BREAKING: Mikhail Prokhorov Selling The Brooklyn Nets

0 comments
 
Photo: Sergey Rodovnichenko/Flickr/Creative Commons

According to a Bloomberg News report confirmed by ESPN last night, Brooklyn Nets team owner Mikhail Prokhorov has hired a firm to sell his controlling stake in the franchise. ESPN also confirmed a Bleacher Report story citing a slump in the Russian economy as part of Prokhorov’s motivation to sell off. According to ESPN, Nets officials initially denied the Bloomberg report. The Russian billionaire purchased 80 per cent of the team in 2010 for $223 million. As is often the case in situations like this, no price tag has been formally announced. 
 
This is the second NBA team to find itself on the auction block in recent weeks. The investors behind the Atlanta Hawks announced the sale of the team earlier this month.

LEAVE A RESPONSE

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RELATED POSTS

KAT on the Mend

16 Jan 2021

  • Raptors’ Corner

  • Video Highlights

  • Facebook

  • Top Internet Presence by: BrandsWon.com

  • Twitter

  • Pick N Pod

  • Shop

  • Featured Video

    Oops, something went wrong.
  • STAY IN TOUCH!

    LATEST POSTS

    Never Been Better
    23 Jan 20210 comments
    10 Game Sample Size
    17 Jan 20210 comments
    Changing the Game
    28 Dec 20200 comments

    LATEST TWEETS

    Read all tweets

    © 2016 BallnRoll

    Web Solutions by: CO4 Computing Inc