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.
Brooklyn Nets
After a lengthy ownership of the franchise and numerous attempts to improve the financial situation of the team, the "Secaucus Seven" finally sold the team in 1998 to a group of local real estate developers led by Raymond Chambers and Lewis Katz, who called themselves the "Community Youth Organization" and wanted to move the team to Newark, New Jersey. The next year the group signed an agreement with New York Yankees owner George Steinbrenner to form YankeeNets, a holding company that owned the two teams, and later also the New Jersey Devils, and increase leverage in future broadcast contracts by negotiating together. After receiving offers from numerous broadcast partners, including what was then their current rights holder Cablevision, YankeeNets decided to launch its own regional sports television called the YES Network.