NBA BOARD OF GOVERNORS FORMALLY APPROVES NETS RELOCATION TO BARCLAYS CENTER IN BROOKLYN

BROOKLYN, NY – The NBA Board of Governors today unanimously approved the relocation of the Nets to Barclays Center in Brooklyn. The vote by the NBA teams was held at the NBA Board of Governors meeting in Manhattan.

The Brooklyn Nets will move to the new 18,200-seat Barclays Center on Atlantic and Flatbush avenues for the start of the 2012-13 NBA season.

Nets principal owner Mikhail Prokhorov and Barclays Center developer and majority owner Bruce Ratner issued the following joint statement:

“We would like to express our heartfelt thanks to David Stern and the NBA team owners for their role in making the Nets’ move to Brooklyn a reality. Barclays Center will give the Nets a state-of-the-art new home and, together, we will give Brooklyn the great sports and entertainment experience it so deserves. We are looking forward to the opening of Barclays Center on September 28 and to the start of the next NBA season as the Brooklyn Nets.”