MOSCOW (Reuters) – Russia’s richest man, Mikhail Prokhorov, has made a takeover bid for major U.S. basketball team the New Jersey Nets, the tycoon confirmed on his blog on Tuesday.
Former nickel baron Prokhorov boasts that if his move is successful, it would be the first time a National Basketball Association (NBA) club comes under foreign control.
Prokhorov’s proposals, sent to existing Nets shareholders at the weekend, would see his Onexim group provide a loan to build a substantial part of a new arena, according to a post on his website, md-prokhorov.livejournal.com.
Onexim would also receive a controlling stake of the NBA team for a “symbolic” price, the post said. Sources close to the billionaire have previously estimated the overall value of any deal at $700 million.
“For our Onexim group the realization of this very lucrative business project, whose participation was made possible by the world crisis (never in history have foreigners owned an NBA club), is another interesting sports development,” Prokhorov wrote.
Former New Jersey Net star Richard Jefferson bailed on his stunning fiancée — pulling the plug on his posh Manhattan wedding at the 11th hour without even alerting some of the guests, The Post has learned.
The cold-footed forward’s decision to ditch onetime Net dancer Kesha Ni’Cole Nichols was so last-minute that some of his oblivious friends had already shown up last Saturday at the swank Mandarin Oriental in Columbus Circle for the $2 million wedding that never happened.
Jefferson — who was traded in June to the San Antonio Spurs — dumped Nichols just before the weekend, according to sources.
She immediately called her family and friends to say the ceremony was off.
But Jefferson waited much longer, his friends told The Post.
“He called about two hours before the wedding. It was nuts,” said one Jefferson pal.
NEW YORK (AP) – Officers stunned a drunken and agitated Jayson Williams with a Taser at a swank Manhattan hotel Monday morning after reports that the troubled ex-NBA star appeared suicidal, police said.
Police were called to the hotel in Battery Park City in lower Manhattan around 4 a.m. after a report that the former New Jersey Nets star was suicidal, authorities said.
When officers arrived, there were empty bottles of prescription drugs strewn around the disheveled hotel suite of the 6-foot-10 Williams, police said.
Several suicide notes also were found, police sources told the New York Post. Cops came to the Embassy Suites hotel after a female friend told police that Williams was acting “suicidal” and “violent” in his room, according to the Post’s sources.
Emergency Services Unit police, an elite team trained to deal with emotionally disturbed people, responded and stunned Williams with a Taser, handcuffed him and took him to a hospital for a psychiatric evaluation.
Williams played nine seasons in the NBA with the Nets and the Philadelphia 76ers before retiring in 2000.
He was convicted in 2004 of trying to cover up the shooting death of his hired driver Costas “Gus” Christofi at his mansion in Alexandria Township, N.J., in February 2002. Continue reading →
New Jersey Nets CEO Brett Yormark said the team is committed to moving to Brookyln in time for the 2011-12 season, according to Bloomberg News.
“We’ll be there for the ’11-’12 season. We’ve pre-sold 20 percent of our suites.” Yormark said in a report published on Friday. “We’ve got eight of our 14 founding partnerships already completely signed. Next week, we’ll announce our ninth.”
The Brooklyn arena is not built and owner Bruce Ratner is awaiting an eminent-domain lawsuit before starting on the Barclays Center. Groundbreaking could come in late spring or early summer, according to the report.
Posted by: Eugene Kan / October 18, 2008 / 6 Comments
As part of LeBron James’ personal LeBron James Family Foundation, the NBA All-Star has partnered with Ralph Lauren Purple Label to created a limited edition basketball. The package features a signed basketball in the Purple Label’s signature colors with 100% net proceeds going towards James’ philanthropic causes such as inspiring children to be active, maintaining a focus on education and offering benefits to single-parent families. Limited to 300 pieces, the set retails for $1000 and is available through RalphLauren.com. Continue reading →
White men can’t jump, but they still got some hustle in ’em! In true Woody Harrelson fashion, a london chap dressed in a V-neck sweater and blue jeans gives the business to unsuspecting NBA star Devin Harris. Apparently the Englishman is Stuart Tanner, somewhat of a street-ball legend in the UK. Hilarious.