Could 80% of the Nets be sold for $200 million? Either Ratner's a sucker or (more likely) much of the deal is obscured
Ratner and his ownership group bought the Nets for $300 million in 2004, as I noted earlier today. If 80% of the team goes for $200 million, that's a $40 million loss.
Ratner would look like even more of a sucker if Prokhorov could simply sweep up nearly half of the arena with that investment.
But Ratner's no dummy. The "certain contingent funding commitments" mentioned in the press release surely hold the key to the deal.