Well, maybe. But, as NLG points out, Mikhail Prokhorov has been the subject of rumors before regarding sports teams. And that main Reuters story didn't exactly translate well, given that it claimed Prokorhov would be issuing the bonds himself. On his GumbyFresh blog, the pseudonymous Gari N. Corp, who knows bond finance--yes, I've met him--breaks it down.
This watchdog blog, by journalist Norman Oder, concerns the $6B project to build the Barclays Center arena & 15-16 towers at a crucial site in Brooklyn. Dubbed Atlantic Yards by developer Forest City Ratner in 2003, it was rebranded Pacific Park Brooklyn in 2014 after the Chinese government-owned Greenland USA bought a 70% stake going forward. In 2018, once the arena & four towers were built, Greenland bought out most of Forest City's stake, then sold three leases to other companies.
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