Mikhail Prokhorov Rumors
The Russian oligarch who owns the Brooklyn Nets basketball team stashed money in a bank the U.S. Treasury Department has accused of facilitating money laundering, weapons proliferation, sanctions evasion, organized crime, and financing a terror group, a report obtained by The Daily Beast reveals. Mikhail Prokhorov, whose wealth is estimated at nearly $9 billion, ran for president of Russia against Vladimir Putin in 2012 in a stage-managed campaign sanctioned by the Kremlin.
A spokesman for Prokhorov and Onexim Group, a company with which he is closely affiliated, tells The Daily Beast, “The multiple companies within Onexim Group interact with dozens of banks worldwide in the regular course of doing business. At no point did Mikhail Prokhorov ask any bank to conceal his assets in connection with his presidential run in 2012 or for any other purpose.”
After NBA commissioner Adam Silver confirmed Joe Tsai’s deal to buy 49 percent of the Nets, team owner Mikhail Prokhorov said the e-commerce billionaire will be a fantastic partner and a boon for the entire league. “Just we are finishing the deal. I think Joe is a great partner and will help the game and help the NBA,” Prokhorov told The Post after watching his Nets pull out a come-from-behind 103-98 victory Tuesday night over the Wizards at Barclays Center.
Bloomberg News on Friday backed off an earlier report that stated Joe Tsai got Mikhail Prokhorov to cover losses related to lavish player contracts as part of his agreement to buy a 49 percent stake in the Nets.
Later the story changed. Before buying into the Brooklyn Nets, billionaire Joe Tsai discussed putting an unusual condition to his investment: a refusal to cover any losses related to player salaries, according to people familiar with the sale contract. That language never made it into the final contract, though Tsai does have other downside protection
Mikhail Prokhorov is in talks with multiple suitors to sell the Brooklyn Nets — and he’s pushing for an eye-popping price tag. The Russian billionaire is demanding a valuation of around $2 billion for his money-losing NBA team — near the record-setting $2.2 billion price that the Houston Rockets fetched earlier this month, sources told The Post.