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MIKHAIL PROKHOROV RUMORS

Prokhorov Nearing Deal To Become Sole Owner Of Nets, Barclays Center

Mikhail Prokhorov is nearing a deal to buy Brett Ratner's share of the Brooklyn Nets and Barclays Center. Prokhorov has been in talks to buy the 55 percent of the arena and 20 percent of the NBA team he does not already own. Selling the sports interests would make it easier for Ratner's Forest City to pull off a complicated conversion to a tax-advantaged real estate investment...
Via RealGM
1 day ago  |  Discuss

The Cost of Winning: Does Payroll Translate to Prosperity?

There's a lot of variance when it comes to the ways NBA owners run their teams. Some owners (like Mikhail Prokhorov of Brooklyn) with a net worth of ~$10B spend whatever it takes to win (whether their team's actually winning or not) while the prior Maloof brothers' ownership of the Sacramento Kings were so desperate to spend less that they were trading players for straight cash...
Via The Sports Quotient
26 days ago  |  Discuss

Mikhail Prokhorov leaves video message for Nets fans on team website

Mikhail Prokhorov doesn't talk publicly about the Nets often, so when he does, people listen.The Brooklyn owner left a video message on the team's website Tuesday, though, explaining some thoughts on the offseason and the results of his broken marriage promise that he made upon purchasing the team five years ago.Click here to watch the video. Here is a transcription of it, courtesy...
Via Fox Sports
July 28, 2015  |  Discuss

Nets Owner Mikhail Prokhorov Taking Offers; Sale Of Team Not Imminent

EAST RUTHERFORD, N.J. — Mikhail Prokhorov is still open to offers for the Brooklyn Nets, but a spokesperson for the Russian billionaire said Tuesday no sale is imminent. “As we have said for many months, ownership is always open to listening to offers — that’s just good business,” Ellen Pinchuk said in a statement. “There is nothing imminent...
Via NESN.com
January 13, 2015  |  Discuss

WATCH: Nets owner tosses epic quote at Jason Kidd

a href=”http://larrybrownsports.com/wp-content/uploads/2012/08/Mikhail-Prokhorov-Nets.jpg”>Mikhail Prokhorov may be Russian, but that hasn’t stopped him from picking up on a few American sayings. In fact, he dropped one perfect one when talking about Jason Kidd. Prokhorov was in the house on Monday for his Nets’ home opener against the Oklahoma City Thunder and spoke for...
Via Larry Brown Sports
November 03, 2014  |  Discuss

Are the Brooklyn Nets for sale?

The ownership groups of the Brooklyn Nets and the Los Angeles Dodgers are in “ongoing discussions” for a “combination of assets,” according to NetsDaily. Mikhail Prokhorov, majority owner of the Nets, would retain control of the team if the deal goes through with the Dodgers’ ownership group, Guggenheim Sports. Prokhorov would also be able to parlay some of his assets into...
Via NESN.com
October 02, 2014  |  Discuss

Nets set to pay record luxury tax bill for 2013-14 season

The Brooklyn Nets and owner Mikhail Prokhorov have never been shy about spending money, but this is a little crazy. On Wednesday the NBA released its audit of teams ahead of the start of the new fiscal year (which starts at midnight) and the Nets will pay a ridiculous, record luxury bill. According to Brian Windhorst, the Nets owe $90.57 million in luxury taxes for the 2013-14 season...
Via Rumors and Rants
July 09, 2014  |  Discuss

Report: Mikhail Prokhorov listening to offers for Nets

Mikhail Prokhorov has been listening to offers for the Brooklyn Nets following the sale of the Los Angeles Clippers for $2 billion. "Just listening so far," a league official with direct knowledge told Yahoo Sports. "They haven't indicated a desire or willingness to sell. …Nothing was initiated by [Prokhorov]." Prokhorov has been curious how much his stake in the Nets and Barclays...
Via RealGM
June 14, 2014  |  Discuss
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