Mikhail Prokhorov Rumors
Brooklyn Sports & Entertainment announced Thursday that they will be moving corporate offices, including the Nets business operations, to Industry City next year. They will lease —and renovate— the floor directly below the HSS Training Center.. Business operations have been headquartered at Metro Tech, Bruce Ratner’s office complex in the borough. The lease at Metro Tech was up … and consolidating office space has been an organization goal since the Nets chose the Industry City site on 39th Street just off Upper New York Bay.
There’s no official sale book bouncing around yet when it comes to the Brooklyn Nets, but already the investment bank Allen & Co. has received several expressions of interest, The Post has learned. The basketball team owned by billionaire Russian Mikhail Prokhorov hoped to fetch around $2 billion, but we hear one interested party has been trying to box out others in the sale process.
A source told On the Money that Alibaba Executive Vice Chairman Joe Tsai has expressed an interest in the team, though reps for his family office, Blue Pool, deny it. Reports suggest the Nets want to find a Chinese backer — not surprising given the success of Yao Ming with the Houston Rockets, which are also for sale.
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.
Brooklyn Sports & Entertainment, Mikhail Prokhorov’s holding company, announced Monday that renovation of the Paramount Theatre, Brooklyn’s Jazz Age jewel, is set to begin this fall, with an anticipated opening before 2019.
The Paramount, at the northeast corner of Flatbush and DeKalb Avenues on the LIU campus, is a few blocks from Barclays Center. Events at the theatre will feature music, comedy, boxing, and more. The venue will have a capacity of up to 3,000. The flexible seating configuration will accommodate primarily general admission-style setups, with the opportunity to also do seated floor events. The venue will open loge level seating, and will feature premium VIP areas.