Mikhail Prokhorov Rumors
Does Mikhail Prokhorov really want to keep this team? That has been the steady insistence from Prokhorov in recent weeks and months. He keeps saying he is only willing to sell off a minority stake in the team … up to 49 percent. Around the league, mind you, skepticism persists.
Yet there are also persistent rumbles in league circles that the real reason the Nets aren’t being actively shopped to potential bidders is the structure of the deal Prokhorov struck to buy the team mandates he sell Barclays Center in conjunction with his basketball team. Word is the entities can’t be sold separately, which is said to have chilled the market due to the complexities involved in such a transaction and the significant price tag it would carry.
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.”
While his Nets battle in the playoffs, Mikhail Prokhorov will celebrate his 50th birthday over a wild weekend. The oligarch’s birthday is Sunday, and sources tell Page Six the Russian billionaire will throw a three-day bash at a new house he’s built in Turkey, where guests will include an endless supply of models. “They are being paid,” said a source. “Some have been offered $20,000 to attend a three-day party.” Guests will meet in Moscow and then fly privately to Milas–Bodrum Airport. His rep didn’t respond.