Ric Bucher Rumors
Ric Bucher in his report on how Mikhail Prokhorov wants to go “all in” on the Nets and Barclays Center, suggested that there could a resolution on the matter in two weeks. He could be right. In a filing last week, Forest Center Enterprises, Bruce Ratner’s parent company, disclosed that the company has an August 12 deadline to either repay his debts to the “MP Entities,” that is ONEXIM, or Ratner’s “ownership interests in the Nets will be diluted from 20% to approximately 8%.” That would mean Prokhorov would own 92 percent of the team. We are told, however, that FCE will pay the tens of millions it owes to Prokhorov and retain the 20 percent interest. What is owed is less than the value of what would be lost. We are told as well that negotiations for the buyout of the entire Ratner stake in the team –and possibly the arena– are either underway or will be very soon.
Ric Bucher, reporting for Bleacher Report, said Tuesday night that the Nets principal owner, Mikhail Prokhorov, owner of 80 percent of the Nets and 45 percent of Barclays Center. wants to go “all-in” and buy out stakes in both from Bruce Ratner. Bucher said an announcement could come on the plan within two weeks. NetsDaily has been told there may soon be negotiations between the two sides on such a possible sale. Ratner, who was principal owner from 2004 through Prokhorov’s purchase of the team in 2010, has been trying to sell his stakes in both properties, but has thus far failed. NetsDaily has reached out to both sides for comment.
Bucher in a video report, stated… I’m hearing that Prokhorov … There’s been a lot of talk about him selling the franchise … and now the latest is that in the next two weeks we could hear an announcement that he’s actually buying 100 percent of the franchise, buying the Barclays Center, going all in. Sources who told me this also told me there is still the possibility that he gets completely out if he has that opportunity, but the indications are much more strong that he would go the other way and buy all the way in.
Bucher also said the Nets have taken Johnson off the market and that would suggest that Prokhorov is all in because he wants a competitive team but one that is more financially responsible than the one that they had. So by getting rid of Deron Williams and a couple of other moves they get below the tax threshold but at the same time you still have Joe Johnson, you’re still competitive, you still have a chance to compete for a playoff spot.
Despite Wojnarowski’s past at ESPN—or perhaps because of it—his relationship with the network borders upon hatred as closely as anything in the sports media world. “I’ve had agents and executives tell me Woj has a jihad against ESPN,” said Bleacher Report’s (and formerly ESPN’s) Ric Bucher. “He has a mission to take ESPN down.” Bucher wasn’t the only person to use the word “jihad” to describe how Wojnarowski approaches competition with ESPN. Wojnarowski seizes every opportunity to take shots at ESPN, often referring to it as “that cheerleading network” or “a sports cable network” in his columns.
Ric Bucher, the former ESPN columnist and TV analyst, announced on twitter this week that he’s headed to Bleacher Report. Bucher and ESPN parted ways last September, and he turned his focus to a radio gig and writing for CSN Bay Area. In addition, he joined a social media training firm. The firm – Everything is on the Record – made Bucher a partner, and he occasionally works with teams, individual players, and coaches on how to handle the media. Bucher confirmed to me this week that he’s still going to work with the firm in addition to his Bleacher Report columnist gig. After poking around a bit, it seems like this sort of thing – not necessarily being a partner in a firm, but doing consulting on the side with subjects who journalists report about – is becoming increasingly commonplace in 2013.