Nets Bidzness




The Brooklyn Nets? Yesterday Bruce Ratner and his team (Jay-Z's bling bling is everywhere) purchased the Nets for $300 million. He beat out an offer of about $267.5 million by developer Charles Kushner and U.S. Sen. Jon Corzine, who sought to keep the Nets in New Jersey. This is a very big lost for New Jersey. Ratner's plan is to move this franchise to an arena in a $2.5 billion commercial and residential project in downtown Brooklyn. If everything comes together, Ratner has said, construction on the stadium would begin next year and the arena would be ready for the 2006-07 season. This is good buzz for NY but not for Jersey. Franchise stealers!



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