HoopsHype Mikhail Prokhorov rumors

January 16, 2014 Updates

It isn't like the old days, he joked, when he'd have to wait for the game videos to arrive by carrier pigeon to make his own evaluations. "Frankly speaking, there's a lot of criticism that I am not in Brooklyn," he noted. "But, I just have a question for you: Do you really think you need to be sitting in the arena to see a game? "My friends, we are living in the 21st century. And, in spite of the fact I have no computer, I still have a subscription for the NBA games and for me, it's like enough to even have a look on the stats so you can understand what is going on." ESPN.com

In recent months, however, it appears the dynamics have begun to shift, with Sergei Kushchenko — a longtime Prokhorov associate and his top sports advisor — gradually becoming a bigger presence around the franchise. Meanwhile, Dmitry Razumov — the CEO of ONEXIM Group, Prokhorov’s investment vehicle — has receded into the background. Up until now, Prokhorov’s point man with regards to the Nets had been Razumov. Whenever the Nets had a big decision to make, Razumov always was involved. He was often cited by the front office for his role in various moves, including helping convince Deron Williams to re-sign with the team in July 2012. New York Post

Kushchenko’s appearances around the team have come even as he’s in the midst of preparing for next month’s Olympics in Sochi, Russia. When asked if his role within the Nets organization would grow after the Olympics, his response was short. “Let’s wait for Sochi first,” he said. His résumé within the game is an impressive one. Kushchenko spent seven years with Ural-Great, building the club from an expansion franchise in the Russian Super League to one that claimed the league championship in 2001 and 2002 — becoming the only team besides CSKA Moscow to win the Russian Super League title in the last 22 years. New York Post

January 7, 2014 Updates

Amid accusations he’s been an absentee owner during the Brooklyn Nets’ disappointing season, Russian billionaire boss Mikhail Prokhorov has been partying it up with a phalanx of beautiful women in the French Alps. Prokhorov was spotted in the tony resort town of Courchevel with friends and an attractive entourage. A spy told Page Six that the NBA owner arrived at Le Comptoir de L’Apogée — known for its fireside Champagne Lounge and famous “ham-aging cellar” — to take over a private room Saturday night as the restaurant closed to its regular, rich customers. “Twenty girls preceded him, and he then entered alone,” said a spy, who added that Prokhorov arrived in a black Mercedes and wore a beige turtleneck while the girls were “dressed to thrill.” The restaurant officially closed at 10:30 p.m., but it stayed open for his party with a private DJ and decor of white flowers and candles.” New York Post

December 23, 2013 Updates
December 9, 2013 Updates
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November 22, 2013 Updates
November 21, 2013 Updates

The word from the Nets is that Kidd’s job is not in danger. They invested too much into the idea of him as the long-term answer. Still, Russian ownership — which developed a reputation for impatience after firing Avery Johnson 28 games into last season — hasn’t made a peep since Mikhail Prokhorov attended a victory over Miami on Nov. 1. New York Daily News

November 8, 2013 Updates

On CBS This Morning, Charlie Rose asked Mikhail Prokhorov about his promise to get married if the Nets don't win a championship by 2015, the Nets owner smiled and said, "it was a joke." Asked an obvious follow-up, does that meant he was backing down from his five year play, Prokhorov said "no, its just that for the time being, I am not looking for a wife." NetsDaily

One place where he disagreed with Putin, but not by name, was the case of Edward Snowden, the NSA spy who is living in Moscow after Putin granted him asylum. "I think its a great testimony for me that relations between the countries are far from adequate< said Prokhorov. "The majority fo Russians, we think he was really a traitor. because in Russia we have a very special history, Russian history. And we have a very strong belief about loyalty. If you're working for an organization, especially NSA, you don't go out and spill all the secrets." Would he have granted asylum, "My position? never." NetsDaily

November 2, 2013 Updates

Can you first take us back to the summer? What went through your mind when you were first presented with the idea of Jason Kidd being a possible head coaching candidate? Mikhail Prokhorov: I opposed, and then, a little light bulb went on and said "What an amazing idea," because I have been thinking about someone which could be much more different from the traditional point of coach, just with his own visions of the game. We need somebody really very tough with great desire to win because, you know, in the NBA, there are players that will have maybe nine broken fingers out of ten who will still be fighting, so Jason Kidd is one of these guys. That is what we need. NetsDaily

Was the fact that these moves would put you so far over the luxury tax ever a concern for you? Mikhail Prokhorov: (shaking head) Heck no. (laughs) SK: For you, why is pursuing a Championship so very important? Mikhail Prokhorov: Then what I am doing here? So, because I don't go halfway on anything. I'll go to the end. I'll go all the way. NetsDaily

October 23, 2013 Updates
October 11, 2013 Updates

Bruce Ratner, who saved his investment in the Nets and Barclays Center by selling out to a Russian investor, is now selling a majority interest in the surrounding Atlantic Yards project to a Chinese-government land company, reports the Wall Street Journal. An investor confirmed the report. The sale won't include Ratner's stake in either the Nets or Barclays Center. Mikhail Prokhorov bought 80 percent of the Nets and 45 percent of the arena for a less than $250 million in 2009. At the time, it was reported that he also had an option to purchase up to 20 percent of Atlantic Yards, an option he has not exercised. Its current status is unknown. NetsDaily

September 26, 2013 Updates

Here was the official announcement that the Knicks and Nets will co-host the NBA’s All-Star weekend in a mere 17 months, and Mikhail Prokhorov was not to be found in the second-floor TV studio on Washington St., where the two warring factions announced a truce to their hostilities. Where was Big Mike, Jim Dolan’s chief tormenter, anyway? Nobody was saying, but the absence of the Nets’ free-spending billionaire kind of made the entire program a little wanting. As much as everyone involved made it a point to say that the two rivals are putting their differences aside to make the 2015 All-Star weekend a smashing success, and we’ll take them at their word on that, it still would have been a little more believable had Prokhorov been present to have his picture taken with Dolan, “that little man.” New York Daily News

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