MIKHAIL PROKHOROV NEWS

NBA Predictions Game 1: Nets vs Celtics

As they open their 2014–15 season, the Brooklyn Nets seem to have assembled another formidable squad. This year, they come in under the more experienced and tougher leadership of head coach Lionel Hollins. Meanwhile, the Boston Celtics are hoping for improvement from the unsuccessful Brad Stevens in his second season in the NBA. Both sides are not realistic contenders for a championship...
Via The League News
2 days ago  |  Discuss

Nets GM Says Owner Isn’t Selling Team

The Russian Billionaire isn’t selling the Nets after all. Well, that’s if you believe general manager Billy King. Billy King on Mikhail Prokhorov: "He's not selling." — Stefan Bondy (@nydninternets) October 7, 2014 Prokhorov bought the team for $200 million four years ago. He would’ve been able to demand about $1.5 billion for the franchise now, but it doesn’t...
Via BlackSportsOnline
24 days ago  |  Discuss

Nets owner Mikhail Prokhorov talking to potential buyers for team?

Building an NBA championship caliber team isn’t as easy as it looks. Want proof, look at the struggling Brooklyn Nets. Majority owner Mikhail Prokhorov is reportedly listening to offer for the franchise. Prokhorov purchased the franchise in 2010 and set a five-year plan to move the team to Brooklyn and win an NBA championship by 2015. Well, in case you hadn’t realized...
Via Jocks and Stiletto Jill
28 days ago  |  Discuss

The Brooklyn Nets Are For Sale

Brooklyn Nets owner Mikhail Prokhorov has quickly gained a reputation in the NBA. In his huge thirst for a championship, the Russian tycoon has...
Via Athlon Sports
28 days ago  |  Discuss

Now valued at $1.7B, Nets Owners In Talks To Sell Team For ‘Combination Of Assets’

Here's one of those stories that'll confuse the average reader. Mikhail Prokhorov bought the Nets for $223 million in cash four years ago. In the combination of assets discussions with the Dodgers, the Nets have been valued at $1.7 billion, while the Barclays Center has been set at $1.1 billion.Prokhorov, the majority owner of the Nets, would retain control of the team if...
Via Bob's Blitz
29 days ago  |  Discuss

Report: Mikhail Prokhorov Looking To Sell Brooklyn Nets

Earlier Thursday, news broke of Brooklyn Nets owner Mikhail Prokhorov’s ongoing talks with the Guggenheim Sports and Entertainment Assets group about a possible sale of part of the team and the Barclays Center. Now, it looks like it will be something more than that. While the original NetsDaily report indicated that Prokhorov would keep a controlling stake in the team, Sports...
Via Geeks and Cleats
29 days ago  |  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
29 days ago  |  Discuss

Nets In Talks With Guggenheim On 'Combination Of Assets'

The ownership of the Brooklyn Nets are holding "ongoing discussions" with Guggenheim Sports and Entertainment Assets on a "combination of assets." Mikhail Prokhorov would remain in control of the Nets, say sources close to the discussions. In the discussions, the team is being valued at $1.7 billion and the arena at $1.1 billion, said both sources. There is no...
Via RealGM
29 days ago  |  Discuss

Jogger stumbles upon skeleton wearing Nets hat in NY park

No, really. What the hell is this. Kate Steciw was going out for a jog at Brooklyn’s Prospect Park on Wednesday when she came across a scene that would be absolutely terrifying in a horror movie and only slightly less eerie outside of one. There, standing up on a display behind a fence, was what looks like a human skeleton. Standing Up. Clothed. With a Brooklyn Nets’ hat on its...
Via Next Impulse Sports
August 07, 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

Prokhorov, Russians “done” with Jason Kidd as Nets coach

Photo Credit: AP Just a couple of hours ago, a story emerged out of nowhere that Nets coach Jason Kidd made a power play with the team, demanding a front office position. When the team declined, the Milwaukee Bucks requested and were granted permission to speak with Kidd about a position in their organization. As the story unfolds throughout the night, another detail has emerged...
Via New York Sports-Kings
June 29, 2014  |  Discuss

Brooklyn Nets Looking To Trade Into First Round Of NBA Draft

Photo Credit: Brooklynfans.com If there is one thing we have learned about the Brooklyn Nets under Mikhail Prokhorov’s ownership, they aren’t afraid to spend some money and be aggressive. For that reason, it comes as no surprise that the Nets, who don’t own a first round pick thanks to their blockbuster deal with the Boston Celtics on draft night last season, are looking to...
Via New York Sports-Kings
June 18, 2014  |  Discuss

Brooklyn Nets Owner Interested In Listening To Offers For Team

With the $2 billion price tag the Clippers served up on the open market recently, you can bet a few owners are thinking about what number their own franchise might vet if they were to sell. Brooklyn Nets owner Mikhail Prokhorov is said to be listening to offers. “Just listening so far,” a league official with direct knowledge told Yahoo Sports. “They haven’t indicated...
Via Jocks and Stiletto Jill
June 15, 2014  |  Discuss

Brooklyn Nets: Mikhail Prokhorov Listening to Offers to Sell Team

Donald Sterling is a racist bigot, but the whole situation regarding his racist remarks only fattened his wallet. The NBA forced Sterling to sell the team, and the top bid was $2-billion dollars. Considering the fact he bought the team in 1981 for $12-million, that’s a ridiculous profit. His profit from that has other NBA owners thinking about selling now as well. Brooklyn Nets...
Via Standing O Sports
June 14, 2014  |  Discuss

Brooklyn Nets Owner Mikhail Prokhorov Listening To Offers For Team

Photo Credit: AP When Steve Ballmer purchased the Los Angeles Clippers for $2 billion from Donald Sterling, it sent a clear message to other owners in the NBA: the market for NBA franchises may be at an all-time high. Brooklyn Nets owner Mikhail Prokhorov may be looking to capitalize quickly on that fact. Prokhorov, who purchased the Nets in 2010 for $223 million, is reportedly listening...
Via New York Sports-Kings
June 14, 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...
Via RealGM
June 14, 2014  |  Discuss

Report: Mikhail Prokhorov Listening To Offers For Nets

The Sterling family’s sell of the Clippers for $2 billion seems to have some NBA owners interested in knowing the value of their franchises. Adrian Wojnarowski of Yahoo Sports is reporting that Brooklyn Nets owner Mikhail Prokhorov has started to listen to offers for the Nets from prospective buyers. “Just listening so far,” a league official with direct knowledge told Yahoo...
Via Thacover2
June 14, 2014  |  Discuss

Report: Mikhail Prokhorov Listening To Offers For Nets

The Sterling family’s sell of the Clippers for $2 billion seems to have some NBA owners interested in knowing the value of their franchises. Adrian Wojnarowski of Yahoo Sports is reporting that Brooklyn Nets owner Mikhail Prokhorov has started to listen to offers for the Nets from prospective buyers. “Just listening so far,” a league official with direct knowledge told Yahoo...
Via BlackSportsOnline
June 14, 2014  |  Discuss

Prokhorov: Nets Clawed Back Into Contention After Difficult Start

Mikhail Prokhorov released a statement of support following the Brooklyn Nets' elimination in the second round of the NBA Playoffs. "I'd like to thank Nets management and players for all their efforts over the course of this crazy season. Despite roster changes, injuries and a difficult start, you clawed us back into contention. It made for a thrilling spring. And to...
Via RealGM
May 15, 2014  |  Discuss

Nets.com Redirects to Heat.com

  All season long, Nets.com has redirected to something other than the latest news and stats for the Brooklyn Nets. At one point, the site referenced Mikhail Prokhorov’s war of words with Mark Cuban, then Mikhail Prokhorov’s prostitution scandal. At one point it was sending people to vote for Knicks players in the All-Star game. Now it it presently redirecting people to Heat...
Via BlackSportsOnline
May 05, 2014  |  Discuss

Watch out for the surging Brooklyn Nets

(Credit: ESPN) When Jay Z, Mikhail Prokhorov and company moved the Nets to Brooklyn, they promised to make the Nets contenders. They rebranded and provided a spark the team wasn’t able to muster in New Jersey. They finished fourth in the Eastern Conference in their first season, improved the roster in the offseason to try to make a postseason run, and hired Jason Kidd to be their...
Via Pass The Pill
March 30, 2014  |  Discuss

Nets Not In Process Of Becoming Russian-Based

Mikhail Prokhorov backed away from his claim that the NBA had given him permission to make the Brooklyn Nets a Russian-based company without admitting that he had ever made it. His company, Onexim Sports and Entertainment, issued a statement that described how during preliminary discussions with the NBA in the spring of 2013, the league “indicated its willingness to work with us...
Via RealGM
March 26, 2014  |  Discuss

Nets Owner Says Team Will Be Run According To Russian Law

The Brooklyn Nets majority owner, Russian billionaire Mikhail Prokhorov, recently announced his plans to move his businesses to his native county…including the basketball club. “A Russian company will own the basketball club,” Prokhorov said Monday, according to the Reuters news agency. “This (move) does not violate any NBA rules and I will bring it (under Russian jurisdiction...
Via BlackSportsOnline
March 25, 2014  |  Discuss

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  |  2 Comments

Mikhail Prokhorov Still Eyeing a Title

Photo via Getty ImagesThe Brooklyn Nets' slow start has not stopped majority owner Mikhail Prokhorov from setting his eye on an NBA championship.Though he's only showed up at two games this season, it's hard to deny that Prokhorov is dedicated to this team's success. He's shelling out $190 million this season alone in player salary and luxury tax – that'...
Via Nets Take Over
January 18, 2014  |  Discuss
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