Mikhail Prokhorov Rumors
The New York Post reports Wednesday night that Mikhail Prokhorov’s plan to gain control of the Nets and Barclays Center has been delayed by NBA concerns over how much debt the Nets would take on. But a league source says there are “no game-stoppers” in the planned acquisition and it’s still expected to go through.
That said, a league source tells NetsDaily there are no “game stoppers” and that the deal is still expected to go through before year’s end. There’s been no indication of how the deal would be structured, but each asset is likely valued at no less than $1 billion.
Mike Mazzeo: Nets owner Mikhail Prokhorov is on the verge of acquiring majority control of Nassau Coliseum, sources confirmed. The plan is for Brooklyn’s future D-League team to eventually be situated at the refurbished arena. The Nets hope their future D-League team begins play in 2016-17.
In answering the question on his level of confidence in Billy King, the Nets owner said he was “very glad” to be working with the Nets often criticized GM. Prokhorov started off by noting, “I bet Billy will be listening to the answer to this” then added… “Joking aside, I am very glad to be working with Billy. He has managed to pull off a lot of unexpected deals in line with the guidance that ownership has given him. I think we had an excellent off-season this year and I do believe that it will bring success this season.”
Prokhorov also expressed some skepticism about analytics to Brian in Canarsie, Brooklyn … and said he expects the Nets new D-League team to start up next season. “I think analytics are becoming more and more refined throughout the league. But I am not convinced you can calculate your way to victory. I do believe there are intangibles that no stat sheet will show you. As far as D-League team is concerned, we’re looking at 2016 to launch.”