HoopsHype Barclays Center rumors

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April 3, 2015 Updates

The sale of the Brooklyn Nets has stalled because Mikhail Prokhorov is trying get a $3 billion valuation for the team and Barclays Center while keeping a controlling interest in the NBA team. The Russian billionaire controls 80% of the team and 45% of the arena while Bruce Ratner controls 20% and 55%, respectively. Prokhorov wants to keep 51% of the Nets after any sale. Prokhorov’s terms have been confirmed by two sources who did not want to be mentioned because they do not have permission to speak about the deal discussion publicly. Three weeks ago I wrote that people were telling me Prokhorov only wanted to sell a minority interest. But at that time I wasn’t sure of the valuation he was seeking or the percent ownership he wanted to maintain. Forbes.com

February 25, 2015 Updates

An ironworker died on Tuesday afternoon when steel beams fell on him as he worked to install Barclays Center’s new green roof, according to a police spokesman. The 52-year-old was an employee of a Massachusetts steel company contracted by Hunt Construction Group, according to a Forest City Ratner spokesman, who expressed his sorrow at the tragedy. The Brooklyn Paper

February 24, 2015 Updates

A construction worker was reportedly killed by falling beams at Brooklyn's Barclays Center today. An FDNY spokesman confirms that first responders were called to the arena shortly after 1:30 p.m. after receiving a call about a cardiac arrest. The worker was transported to Brooklyn Hospital in critical condition. Police sources tell News 12 that "the beams fell on a 52-year-old man as they were being unloaded." NBC New York reports that the worker was helping install the green roof on the arena when the beams crushed him. Gothamist

February 15, 2015 Updates
February 14, 2015 Updates

Following the announcement in 2013 that the New York City teams would co-host the All-Star game, soon-to-be commissioner Adam Silver said the Nets would host the big Sunday game at Barclays Center in “the relatively near future,” a reward for only holding the sidebar events in 2015. Amidst rumors that majority shares of the team and the arena are up for sale, CEO Brett Yormark told the Daily News that there hasn’t yet been a commitment from the Nets. He said the topic should be discussed shortly. “I’m sure there will be some options to host it again,” Yormark said. “I’m sure after this weekend, management and ownership will sit down and decide whether or not it’s something we want to pursue. But the experience has been terrific.” New York Daily News

February 10, 2015 Updates
January 13, 2015 Updates

Prokhorov, 49, the first foreign owner of an NBA team, holds 80 percent of the club and 45 percent of the Barclays Center, its 2 1/2-year-old arena which next season will house hockey’s New York Islanders. Only the team is for sale, the people said. Bloomberg

December 17, 2014 Updates

A leak in the roof late in the first quarter at 26-month-old Barclays Center prompted a stoppage of play for about 30 minutes. It was Brooklyn’s first major league rain delay since the Dodgers left town in 1957. With 1 minute 47 seconds remaining in the first quarter and the Heat leading, 24-21, water pooled near the sideline around midcourt, across from the Nets’ bench. New York Times

A bucket was brought out to contain the water, then another and another, as the players took jump shots to remain loose. After about 10 minutes, the teams retreated to their locker rooms. In a statement, the Nets said the leak was a result of the installation of a so-called green roof, composed of small plants and a soil-like cover, that was intended to beautify the exterior of the $1 billion arena. Repair crews were able to plug the leak after about 26 minutes. New York Times

December 16, 2014 Updates

Rod Boone: No sign of a solution. This may take a while. Anyone have a Snickers? http://t.co/kUzBIrbQNK Twitter @rodboone

November 5, 2014 Updates
October 23, 2014 Updates

A Palestinian-American student alleged that she was assaulted by a group of Jewish fans at a Brooklyn arena during an exhibition basketball game between the host Nets and Israel’s Maccabi Tel Aviv. Nerdeen Kiswani, 20, said that she was punched in the stomach and had a Palestinian flag taken from her hands during the October 7 game at the Barclays Center by a group that included Leonard Petlakh, the executive director of the Kings Bay YM-YWHA, who was punched outside the arena after the game. Kiswani, who wears a hijab, is a student at Hunter College in Manhattan, where Petlakh also teaches. Haaretz

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

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