MIKHAIL PROKHOROV NEWS

Report: Nets part ways with assistant GM Bobby Marks

The rumblings over the past few weeks have finally materialized. Brooklyn Nets assistant general manager Bobby Marks is out, according to his Twitter account (h/t to Yahoo Sports/FOX Sports 1 NBA Insider Adrian Wojnarowski):Brooklyn wasn't going to unload general manager Billy King after Mikhail Prokhorov mostly endorsed him only a month-and-a-half ago, but if the Nets were searching...
Via Fox Sports
May 26, 2015  |  Discuss

Nets end disappointing season without clear way to improve

NEW YORK (AP) Mikhail Prokhorov arrived from Russia as Nets owner in 2010, vowing a championship in five years or he would get married. Basketball season in Brooklyn is over. Time for wedding season? The Nets ended a largely disappointing 2014-15 on Friday with a 111-87 loss to the Atlanta Hawks in Game 6 of their first-round playoff series. Brooklyn fell 4-2 to the top seed in...
Via AP on Fox
May 02, 2015  |  Discuss

Net Losses: Brooklyn May Have Won, But Let’s Be Honest — This Organization Remains An Embarrassment

Winning may disguise a team’s shortcomings for a period of time, but there are instances when everyone already knows the deal. Yeah, yeah: the Brooklyn Nets beat Atlanta on Monday night to continue in their quest to move forward in the playoffs. Yet, the winning of a single game hasn’t hidden a reality most already know about them — Brooklyn was built to win “now” a few...
Via Crossover Chronicles
April 28, 2015  |  Discuss

Net Losses: Brooklyn May Have Won, But Let’s Be Honest — This Organization Remains An Embarrassment

Winning may disguise a team’s shortcomings for a period of time, but there are instances when everyone already knows the deal. Yeah, yeah: the Brooklyn Nets beat Atlanta on Monday night to continue in their quest to move forward in the playoffs. Yet, the winning of a single game hasn’t hidden a reality most already know about them — Brooklyn was built to win “now” a few...
Via Bloguin Best
April 28, 2015  |  Discuss

Mikhail Prokhorov is finally going to a Nets game

To say Brooklyn Nets owner Mikhail Prokhorov is a fair-weather fan would be incorrect. It implies that he's a fan at all. Prokhorov hasn't been in the Nets' presence since the first week of November, five whole months ago. That's the first week of the season. Now, we're a few days away from the last one. More from Stefan Bondy of the New York Daily News: The Nets have won 11 of their...
Via Fox Sports
April 08, 2015  |  Discuss

Nets Receiving Interest From Geffen, China, Qatar

The Brooklyn Nets are receiving interest in selling their franchise to parties from the United States and abroad. Chinese conglomerate Fosun and the Qatari government’s investment fund have signaled an interest in buying the Nets from Mikhail Prokhorov. David Geffen is also interested one year after he was unsuccessful in purchasing the Los Angeles Clippers. Dick Parsons, who was...
Via RealGM
March 02, 2015  |  Discuss

Nets drawing interest from China, Qatar and Hollywood: Report

It looks like Mikhail Prokhorov's five-year window for a Brooklyn Nets championship is about to close without a title, even though the Russian billionaire will still come out a big winner himself — at least financially. The Nets are for sale and there is no shortage of suitors showing interest as the free-spending Prokhorov gets ready for his own big payday. Via the New York...
Via The Other Paper
March 02, 2015  |  Discuss

Sixers CEO Predicts Nets to Sell for $1.5 Billion

The Brooklyn Nets will be the next big professional sports team sold, joining both the Los Angeles Clippers and Buffalo Bills over the past calendar year. Flush with a brand-new state of the art venue in Brooklyn, the Nets franchise should be a popular option for the richest of the rich attempting to get involved in the professional sports world. And while the team’s on-court success...
Via Sportsnaut
February 16, 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

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
January 13, 2015  |  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
January 13, 2015  |  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
January 13, 2015  |  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
January 13, 2015  |  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
January 13, 2015  |  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 Bloguin Best
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 Crossover Chronicles
December 17, 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

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

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

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

Mikhail Prokhorov on the departure of Jason Kidd: "Don't let the door hit you where the good lord split you."

"Don't let the door hit you where the good lord split you," Mikhail Prokhorov on the departure of Jason Kidd.Follow us on Twitter for exclusive stories, Subscribe by Email, or Return Home
Via Bob's Blitz
November 04, 2014  |  Discuss
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