HoopsHype Mikhail Prokhorov rumors

October 7, 2014 Updates
October 6, 2014 Updates
October 4, 2014 Updates

A source close to Nets owner Mikhail Prokhorov screamed “Nyet!” on whether the Russian billionaire would surrender majority control of the team in Brooklyn. “He’s not a seller,” the source familiar with Prokhorov’s thinking told the Daily News on Friday. “He wants the Nets and he loves the Nets and he wants to be controlling owner. This is something that he really enjoys.” New York Daily News

The source described the meeting — which Nets minority owner Bruce Ratner and chief executive officer Brett Yormark also attended — as “exploratory” in nature. The source said Prokhorov held the meeting to look into ways to expand his sports and entertainment portfolio, which, along with the Nets, includes Barclays Center, Nassau Coliseum and the sales and marketing operations of the Islanders. The source said that any deal that is made with another group would be a “merger and not a sale” and that nothing is imminent. New York Daily News

Los Angeles Dodgers controlling owner Mark Walter confirmed his Guggenheim group is interested in acquiring a piece of the Brooklyn Nets. "We're going ahead hopefully. I haven't seen any numbers on it. I think it's a great franchise," Walter said. "I haven't heard that it is signed.'' USA Today Sports

October 2, 2014 Updates

Tim Bontemps: Re: these tweets from @Ramona Shelburne quoting Mark Walter -- I don't believe Walter would have to sell Dodgers for Guggenheim to buy Nets. And the Nets and Guggenheim have definitely had discussions about some kind of deal, per multiple sources. But there's lots of moving parts. Twitter @TimBontemps

The first source emphasized that Prokhorov would continue to control the team as "governor and controlling owner" of the team "for the foreseeable future." Prokhorov currently owns 80 percent of the team and 45 percent of the arena, with Ratner's Nets Sports & Entertainment owning the remaining share of the team and the majority share in the arena. NetsDaily

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