The NY Post reports that Prokhorov will soon acquire Ratner's 20 percent of the Nets and 55 percent of the arena for roughly $100 million cash after he agrees to forgive roughly $40 million Ratner owes him to cover team losses.
Prokhorov acquired controlling interest of the team for $200 million in 2010.
Wow, that would be a steal. I know Barclays Center has a ton of debt ($640 million, says NetsDaily), and the team has been operating at a loss the last few seasons, but a lot is set to change. The Nets have stopped frivilously spending, and the Islanders are about to give Barclays Center 41 guaranteed dates for the next 25 years. Provided the team doesn't take on any more debt, Prokhorov should be able to dig out of this current hole, then cash out big when the time comes.
What this would mean for spending on the team is to be determined. However, based on the belief that Prokhorov will probably want to sell sometime in the next decade, I think it's safe to assume the Nets will be focused a lot more on youth than being significantly involved in free agency for a while.