Wednesday, October 29, 2008

Report: Ratner talked with Russians, Dubai group about ownership

Sources are beginning to come out of the woodwork regarding Bruce Ratner's apparent efforts to sell the New Jersey Nets. First, the Daily News reported Ratner was trying to sell the team. An anonymous team spokesman told the Post that wasn't true.

Then Yahoo! Sports columnist Adrian Wojnarowski reported that Ratner talked to Russian oil tycoons not just about the Nets but the entire Atlantic Yards project. A Middle Eastern group also expressed interest to the NBA and Nets ownership.

OK, anyone with oil wealth might have to reconsider investments after the price of oil took a dive. But the accumulating reports must have project backers like Brooklyn Borough President Marty Markowitz a little antsy.

After all, after the New York Times reported last March on the AY stall, Markowitz declared, "I remain confident that Forest City Ratner, with its successful track record of development through all economic climates, will fulfill its vision of bringing the Nets, affordable housing, and a new city center to Downtown Brooklyn.”

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