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the New York "Hovas"?
from espn.com
Are the Nets Brooklyn-bound? Looks like it.
The current owners of the NBA franchise have told real estate developer Bruce Ratner that they intend to sell the team to his investors' group for about $300 million, according to Bloomberg News. In December, the Nets and the Yankees announced a preliminary agreement to end their YankeesNets partnership. That gave Nets owners Lewis Katz and Ray Chambers the green light to sell the team. Ratner has said he plans to move the team from the Meadowlands sports complex to Brooklyn, where he would build a new arena.
Newsday is also reporting that an announcement is imminent.
New York City Mayor Michael Bloomberg and Deputy Mayor Daniel Doctoroff were informed that Ratner's group, which includes rapper Jay-Z, is getting the team, one of the people familiar with the negotiations told Bloomberg.
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