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.
May 22, 2017 | 10:06 pm EDT Update
Kentucky “none-and-done” Hamidou Diallo will likely go up against Wednesday’s deadline before deciding his immediate future. “It’s going to the wire on Wednesday,” a source told ZAGSBLOG. “A decision could be made before Wednesday but right now it’s looking like Wednesday.”
Meantime, the Nets, Miami Heat and Utah Jazz have reached out in recent days to Diallo’s AAU coach, Andy Borman of the NY Rens. The Jazz have two first-round and two second-round picks, while the Heat pick at 14.
Brooklyn Sports & Entertainment, Mikhail Prokhorov’s holding company, announced Monday that renovation of the Paramount Theatre, Brooklyn’s Jazz Age jewel, is set to begin this fall, with an anticipated opening before 2019.
The Paramount, at the northeast corner of Flatbush and DeKalb Avenues on the LIU campus, is a few blocks from Barclays Center. Events at the theatre will feature music, comedy, boxing, and more. The venue will have a capacity of up to 3,000. The flexible seating configuration will accommodate primarily general admission-style setups, with the opportunity to also do seated floor events. The venue will open loge level seating, and will feature premium VIP areas.