The final tally: Prokhorov pays $200 million, plus $180 millionin team debt, in exchange for 80% of the team and 45% of BarclaysCenter arena, which is under construction at the corner of Atlanticand Flatbush avenues. He also agrees to buy $100 million worth ofarena bonds. As for how much Prokhorov will reap from the deal,that's hard to say without knowing how revenues will be sharedbetween the Nets and the arena.

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And the vote also allows Atlantic Yards developer Bruce Ratnerto devote his full attention to what made him wealthy in his ownright: building. Indeed, Ratner recently told the Wall StreetJournal that he lost around $30 million each season that he ranthe team.

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Prokhorov's agreement to buy the Nets, and take a stake in thearena that will house them, pulled the entire $4-billion AtlanticYards project from the brink of a collapse brought on by a slackeconomy, lawsuits and cost-overruns associated with Frank Gehry'sinitial design.

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"We are pleased that the NBA's Board of Governors approvedMikhail Prokhorov's purchase of majority ownership of the Nets,welcoming into the NBA ownership ranks the league's first majorityinvestor from outside of North America," NBA Commissioner DavidStern said in a statement. "We anticipate that his passion for thegame and business acumen will be of considerable value not only tothe Nets franchise but to the entire NBA."

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But not everyone was as fired up about Prokhorov coming toBrooklyn. Several lawmakers called for a delay to the approval dueto allegations that Prokhorov earned his billions in part throughshady business dealings with Zimbabwe, a country under US sanction.One of the more vocal, New Jersey Congressman Bill Pascrell Jr. (D)said in a statement, "Mr. Stern has refused to confirm or deny tome whether the league's vetting operation looked at Mr. Prokhorov'sbusinesses in Zimbabwe and his investment bank's ties to a massivepublic corruption scheme." Pascrell, who's district is based inPaterson, NJ, added, "This is simply unacceptable to me and themillions of basketball fans across the country who hold the NBA toa higher standard.

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Despite the detractors, the sale likely marks the last majorhurdle for the Atlantic Yards arena project in Brooklyn,particularly now that the residents of the arena site have all beenremoved and the financing is in place.

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