Brooklyn Nets boss pressing to move team office to Russia

It's unclear what move would mean to $50M training facility project in Sunset Park

New York /
Mar.March 26, 2014 02:55 PM

The billionaire owner of the Brooklyn Nets is looking to relocate his basketball team’s Manhattan corporate office to his home country of Russia amid the ongoing political clash between that country and the U.S.

Mikhail Prokhorov, a Barclays Center investor and former Russian presidential and mayoral candidate, said earlier this week that he will transfer ownership of the team to a Russian company, the Brooklyn Paper reported.

It wasn’t clear whether the National Basketball Association will allow the move from the Nets’ 15 Metrotech Center front office in Downtown Brooklyn. Prokhorov has not yet applied to the NBA to switch venues, the paper said, but held preliminary discussions on the matter with the association last year.

“This is a long process which may or may not come to fruition and nothing is imminent,” read a statement issued to the Daily News by Prokhorov’s company, Onexim Sports and Entertainment.

Also unclear: the impact such a move could have on plans for a $50 million training facility atop an eight-floor building in Sunset Park’s Industry City, slated for completion by the summer of 2015 in a partnership with Jamestown Properties, Angelo Gordon and Belvedere Capital, as The Real Deal previously reported[Brooklyn Paper] and [NYDN] — Angela Hunt


Related Articles

arrow_forward_ios
Eric Gordon
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Eric Gordon on the evolution of the residential data game — and how to stay competitive in the new world
Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
MAP: Here’s a look at all the Big Tech locations in NYC
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
(iStock/Illustration by Kevin Rebong for The Real Deal)
Year from Hell: 80% of Brooklyn businesses saw revenue drop
Year from Hell: 80% of Brooklyn businesses saw revenue drop
A photo illustration of the 960 Franklin Avenue rendering with Continuum Company's Bruce Eichner (iStock, 960 Franklin/Illustration by Kevin Rebong for The Real Deal)
Apartment project near Brooklyn Botanic Garden is shortened
Apartment project near Brooklyn Botanic Garden is shortened
330 Sackett Street and 72 Hicks Street (Compass, iStock)
Townhouses dominated Brooklyn luxury contracts — again
Townhouses dominated Brooklyn luxury contracts — again
David Umansky of Civic Builders and 720 Livonia Ave in Brooklyn (Photos via Google Maps, Civic Builders)
Charter school developer buys Brooklyn site out of bankruptcy
Charter school developer buys Brooklyn site out of bankruptcy
Modell's at 360 Fulton Street, Brooklyn (Google Maps)
Former Modell’s site in Downtown Brooklyn up for sale
Former Modell’s site in Downtown Brooklyn up for sale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...