Mikhail Prokhorov's Unique Offer
Mikhail Prokhorov, the Russian billionaire being courted by Forest City Ratner to help fund the Barclays Center arena for the New Jersey Nets (to become the Brooklyn Nets), posted his counter offer to the Atlantic Yards shareholders on his blog yesterday. Develop Don’t Destroy Brooklyn brings us a translation of the entry, which DDDB calls…
Mikhail Prokhorov, the Russian billionaire being courted by Forest City Ratner to help fund the Barclays Center arena for the New Jersey Nets (to become the Brooklyn Nets), posted his counter offer to the Atlantic Yards shareholders on his blog yesterday. Develop Don’t Destroy Brooklyn brings us a translation of the entry, which DDDB calls “rather foolish and absurd.” The gist is that Prokhorov will finance the arena in exchange for a significant share in the project as well as a controlling share in the Nets. What’s unique about the post is that it sounds like Prokhorov’s primary interest in the deal is the opportunity to elevate the state of basketball in Russia, which he says suffers from inconsistent financing and an unstable, unprofitable business model. He writes: “For our group, participation in such a complex project undoubtedly is interesting only in the event that NBA technology can be used for the systematic development of basketball in Russia.” (Perhaps NBA technology sounds less bizarre in Russian? And since when do oligarchs have blogs?)
NJ Nets and the Development of Russia’s Basketball [Mikhail Prokhorov Blog]
Prokhorov Issues Absurd Statement on the Nets, AY [DDDB]
The DDDB translation is not a Google translation. It is a Russian speaking human’s translation. (http://dddb.net/php/latestnews_Linked.php?id=2329)
As for whether or not it is a good deal for Prokhorov or Ratner or taxpayers, the details and amounts of the transaction are far from clear. Though we expect them to be announced today (weds) or tomorrow. Will they be clear then so the speculation can stop and the analysis can start? We’ll see.
Even with the bad translation, I can’t figure out why DDDB called the offer “foolish and absurd”. They’re just haters in general.
I remember that, antidope. I just thought it was a rehash of the original one.
My apologies.
Keep up the good work in the HOTD threads. 🙂
man you type so much you don’t even remember dismissing my OT post about the revised offer last nite.
you are a machine.
The revised offer is, dope.
Don’t complain when outside money is shoved at you.
Why is it “foolish and absurd???”
I think the nutjobs here are not the tent dwellers, the brownstone commenters but DDDB.
is it news today, dave?
ESPN has a good translation…
So now NY taxpayers are funding an enterprise that will be controlled by a Russian businessman????
KENSINGTON???? Calling KENSINGTON????