It was reported last week that Ratner had a deadline to square away with Prokhorov by the end of the week. If he is unable to do so by his new extension date he is in danger of losing a significant portion of his share (Aug. 8).
According to a report in the Atlantic Yards/Pacific Park Report, Ratner's parent company -- Forest City Ratner -- had until August 12 to pay Prokhorov more than $25 million in outstanding debt, and $6.3 million to cover current team losses.
Now, if Ratner doesn't pay up by September 8, his 20 percent stake in the team could be significantly reduced.
The report says that Ratner owes Prokhorov the money for failing to cover any losses the Nets have incurred since moving to Brooklyn. The deadline has been extended once already.
Last year, Ratner explored selling his 20 percent stake in the team. When he couldn't find a suitor, he put his portion of Barclays Center on the market. Prokhorov was rumored to have interest in both.