Date: January 28, 2004

DEVELOPER NETS NEW JERSEY NETS

Bruce C. Ratner, a developer who wants to move the National Basketball Association (NBA) New Jersey Nets to a $2.5 billion, Frank Gehry-designed Brooklyn site, reached an agreement to buy the team for $300 million, according to the New York Times. The contract now goes for approval to YankeeNets, the holding company for the Nets and the Yankees. Approval is also needed from three-quarters of the teams in the NBA to buy the fr...

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