Scott Soshnick of Bloomberg News reports that the NBA has cleared Mikhail Prokhorov's purchase of Bruce Ratner's share of both the Nets and Barclays Center.
BREAKING: @NBA approves ownership transfer of @BrooklynNets/ @barclayscenter to Prokhorov, source says. Valuation of $1.9 billion #sportsbiz
— Scott Soshnick (@soshnick) December 16, 2015
Soshnick also broke the story of an agreement in place between Prokhorov and Ratner two weeks ago. Prokhorov had owned 80 percent of the team and 45 percent of the arena prior to the agreement.