August 04, 2004
Ratner's Nets purchase hits snag
While Bruce Ratner's arena plans remain in legislative limbo, his plans to move the New Jersey Nets to Brooklyn may have hit a snag from an unexpected direction: Several executives at Goldman Sachs who were to be part of his investment group have dropped out in recent days, leaving him scrambling to come up with the $300 million purchase price. The New York Post, which broke the story, quoted a "Nets insider" as saying these were "the principle guys in the deal." Does that make Ratner the unprincipled guy?
Posted by Neil deMause
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