HoopsHype Mikhail Prokhorov rumors

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October 2, 2014 Updates

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

"Just listening so far," a league official with direct knowledge told Yahoo Sports. "They haven't indicated a desire or willingness to sell. …Nothing was initiated by [Prokhorov]." Yahoo! Sports

August 4, 2014 Updates

Brook Lopez and his brother spent the weekend in Moscow, visiting tourist sites, having lunch with the boss and even giving a clinic to the children of the US embassy. But Lopez made big news in Perm, far to the East, when he was asked about his foot. "It's great," he told a reporter for RBC, Mikhail Prokhorov's business TV channel. "I was fully cleared for play and everything a week and a half ago. It's great. Now its time to get back in shape." The video was edited and provided to NetsDaily by Alexander Chernykh of Rush'n Hoops, NetsDaily

July 14, 2014 Updates
June 30, 2014 Updates

That’s a valid concern. The basketball side of the Nets’ business is projected to have lost $144 million over the 2013-14 season, according to a confidential memo the league sent to all 30 teams in early June. (Grantland has reviewed and verified the memo with a half dozen sources.) If that strikes you as out of whack, that’s because it is. Grantland

The NBA expects nine teams will end up having lost money once luxury-tax distribution and revenue-sharing payments are finalized. The Nets, with that monster $144 million figure, are the biggest losers. Next in line? The Wizards, with projected losses of about $13 million. That’s right: The Nets lost $131 million more than any other NBA team last season. This is what happens when you pay $90 million in luxury tax for an aging roster and play in a market so large you are ineligible to receive any revenue-sharing help. Grantland

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