Rus News Journal

M.Prokhorov officially became the owner Nju - Jersey

the Russian businessman Michael Prokhorov officially became the owner of club of National basketball association Nju - Dzhersi Nets . After approval from a management of NBA the transaction between under control to Prokhorov Onexim Sports and Entertainment Holding USA, Inc. And Forest City Ratner Companies (FCRC) and Nets Sports and Entertainment (NSE) has been finished. According to agreement conditions, company Onexim Sports and Entertainment has got 80 % of actions of basketball club Nets and 45 % in stadium Barclays Center civil-engineering design in Brooklyn, New York.
as they say in the company message, Michael Prokhorov, owner Onexim Sports and Entertainment Holding USA, Inc., has declared that now begins most interesting - creation of the command, capable to win the championship, whose house arena becomes up-to-date Barclays Center in Atlantic Yards .
According to the signed agreement, company Onexim Sports and Entertainment invests 200 million dollars in exchange for 45 - a percentage share in civil-engineering design Barclays Center, 80 - a percentage share in the capital of basketball club Nju - Dzhersi Nets and also an option for acquisition to 20 % in company Atlantic Yards Development Company operating building of inhabited and commercial real estate within the limits of the given project.
the transaction has been approved by meeting of owners of commands of NBA on May, 11th 2010. As legal adviser FCRC and NSE acted Simpson Thacher & Bartlett LLP. As adviser Onexim Sports and Entertainment company Hogan Lovells has acted.
Company Onexim Sports and Entertainment has been created by M.Prokhorov for participation in the transaction on share acquisition in a basketball team   Nju - Jersey of Nets   and in stadium Barclays Center civil-engineering design in Brooklyn, New York.
Forest City Ratner Companies, affiliated structure Forest City Enterprises, owns 31 object of real estate in New York. Head company Forest City Enterprises carries out projects in the field of real estate and developmenta on all territory of the USA. Market cost Forest City Enterprises is estimated in 11,9 mlrd dollars, shares of company are quoted on nju - jorkskoj to stock exchange NYSE.