MIKHAIL PROKHOROV NEWS

Brooklyn Nets are now for sale; valued at $780M

The Brooklyn Nets are officially on the market. So if you’ve got $780,000,000 that’s just burning a whole in your pocket, time to act. According to a Forbes evaluation a year ago, that’s what the Nets are currently worth.  Bloomberg’s Scott Soshnick was the very first to report that the Brooklyn Nets are for sale and that Russian billionaire Mikhail Prokhorov has retained...
Via The Sports Bank
15 days ago  |  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
16 days ago  |  Discuss

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
16 days ago  |  Discuss

Nets owner open to offers to sell team, but 'nothing 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 in terms of a sale of any stake in...
Via AP on Fox
16 days ago  |  Discuss

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 Bloguin Best
16 days ago  |  Discuss

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
16 days ago  |  Discuss

Nets open to offers, but say no sale of the team is imminent

EAST RUTHERFORD, N.J. (AP) A spokesperson for Mikhail Prokhorov says the Nets owner is open to offers for the team but that no sale is imminent. Bloomberg News, citing two people with direct knowledge of the matter, reported Tuesday that Prokhorov had retained Evercore Partners to sell the team. Prokhorov, a Russian billionaire who bought 80 percent of the team in 2010, said earlier...
Via AP on Fox
16 days ago  |  Discuss

Brooklyn Nets are officially for sale; got $780M?

The Brooklyn Nets are officially on the market. So if you’ve got $780,000,000 that’s just burning a whole in your pocket, time to act. According to a Forbes evaluation a year ago, that’s what the Nets are currently worth.  Bloomberg’s Scott Soshnick was the very first to report that the Brooklyn Nets are for sale and that Russian billionaire Mikhail Prokhorov has retained...
Via The Sports Bank
16 days ago  |  Discuss

Nets owner Mikhail Prokhorov Reportedly Looking to sell the team

Brooklyn Nets owner Mikhail Prokhorov is reportedly looking to sell the franchise. According to Scott Soshnick of Bloomberg News, Prokhorov has retained the services of a banking firm to explore the possibility of selling the Nets: Russian billionaire Mikhail Prokhorov retained Evercore Partners (EVR) to sell the National Basketball Association team he bought in 2010, according...
Via Thacover2
16 days ago  |  Discuss

Nets Put Up For Sale By Mikhail Prokhorov

The Brooklyn Nets are up for sale by Mikhail Prokhorov. Prokhorov has hired Evercore to help with the sale of the team. Prokhorov, 49, the first foreign owner of an NBA team, holds 80 percent of the club and 45 percent of the Barclays Center. Valuations expert Peter Schwartz said the Nets are worth about $1.3 billion. “The fever of a trophy asset goes beyond financial analysis...
Via RealGM
16 days ago  |  Discuss

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  |  Discuss

Rain Delay in the NBA?

Last night marked a special time in NBA history, the first ever rain delay in an NBA game. A leak from the Barclay’s Center delayed the Heat – Nets game for over 30 minutes. The problem was addressed over the Barclay Center’s official Twitter page. Tonight’s delay was caused by a water leak due to the installation of our new green roof. We’ve taken all necessary steps...
Via Crossover Chronicles
December 17, 2014  |  Discuss

Rain Delay in the NBA?

Last night marked a special time in NBA history, the first ever rain delay in an NBA game. A leak from the Barclay’s Center delayed the Heat – Nets game for over 30 minutes. The problem was addressed over the Barclay Center’s official Twitter page. Tonight’s delay was caused by a water leak due to the installation of our new green roof. We’ve taken all necessary steps...
Via Bloguin Best
December 17, 2014  |  Discuss

Bucks-Nets Preview

There's no word on whether Brooklyn Nets billionaire owner Mikhail Prokhorov will be in attendance Wednesday night. The person who can currently be regarded as his franchise's biggest current enemy, Jason Kidd, will undoubtedly be the object of scorn in his return to the borough as Milwaukee Bucks coach. Kidd and the Bucks arrive in Brooklyn looking to hand the stumbling Nets a fifth...
Via AP on Fox
November 19, 2014  |  Discuss

Hulk Hogan tries to pump up Warriors crowd, fails

WWE legend Hulk Hogan tried his best to pump up the Golden State Warriors crowd before a game Thursday night against the Brooklyn Nets, but the crowd just wasn't having it and the result is a somewhat awkward video in which poor Hulk only draws a few claps before a mostly indifferent crowd. "This is going to be a war of epic proportions" Hulk said about the game. Problem is, the...
Via Fox Sports
November 14, 2014  |  Discuss

Milwaukee Bucks ‘Jason Buck’ Tee

Here’s the beautiful irony of this great Milwaukee Bucks t-shirt designed by Elliot Gerard. Just about any Jason Kidd supporter and hater will love it equally. Since Billy King, Mikhail Prokhorov, and Larry Drew can’t actually mount Kidd’s head above their respective fireplaces. This tee would probably be the next best thing. Cop one over at Rally Sports. The post Milwaukee...
Via Hooped Up
November 13, 2014  |  Discuss

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  |  Discuss

NBA commissioner Adam Silver responds to the Kidd/Prokhorov feud

NBA commissioner Adam Silver chimed in on the recent Jason Kidd and Mikhail Prokhorov feud. In recent weeks the war of words has escalated to the point where Milwaukee Bucks coach Jason Kidd even challenged Prokhorov to a game of 1-on-1. Kidd responded with that statement after Prokhorov bluntly said “Don’t let the door hit you where the good Lord split you.” Well, Silver...
Via Pass The Pill
November 06, 2014  |  Discuss

Jason Kidd Challenges Nets owner Mikhail Prokhorov to a Game of 1-on-1

There is absolutely no love lost between Brooklyn Nets owner Mikhail Prokhorov and former Nets coach Jason Kidd. At the Nets home opener on Tuesday, Prokhorov took at a shot at his former coach by saying: “There is a nice proverb in English,” Prokhorov said. “Don’t let the door hit you where the Good Lord has split you…. I think we shouldn’t get mad, I think we should...
Via Standing O Sports
November 05, 2014  |  Discuss

Jason Kidd responds to Prokhorov burn, challenges owner to 1-on-1 game

Former Brooklyn Nets and current Milwaukee Bucks head coach Jason Kidd mostly took the high road in response to Nets owner Mikhail Prokhorov's harsh words about Kidd's departure from the team, but Kidd couldn't resist pulling his trump card: his basketball abilities. Prokhorov made some colorful comments on Monday about Kidd (and George Clooney, and his vast sums of money), chief...
Via Fox Sports
November 04, 2014  |  Discuss

Timberwolves-Nets Preview

Owner Mikhail Prokhorov stole the show at the Brooklyn Nets' home opener, finally directing comments toward former coach Jason Kidd. New coach Lionel Hollins, though, seems to be doing just fine. He and the Nets look for their third straight win Wednesday night against the Minnesota Timberwolves. Hollins has taken over after Brooklyn (2-1) wouldn't give Kidd more power within the...
Via AP on Fox
November 04, 2014  |  Discuss

Kidd responds to Nets owner, challenges him to game of 1-on-1

Brooklyn Nets owner Mikhail Prokhorov is out for revenge against former coach Jason Kidd. The billionaire Russian owner hasn’t let the past go as he recently took a jab at Kidd saying, “Don’t let the door hit you where the good Lord split you.” Well, Kidd has since responded to his former boss and did so while challenging the 6’8 owner to a game of 1-on-1.   More...
Via Pass The Pill
November 04, 2014  |  Discuss

Prokhorov Willing To Sell Part Of Nets But Won't Give Up Ownership Control

Mikhail Prokhorov isn't actively shopping his stake in the Brooklyn Nets, but he says he will listen to offers. Prokhorov spoke to reporters on Monday for the first time since January. “My position is that I will not give up control of the team,” he said. “But you know, I am quite happy when somebody sending me a nice offer without taking my control of team. “I think, for...
Via RealGM
November 04, 2014  |  Discuss

Craig Carton fires back: Mocks Mike Francesa's ratings (as Mikhail Prokhorov)

Mike Francesa lectured Boomer & Carton yesterday, "One time, one day, if they stick to their work, you know, do their homework and, you know, cross their T's and dot their I's, sometime down the road maybe, maybe you know, they'll get the top spot."Today Craig Carton fired back at Mike's worse than Joe & Evan's ratings. As Mikhail Prokhorov.Follow us on Twitter for exclusive...
Via Bob's Blitz
November 04, 2014  |  Discuss

Nets Owner Mikhail Prokhorov Vows To Get Even With Jason Kidd — On The Court

In hindsight, it takes a lot of, um, basketballs, to do what Jason Kidd did this past summer. Kidd, after completing just one season as Brooklyn Nets  head coach, ultimately decided he no longer wanted to be in Brooklyn. The club eventually acquiesced, trading Kidd to the Milwaukee Bucks for a pair of draft picks. Kidd had to know that sort of decision might upset Nets owner Mikhail...
Via NESN.com
November 04, 2014  |  Discuss
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