Brooklyn Nets owner Mikhail Prokhorov, while focused on selling a minority stake in the franchise, has warmed recently to the possibility of offering a controlling slice of the team, sources close to the situation said. The change of heart comes after the initial reaction to the minority stake sale was weak — and with interest in the Houston Rockets sale heating up, one source said. The Nets believe some of the suitors who look at the Rockets will also take an interest in them, sources said. “As word gets out about the new Nets process, some of the Rockets interest may spill over,” a source said.
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Brooklyn Nets owner Mikhail Prokhorov has told Russian media he’s selling a 49 percent stake in the NBA club. The Russian billionaire announced his intention to sell a minority stake in December, and now says “49 percent of the Brooklyn shares are up for sale,” in comments reported by R-Sport.
Ohm Youngmisuk: Mikhail Prokhorov reiterated he will remain majority owner of the Nets and said he is actively searching for a minority ownership partner to “strengthen” the team’s presence in New York. “I’m passionate about owning the Nets and our emerging sports and entertainment businesses, and will continue to look at growth opportunities,” Prokhorov said in a statement. “… I’m proud of the steps we’ve taken this year, including the opening of the world-class HSS Training Center and developing a new culture with GM Sean Marks and Head Coach Kenny Atkinson. I’m committed to the Nets and will remain the majority owner of the team.”
According to a Nets insider, the Russian oligarch would like to sell up to 49 percent of the Nets, but NOT the other assets held by Brooklyn Sports & Entertainment: Barclays Center, Nassau Coliseum, and the Brooklyn Paramount Theater. There’s no indication that Prokhorov has set any deadline for a sale or who might be interested.
Scott Soshnick: BREAKING: @BrooklynNets hire Allen & Co.’s Steve Greenberg to find local minority investor #sportsbiz #NBA
Mikhail Prokhorov’s Moscow-based spokesperson, Ellen Pinchuk, has reiterated the Nets owner’s position that he intends to hang on the team. “He has no plans to sell the team.” Pinchuk told the Post’s Page Six.
Other league sources say that both Prokhorov and his CEO, Dmitry Razumov, remain convinced they can turn the team around. Rumors of his intention to sell have risen and fallen over the last year. Prokhorov has said he’s willing to sell a piece of the team and arena, but there’s no indication of any active discussions. Prokhorov bought the remaining share of the team (20 percent) and Barclays Center (55 percent) as well as an 85 percent share in Nassau Coliseum from Bruce Ratner just before Christmas.
Chris Mannix: Prokhorov says he has “no ideas to sell” the Nets. Says he is happy being 100% owner of the team. Says he has had offers for the team.
Tim Bontemps: Prokhorov: “I take full responsibility for the state of the team.”
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August 19, 2017 | 12:29 pm EDT Update
Giannis Antetokounmpo: I want everyone to be informed by me that I will not be able to play for the Greek national team in the upcoming Eurobasket. All this time I was pressuring myself to practice. I was trying to fool myself and not feel the pain, hoping that I will be ready for the official games. I failed in the tests I was put to and the reason was the pain I felt from the first seconds. I can accept the truth and deal with it in a mature manner. I have to work and improve as much as I can the condition of my knee.
Giannis Antetokounmpo: This is by far the biggest disappointment that I have felt so far in my career. I want to wish the best from the bottom of my heart to my teammates and coaches. The national team is my favorite team and in the future I will prove together with my teammates that we can achieve high goals and make all the Greeks happy.
It may be difficult for Markieff Morris to continue viewing the Boston Celtics as a bitter rival once he steps on the court and sees his twin brother Marcus wearing that green jersey. For John Wall, it will apparently be very easy. “I told him ‘man, I know that’s your brother and you do everything alike, but he’s our enemy when we play them those four games.’ He’s cool with it,” Wall said on Friday at his charity event at Rosedale Community Center in Northeast Washington.