MIKHAIL PROKHOROV NEWS

Having settled in with Celtics, Kris Humphries may want to stick around

The trip was exhausting and, for Kris Humphries, depressing. Mikhail Prokhorov bought the New Jersey Nets, and as a kickoff to the 2010 exhibition season, the oligarch owner flew his new team to Moscow for practice. Games in Beijing and Shanghai followed. And Humphries was buried. The Nets had traded for Troy Murphy, drafted Derrick Favors, and even added the antiquarian Joe Smith...
Via Pro Sports Daily
8 days ago  |  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
18 days ago  |  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
22 days ago  |  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
23 days ago  |  Discuss

Brooklyn Nets ownership headed to Russia?

Could Brooklyn Nets stars such as Brook Lopez, Joe Johnson, Deron Williams and Paul Pierce wind up playing for a team that’s actually headquartered in Russia? Nets owner Mikhail Prokhorov said he planned to relocate his company that runs the Nets to Russia, in keeping with the Kremlin’s call on Russian businessmen to repatriate their assets to help combat new U.S sanctions.    
Via Intrigue Sports
24 days ago  |  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
24 days ago  |  2 Comments

Nets owner to move company to Russia, hasn’t told NBA

Nets owner Mikhail Prokhorov said on Monday he planned to relocate his company that runs the Brooklyn Nets basketball team to Russia, in keeping with the Kremlin’s call on Russian businessmen to repatriate their assets to help combat new US sanctions. The United States and European Union have imposed visa bans and asset freezes on officials and businessmen believed to be close...
Via Pro Sports Daily
24 days ago  |  Discuss

Brooklyn Nets: Strong Play No More Then a Distraction

Mikhail Prokhorov’s five-year plan hasn’t panned out so far for the Nets (via Business Insider) After acquiring Paul Pierce and Kevin Garnett over the Summer, it was clear the Brooklyn Nets were being built to win now. While Brooklyn has clawed their way back to respectability in 2014, they’re still a long way from reaching their championship goal.  With a win against Utah...
Via Grandstand University
February 22, 2014  |  Discuss

Nets owner Mikhail Prokhorov OKs deal for Jordan Hill

The Nets completed the first trade of deadline week, landing guard Marcus Thornton, and could be close to making another move, bringing in Lakers big man Jordan Hill. Yahoo! Sports first reported the Nets’ interest in Hill, but sources told Sporting News that Nets owner Mikhail Prokhorov gave the green light on Wednesday afternoon to a trade that would bring Hill—who was drafted...
Via Pro Sports Daily
February 19, 2014  |  Discuss

Brooklyn Nets Trading Further into the Luxury Tax

Luxury tax…. Mikhail Prokhorov doesn’t care about no stinking luxury tax Prokhorov loves to spend money…in a time when most owners and general managers looks to get themselves under the luxury tax the Nets have managed to find a way to owe more. The Nets and Kings have agreed in principle to a trade that will send Marcus Thornton to Brooklyn in exchange for Jason Terry and...
Via Overtime
February 19, 2014  |  Discuss

Mark Cuban: Shot at Prokhorov?

Mark Cuban doesn't think an NBA owner can run a franchise from the other side of the world, only dropping in on special occasions. "Absolutely not," the Dallas Mavericks' billionaire owner said. While Cuban was not asked specifically about Mikhail Prokhorov, the Brooklyn Nets' billionaire owner does just that from his native Russia. "Hypothetically speaking...
Via Pro Sports Daily
January 26, 2014  |  Discuss

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

Jason Kidd told Nets owner that he didn’t know he had critics

Jason Kidd reportedly told Brooklyn Nets owner Mikhail Prokhorov that he didn't know he had any critics.
Via Gamedayr
January 16, 2014  |  Discuss

Mikhail Prokhorov compares Reggie Evans to Soviet tank

Over the years, current Brooklyn Nets forward Reggie Evans has been compared to many things and the latest comparison has come from Nets owner Mikhail Prokhorov. Check out the below tweet from ESPN New York’s Mike Mazzeo where Mikhail compares the bruising forward to military device: Got video of Prokhorov from @markbritball: He says of Reggie Evans, "He is like a Soviet Tank...
Via That NBA Lottery Pick
January 16, 2014  |  Discuss

Prokhorov's Right Hand Man: Who is Sergey Kuschenko?

Photo from Wikimedia CommonsMikhail Prokhorov may be a self-made billionaire and a blooming sports mogul, but you just don't get to that status by yourself. Enter Sergey Kuschenko, Prokhorov's top sports advisor and right-hand man.While Prokhorov has been uncharacteristically quiet and largely absent from the Brooklyn Nets' 2013-14 season, Kuschenko appears to be taking...
Via Nets Take Over
January 16, 2014  |  Discuss

Prokhorov will see a different Nets team in London

When Mikhail Prokhorov last saw his Nets play in person, back on Nov. 1 in the team’s win over the Heat in its home-opener, he said his new slogan for the Nets was “Aiming for Amazing.” Assuming Prokhorov takes in his second Nets game Thursday in O2 Arena, where the Nets will face the Hawks, he’ll be watching a team that’s now “Aiming for Acceptable.” Much has happened...
Via Pro Sports Daily
January 14, 2014  |  Discuss

This Video Perfectly Sums Up The 2013-14 Brooklyn Nets (So Far)

This year’s version of the Brooklyn Nets is costing Russian owner Mikhail Prokhorov roughly 8 kajillion dollars in luxury tax penalties, and what has it gotten him? A 3-7 record, Kevin Garnett’s corpse, and Jason Kidd — which is really just a fancy name for “Lawrence Frank’s Puppet”. In the final minute of an embarrassing home loss to the (surprisingly 9-2) Portland Trailblazers...
Via Next Impulse Sports
November 19, 2013  |  Discuss

Mikhail Prokhorov says 5-year-championship plan based on Vladimir Lenin’s plan

It’s not often that we get to talk about Russian revolution Vladimir Lenin on this website but when his spirit is invoked by current Brooklyn Nets owner Mikhail Prokhorov, it needs to be known why. Recently, Mikhail spoke with Yes Network’s Sarah Kustok about his team’s current state and she asked him where he came up with the five-year championship plan which is how Mr. Lenin...
Via That NBA Lottery Pick
November 05, 2013  |  Discuss

Mikhail Prokhorov says luxury tax wasn't concern during offseason

The Nets' outspoken owner doesn't exactly care about luxury tax bills. Asked during an in-game interview Friday whether he ever considered the luxury tax implications of his team's trade for Kevin Garnett and Paul Pierce, Brooklyn Nets owner Mikhail Prokhorov laughed while responding, "Heck no." During Brooklyn's game against the Heat, Prokhorov sat down...
Via Pro Sports Daily
November 02, 2013  |  Discuss

This Nets team is deep — scary deep

Nets owner Mikhail Prokhorov arrived at his team’s home opener Friday night in Brooklyn armed with a new catch-phrase: “Aiming for Amazing.” It’s unclear whether the Russian billionaire was aware “Amazing” is already associated in these parts with a certain baseball team in Queens that hasn’t been so amazing in recent years. Nonetheless, you get the idea Prokhorov...
Via Pro Sports Daily
November 02, 2013  |  Discuss

Nets owner Prokhorov was all in on Celts deal

When Nets general manager Billy King alerted owner Mikhail Prokhorov the team could potentially get both Paul Pierce and Kevin Garnett in a trade with the Celtics, Prokhorov’s response was swift. “Hell yes,” Prokhorov said with a smile in an interview with the YES Network that aired at halftime of the Nets’ 101-100 victory over the Heat in Brooklyn on Friday night. In acquiring...
Via Pro Sports Daily
November 02, 2013  |  Discuss

Dolan, Prokhorov had NBA-ordered sit-down

Play nice guys. That essentially was the directive given to owners James Dolan of the Knicks and Mikhail Prokhorov of the Nets this past season during a meeting orchestrated by NBA Commissioner David Stern who wanted to snuff any lingering tension between the two and prevent a full-blown feud multiple league sources told The Post. “There was such a meeting and the parties both...
Via Pro Sports Daily
August 27, 2013  |  Discuss

Brooklyn Nets’ Luxury Tax Bill set to Be $87 Million

I keep saying it and I will say it again. One of the most underrated things in sports is having an owner willing to spend whatever is necessary to win a championship. After the moves the Brooklyn Nets pulled off this summer, I would say owner Mikhail Prokhorov certainly falls into that category. After adding Alan Anderson for the league minimum, the Nets are scheduled to have a team...
Via BlackSportsOnline
August 02, 2013  |  Discuss

Mikhail Prokhorov Continues To Give Zero Damns About His Luxury Tax Bill

This week, the Brooklyn Nets signed Alan Anderson, a journeyman guard/forward who has spent half of his pro career bouncing around various European leagues. His contract is a paltry $947,907, but because it nudges their total payroll to $30,463,009 over the tax threshold, owner Mikhail Prokhorov is now stuck with a tax bill of $87,199,293 — down from the previous (and, in hindsight...
Via Next Impulse Sports
August 01, 2013  |  Discuss

Prokhorov Willing To Pay Record Luxury Tax Bill For Shot At Championship

Mikhail Prokhorov explained his willingness to shell out more than $100 million in player salaries for next season – a number that will trigger an NBA-record luxury tax bill of about $80 million. “When I bought the team, I promised to create a championship contender, a team worthy of Brooklyn,” said Prokhorov. “I’ll be proud when we win the championship. I am not a man...
Via RealGM
July 19, 2013  |  Discuss

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