Mikhail Prokhorov Rumors
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.
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.
Two of the most important men for the Nets’ summer live in Moscow, and general manager Sean Marks is flying to see them both this week: team owner Mikhail Prokhorov and top target Milos Teodosic. Marks and Nets coach Kenny Atkinson head to ONEXIM headquarters to meet with Prokhorov, then they will scout free-agent priority Teodosic, whom one expert called the best passer in the world. “We’re heading over to meet with Mikhail this week, so we’ll sit down with him and give him the plan and discuss things with him,” Marks said. “We’ve had an open dialogue really throughout the course of the season. It’s been terrific. Mikhail has been back and forth here a number of times, so now we’re going to fly over there and sit with him and meet with him.”