Mikhail Prokhorov Rumors
A Russian news report says an intelligence agent charged by the United States in the hacking of half a billion Yahoo user accounts worked at an investment bank owned by billionaire Mikhail Prokhorov, who also owns the Brooklyn Nets basketball team. The report Saturday in the respected business newspaper Kommersant cited a source as saying Igor Sushchin worked for Renaissance Capital as a security director. The newspaper cited Renaissance Capital as saying Sushchin’s employment was ended on Thursday, the day after the U.S. Justice Department announced its case. The report did not say if the company knew he was an intelligence agent.
Sergey Kushchenko, a member of the Nets board of directors and Mikhail Prokhorov’s chief sports advisor, may have hit upon the best way to describe Brooklyn’s 2013 trade with Boston. Speaking on ZdesBasketbol, a Russian TV program, Friday, Kushchenko called it the “initially famous and later on infamous trade.”
He admitted as well that “it was our (management) decision for that infamous trade.” The Nets, of course, gave up three unprotected first round picks in 2014 (James Young), 2016 (Jaylen Brown) and 2018 as well as a swap of picks this season for the aging Celtic stars.
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.