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.
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.
On Monday, Jordan guffawed at Memphis Grizzlies swingman Tony Allen, who’s known much, much more for his defensive prowess than his offense. But when Allen pulled off a sweet post move against Jordan’s Charlotte Hornets and stared down Jordan, His Airness couldn’t help but LOL.
On potential expansion: “We have enough teams right now. Economically it doesn’t make sense. There’s a lot of cities that need a team, but just economically it just doesn’t make a lot of sense. It was only six years ago where the league had to buy a team [New Orleans] and so we’ve come a long, long way, but we’ve got a long way to go.”
One topic that always bothers Cuban: officiating. Cuban has had issues for years with how the game is officiated, the power of officials, and the officials selected for games. “I think there’s a lot of room for improvement,” Cuban said. “We’ve got a new guy in charge [of officials]. This is like our 19th new guy since I’ve been here, but I’m cautiously optimistic things will change. I haven’t seen evidence of that yet. It’s more management issues, entitlement issues, game-management issues. The same [expletive] that I have [complained] about for 17 years. There hasn’t been a whole lot of change, but I am cautiously optimistic.”