HoopsHype Mikhail Prokhorov rumors

May 21, 2014 Updates
April 24, 2014 Updates
April 16, 2014 Updates
March 26, 2014 Updates

Nets owner Mikhail Prokhorov said Monday he's planning to transfer ownership of the team to one of his companies in Russia — a move that would be unprecedented in major American professional sports. But Tuesday, the Prokhorov-controlled company that runs the Nets said such a move might never happen. "This is a long process, which may or may not come to fruition, and nothing is imminent," Prokhorov's U.S.-based Onexim Sports and Entertainment said in a statement Tuesday. "Of course, no steps in this direction could or would be taken without the full knowledge and approval of the NBA." Bergen Record

March 25, 2014 Updates

After losing 20 of their first 30 games to start the season, the Nets have improved of late. They’ve won four of their last five games to lift their record to 37-32, losing yesterday in overtime. “Prokhorov is known for being loyal to the Kremlin while the Kremlin is loyal to him,” said Ivan Manaenko, head of research at Veles Capital in Moscow. “His move is politically motivated” and the “question of more sanctions is rather when than an if.” Bloomberg

March 24, 2014 Updates

The head of Russian state conglomerate Rostec, Sergei Chemezov, joined Uralkali's board of directors on Monday, Uralkali said, signalling greater government influence in the world's largest potash producer. Chemezov, a powerful ally of President Vladimir Putin, was nominated in February and may become Uralkali's board chairman. The new board of nine directors was elected on Monday by Uralkali shareholders, which include Russian tycoon-turned-politician Mikhail Prokhorov, businessman Dmitry Mazepin's Uralchem and a subsidiary of China Investment Corp (CIC). The board is due to elect a new chairman "in the nearest time", the company said in a statement. Reuters

Cuban also was asked about Nets owner Mikhail Prokhorov, and what he thought the impact on the league could be if Prokhorov was somehow caught up in the ongoing conflict over Crimea. “I’ve thought about it, but I don’t know who he is friends with and who he’s not friends with and all that stuff, so I have no idea,” Cuban said. New York Post

March 21, 2014 Updates

Rod Boone: Asked Billy King if he has any idea if #Nets owner Mikhail Prokhorov could face sanctions from what's going on between the U.S. and Russia. King: "I follow politics, a lot of politics. But I don’t know anything about who we are putting sanctions on or who we are not." #Nets Twitter @rodboone

February 23, 2014 Updates
February 21, 2014 Updates

Q (The Al): What do you make of the Nets' interest in Jason Collins? Jorge Sierra: This obviously goes beyond a team adding a big man for its bench. If the Nets go ahead and sign Jason Collins, it's going to be news world-wide because having an openly gay player on your team is not a normal thing to this day. Never been a big fan of Collins (was anybody?), but his was a courageous move. Showing other players there's no punishment in coming out would be a big step for the NBA. Another ramification: The owner of the team (potentially) signing the first openly gay player comes from Russia, where the government/parliament approves anti-gay laws. It would send a strong message. HoopsHype

February 16, 2014 Updates

The Nets will once again play two preseason games in China next October, part of Mikhail Prokhorov's global plan for the franchise, according to league sources. The announcement may be made as early as Sunday. The Nets will play one game each vs. the Kings, presumably in Beijing and Shanghai. The Kings are the only other NBA franchise owned by an international investor, Vivek Ranadive of India. NetsDaily

In 2010, shortly after Prokhorov bought the team, the Nets went around the world in preseason, stopping in Moscow for a practice, then flying on to Beijing and Shanghai for games with the Rockets before flying on to New York. No word on whether the Nets will stop in Russia again. The Nets would like to play regular season games in Prokhorov's hometown of Moscow, but there are no NBA-standard facilities in Russia. The Nets have made a priority of globalization, particularly in Great Britain, Russia and China. The Nets played the Hawks in London this January. Brett Yormark has said the Nets' policy is to "raise our hands" when the league is looking for volunteers to go overseas. NetsDaily

February 9, 2014 Updates

Walton predicted an emotional down time for Lopez. But he insisted a huge ally is Nets owner Mikhail Prokhorov. “This is where playing for a great owner like Prokhorov, who is willing to do whatever it takes to get the job done, is beneficial,” Walton said. “Brook will go through all the emotions of, ‘This is my fault, I’m letting the team down.’ “You can’t panic, can’t go crazy and start blaming everybody. You’ve got to get healthy,” Walton said. “Nobody can predict health.” New York Post

January 25, 2014 Updates
January 24, 2014 Updates

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