Pacific Park, Brooklyn
The Barclays Center is the new home arena of the National Basketball Association's Brooklyn Nets, and the NHL's New York Islanders which was purchased by a group led by principal developer Bruce Ratner with the intention of making it and the arena the centerpiece of the whole project. This brought major league professional sports to Brooklyn for the first time since the Brooklyn Dodgers moved to Los Angeles, California after the 1957 season. The arena’s design once included an ice skating rink and a green roof. An NBA basketball team now owned primarily by Russia's second richest man Mikhail Prokhorov, the Nets began playing at the Barclays Center arena in 2012. Formerly the New Jersey Nets, the Nets re-branded themselves when they moved to the Barclays Center. Prokhorov is an avid basketball fan, and, with 80 percent ownership in the Nets, he has become the first Russian owner of a major U.S. professional sports franchise. The deal was necessary for Ratner, who was risking losing tax-exempt financing and the Barclays naming-rights deal if he did not break ground within three months' time.
History of the New York Knicks
On September 26, 2013, the Knicks announced that they had replaced GM Glen Grunwald with former MSG president Steve Mills. On March 10, 2014, the Knicks announced that they had purchased an NBA D-League team that would play in White Plains at the start of the 2014–15 NBDL season. "Forbes" magazine released its franchise value rankings for NBA teams on January 22, listing the Knicks as the world's most valuable basketball organization at $1.4 billion, edging out the Los Angeles Lakers by $50 million. The Knicks were valued at 40% more than the third-place Chicago Bulls valuation of $1 billion, and were valued nearly twice as highly as their crosstown rivals, the Brooklyn Nets, who came in at $780 million.