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MIKHAIL PROKHOROV RUMORS
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...
The Brooklyn Nets Are Already For Sale
When Mikhail Prokhorov purchased the Brooklyn Nets — then, the New Jersey Nets — five years ago for $223 million, he made promises of supplanting the New York Knicks as the hot ticket in town, as well as winning a championship. Well, the Nets have supplanted the Knicks in one regard: they’re not the worst
Article found on: Next Impulse Sports
Via Next Impulse Sports
January 13, 2015
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Report: Brooklyn Nets could be for sale
Brooklyn Nets owner Mikhail Prokhorov has decided to sell the team according to Bloomberg News. Prokhorov has reportedly retained Evercore Partners to sell the franchise he acquired majority ownership of in May 2010 for $223 million. The Nets have spent exorbitant amounts of money during the Russian’s tenure as owner and lost $144 million in basketball-related business last season...
Via Crossover Chronicles
January 13, 2015
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Breaking up the Brooklyn Nets
I loved it when jet-skiing multi-billionaire Mikhail Prokhorov made his dramatic entrance into the NBA, armed with a thick wallet he wanted to make lighter. Prokhorov’s willingness to spend large on his team has been the motivation for some of the league’s most thrilling trades.
There’s the blockbuster that brought Deron Williams to Brooklyn in exchange for Derrick Favors...
Via The Sports Post
December 22, 2014
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Prokhorov Tells Adam Silver He Will "Maintain Control of Nets"
With speculation of Mikhail Prokhorov possibly wanting to sell the Nets spreading like wildfire, Prokhorov assured NBA Commissioner Adam Silver that he has every intention of remaining the owner of the Brooklyn Nets.NBA commish Adam silver said that Mikhail Prokhorov has told him directly he intends on maintaining control of Nets.— Mitchell Abramson (@nydnmabramson) November 6...
Via Nets Take Over
November 06, 2014
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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
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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...
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
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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...
Nets owner Mikhail Prokhorov to move business back to Russia
PHOTO COURTESY: NJ.COM With the annexation of Crimea being one of the biggest topics around the world and getting more complicated by the day, why would anyone want to bring their business over to Russia? Maybe if you were a Russian billionaire, you would consider such a move; and that is exactly what Nets owner Mikhail Prokhorov plans to do. Now, the next question is, what impact...
Via New York Sports-Kings
March 24, 2014
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