HoopsHype Mikhail Prokhorov rumors

October 11, 2014 Updates

“Negotiations are taking a cooling off period since they’ve been played out in the media but there have been proposals to the Nets and they’re still being considered,” the source told the News. “Because of the amount of media attention, there’s a calming off period that’s going on but interest still remains by both parties and yes there was a proposal - multiple proposals - that were given to the Nets that are still being considered.” New York Daily News

October 9, 2014 Updates
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

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