

Coming soon to Barclays Center: The battle of the trendy hotels. Lodging-industry leaders are throwing their considerable clout into two Downtown Brooklyn hotels being built close to Brooklyn's popular new arena – and two very different types of attention-grabbing concepts are being deployed. Both new hotels will seek to capitalize on their proximity to Barclays, which in its recently finished first year in business became the Numero Uno concert venue in America. One will be part of a high-end Marriott boutique hotel group whose iconic properties include the storied Algonquin. The other will be a new brand of hotel for health-and-fitness-conscious travelers created by InterContinental Hotels Group. Brooklyn Daily Eagle

October 28, 2013 Updates

"You've always dreamed of playing in the pros and here's your chance to get on the court," wrote Nets CEO Brett Yormark, in a letter in the ad. "As we embark on what is sure to be one of our most exciting seasons in franchise history, this is your opportunity to be our sixth man." ESPN.com

October 22, 2013 Updates

The Wall Street Journal, citing public documents released by Bruce Ratner's parent firm, reports that the profit generated by Barclays Center is a third of what the arena's operators projected before it was built. Eliot Brown of the Journal writes that the arena will produce about $26 million in operating income in its first year, 2/3rds of the $76 million projected ... and less than what the arena has to pay out to its bondholders. NetsDaily

Forest City Enterprises which owns 55 percent of the arena operating company attributes the shortfall to the opening costs, "to make a big splash in the first year, investing heavily in marketing, customer service and securing top acts," writes Brown. Indeed, the arena has been the nation's top grossing venue for concerts and family shows through the first three quarters of year one ... and second in the world. "We can easily reduce our expenses by 15%, if not higher," Brett Yormark, CEO of the Barclays Center, told WSJ, adding the arena's first 12 months have "exceeded my expectations." NetsDaily

October 19, 2013 Updates

The Wall Street Journal, citing public documents released by Bruce Ratner's parent firm, reports that the profit generated by Barclays Center is a third of what the arena's operators projected before it was built. Eliot Brown of the Journal writes that the arena will produce about $26 million in operating income in its first year, 2/3rds of the $76 million projected ... and less than what the arena has to pay out to its bondholders. Forest City Enterprises which owns 55 percent of the arena operating company attributes the shortfall to the opening costs, "to make a big splash in the first year, investing heavily in marketing, customer service and securing top acts," writes Brown. Indeed, the arena has been the nation's top grossing venue for concerts and family shows through the first three quarters of year one ... and second in the world. NetsDaily

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