Mikhail Prokhorov Rumors
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.
30 Nov 16
The partnership is yet another indication that Prokhorov and his ONEXIM Sports and Entertainment group will continue to invest in the sports and sports venue businesses. Known as Entitle, the partnership launches with two clients that have retained it to sell naming rights to major league facilities, according to Sports Business Journal. Yormark refused to identify them to protect client confidentiality. The new firm plans to pursue business both domestically and internationally.