HoopsHype Mikhail Prokhorov rumors


May 26, 2015 Updates
May 19, 2015 Updates
May 7, 2015 Updates

Mikhail Prokhorov has said he never wanted to sell a majority interest in the team. "I never intended to sell the team and have looked at selling only the minority stake," he said on April 8, noting there have been "approximately" 10 offers for his shares. "And for the time being there is nothing on the table. . . . If somebody wants to send me any kind of proposal, why not? Just to have a look. But we’re only speaking about minority stakes in the team." NetsDaily

May 5, 2015 Updates
April 30, 2015 Updates
April 25, 2015 Updates

Tim Bontemps: Mikhail Prokhorov is in attendance for today's game, I'm told, as he said he would be when he was here a few weeks ago. Twitter @TimBontemps

April 18, 2015 Updates

Now, as we gear up for another round, I just wanted to wish the whole Brooklyn Nets community a wonderful playoffs. Let’s show the very best we are capable of and enjoy every minute of this great sport. As the genius legend Yogi Berra said, "You give 100 percent in the first half of the game, and, if that isn't enough, in the second half you give what's left." NBA.com

April 16, 2015 Updates

Jack Devine, a retired CIA official and private investigator, writes in his new book, "Good Hunting" about how the NBA had him investigate Mikhail Prokhorov in 2009-10. The vetting included checking whether the Nets prospective owner had ties to the Russian mob. Devine said his team found none after "extensive research," and informed David Stern of same. NetsDaily

April 10, 2015 Updates

But the most interesting portions of Prokhorov’s Wednesday night press conference came when he was asked directly if he would still be willing to pay the luxury tax for next season — which, if the Nets do so, would make them the first NBA team to pay the “repeater tax” rate instituted in the most recent collective bargaining agreement. “We need a championship team, and I’m very committed to continue to do all the best for the team,” Prokhorov said. “This is my perception. “And if we need to pay a little bit more than any other teams, it’s not an obstacle.” New York Post

April 8, 2015 Updates
April 7, 2015 Updates
April 3, 2015 Updates

The sale of the Brooklyn Nets has stalled because Mikhail Prokhorov is trying get a $3 billion valuation for the team and Barclays Center while keeping a controlling interest in the NBA team. The Russian billionaire controls 80% of the team and 45% of the arena while Bruce Ratner controls 20% and 55%, respectively. Prokhorov wants to keep 51% of the Nets after any sale. Prokhorov’s terms have been confirmed by two sources who did not want to be mentioned because they do not have permission to speak about the deal discussion publicly. Three weeks ago I wrote that people were telling me Prokhorov only wanted to sell a minority interest. But at that time I wasn’t sure of the valuation he was seeking or the percent ownership he wanted to maintain. Forbes.com

March 13, 2015 Updates

The founder of the pro-business party Civil Platform, billionaire Mikhail Prokhorov, has announced that he is quitting the project and suggested that his former comrades decide whether to rename or liquidate it. The announcement was made at the Friday session of the Civil Platform’s consultative body – the Federal Civil Committee – that was called in connection with the growing schism in the party. The latter happened after many Civil Platform activists, including senior party officials, took part in the so-called “Anti-Maidan March” in Moscow – an event held in late February in which over 40,000 people expressed their support for Russian authorities and President Vladimir Putin, and protested against any attempts at regime change in the country by means of so-called “color revolutions.” RT

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