Mikhail Prokhorov not selling Nets for now?

Brooklyn Nets owner Mikhail Prokhorov has ended his agreement with investment bank Evercore Partners, who he hired to explore a sale of the team, banking sources told ESPN.com on Tuesday. Prokhorov, who owns 80 percent of the team and 45 percent of Barclays Center, hired the bank in January to take offers on the heels of Steve Ballmer’s $2 billion purchase of the Los Angeles Clippers. But in recent days, the idea that the team would be sold in the very-near future didn’t seem likely.

, ,

More HoopsHype Rumors
December 1, 2015 | 10:20 pm EST Update

Get every new post delivered to your Inbox.

Join 149 other followers