The Russian oligarch confirmed he is talks to “buy out” Bruce Ratner in both the team and Barclays Center. He didn’t put a number on the valuation of either property or identify a potential buyer of the minority stake. Forbes has put the valuation of the Nets alone at $1.5 billion. Here’s what he told TASS… “I’m not planning to sell the Brooklyn Nets. The situation is that we’re in discussion with our partners at Forest City, who own 20% of the club and 55% of the arena, to buy them out. This has two components. One is that we’re restructuring their debt by increasing our share and, second, we want to create conditions by which we can sell a minority stake at some point in the future to realize some gains from the team’s capitalization. These two aspects are important. Plus, the NBA prefers that the ownership structure of the arena and the team be the same, so we’re following that logic.”
via NetsDaily
But Bargnani, who signed a two-year deal with the Nets for the league minimum despite being offered more money by the Kings, insists he’s as bothered as anyone about his penchant for collecting lingering ailments. “You cannot do anything about it. There’s not much you can do,” he said. “It’s just extremely frustrating.” “That’s the worst thing I have ever been through in my career, is missing so many games. So you just sit out, try and keep working, [focus on] being there with your head. You do as much as possible so you don’t go crazy.”
via Newsday