Mikhail Prokhorov Rumors
Russian billionaire Mikhail Prokhorov is nearing a deal to buy all of the Barclays Center and the Brooklyn Nets from Bruce Ratner’s Forest City Enterprises, The Post has learned. Prokhorov has been in talks to buy the 55 percent of the arena and 20 percent of the NBA team he does not already own. Under the deal being discussed, he would kick in little cash beyond forgiving the roughly $40 million Forest City owes him to cover team losses, according to two sources familiar with the situation.
A deal with Prokhorov would come after Forest City tried and failed to find an outside buyer in an auction. Prokhorov didn’t make that sale process any easier by withholding financial information, according to sources close to the sale process.
Billy King and Lionel Hollins were in South Africa and are headed out on much-delayed vacations. It would appear from that and from Mikhail Prokhorov’s video that the Nets are done other than some training camp invites. They have 17 players under contract, including Earl Clark who reportedly would like the Nets to waive him so he can move on, perhaps overseas.
In a special message for Brooklyn fans, Nets Principal Owner Mikhail Prokhorov talks about the current state of the team and what’s to come in the future. Complementing the core of Brook Lopez, Thaddeus Young and Joe Johnson, Prokhorov highlights the shift to a youth-focused team with high levels of athleticism. The one thing that remains constant, Prokhorov reiterates, is that the team is here to win, and the Nets are committed to doing whatever it takes to make that happen.