The National Basketball Association's Board of Governors unanimously approved the relocation of the Nets to Brooklyn on Friday.
The new 18,200-seat Barclays Center on Atlantic and Flatbush Avenues will host the Brooklyn Nets at the start of the 2012-13 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."
It will be the eighth arena the franchise has called home, following the Teaneck Armory, Long Island Arena, Island Garden, Nassau Coliseum, Rutgers Athletic Center, the former Brendan Byrne Arena, and Prudential Center.