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NBA Team New Jersey Nets to Move to New York if Deal Approved.

Daily News (New York, NY)

| January 23, 2004 | COPYRIGHT 2004 Daily News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jan. 23--Yo, Brooklyn, it looks like you're getting a big-league basketball team.

The owners of the New Jersey Nets said yesterday they have agreed to sell the NBA club to city real estate developer Bruce Ratner, whose dream is to bring it to Kings County.

The deal hinges on approval by the board of YankeeNets LLC, the team's holding company, which is scheduled to meet tomorrow.

"We have a contract," declared Ed Stier, president of Community Youth Organization, which represents Nets ownership. "We reached final terms this afternoon after meetings in New Jersey, Manhattan and Brooklyn and lots of back and forth by telephone."

Ratner ...

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Source: HighBeam Research, NBA Team New Jersey Nets to Move to New York if Deal Approved.