Report: With Clippers fetching $2 billion, Nets owner Prokhorov listening to offers. Doubt he’s alone.
Jun 14, 2014, 7:16 PM EDT
After the Milwaukee Bucks sold for $550 million, then weeks later former Microsoft CEO Steve Ballmer agreed to buy the Los Angeles Clippers for $2 billion, 29 other NBA owners got a big smile on their face. The rich are getting richer.
With the size of those numbers more than a few might put some feelers out in market — you don’t get rich enough to own an NBA team not thinking about how to turn a profit on your investments, and there’s a lot of profit in the NBA right now. One of those guys looking around is Nets owner Mikhail Prokhorov, reports Adrian Wojnarowski at Yahoo Sports.
In the wake of the Los Angeles Clippers selling for a league-record $2 billion, Russian billionaire Mikhail Prokhorov has been open to overtures from potential buyers for the Brooklyn Nets, league sources told Yahoo Sports.
“Just listening so far,” a league official with direct knowledge told Yahoo Sports. “They haven’t indicated a desire or willingness to sell. …Nothing was initiated by [Prokhorov].”
If the Clippers are worth $2 billion, the Nets should be worth at least that much.
Prokhorov is worth $11 billion, according to Forbes Magazine. Prokhorov purchased his share of the Nets for $223 million (he owns 80 percent of the team), but since then he has moved the team to the news and more profitable Barclay’s Center in Brooklyn (he owns 45 percent of that also). Which is in the nation’s largest media market. The team’s value has gone up.
Enough that the Russian oligarch might sell?
Who knows? But you can be sure he’s not the only one listening to offers right now. That’s a lot of scratch, even to already rich guys.
Sep 5, 2015, 9:30 AM EDT
“I always preach, I didn’t get here from being the most athletic guy, the fastest guy, the tallest guy, or the strongest, I got here from my mind.” —D’Angelo Russell
Sep 5, 2015, 8:00 AM EDT
Is he the best European ever in the NBA?
Sep 4, 2015, 10:29 PM EDT
They sell shoes in Germany, too.
Sep 4, 2015, 8:59 PM EDT
He shows promise as a good NBA center.
Sep 4, 2015, 7:30 PM EDT
He’s coming off an ACL surgery and misses the start of the season.
Sep 4, 2015, 7:01 PM EDT
Quincy Pondexter could be out longer.
Sep 4, 2015, 6:00 PM EDT
The real banner goes up opening night.
Sep 4, 2015, 4:59 PM EDT
That locker room was a hot mess.
Sep 4, 2015, 4:15 PM EDT
Do they, though?
Sep 4, 2015, 3:21 PM EDT
…from his own company
Sep 4, 2015, 2:24 PM EDT
Given the strength of the Western Conference, they should be
Sep 4, 2015, 1:25 PM EDT
That’ll make owners more prone to locking out players
Sep 4, 2015, 12:23 PM EDT
Houston also reportedly adding Denzel Livingston, Remi Yusuf, Will Cummings
Sep 4, 2015, 11:30 AM EDT
Rocky plays the heel
Sep 4, 2015, 10:30 AM EDT
Durant played with New York coach Derek Fisher
Sep 4, 2015, 9:30 AM EDT
Will San Antonio extend it?
Sep 4, 2015, 8:32 AM EDT
He shot just 34 percent in Summer League.
Sep 4, 2015, 8:00 AM EDT
If he’s healthy and the vintage, athletic McGee Dallas could use him.
Sep 4, 2015, 12:33 AM EDT
Thomas is a former No. 4 overall pick.
Sep 3, 2015, 11:15 PM EDT
The street artist Madsteez painted the commissioned piece.
- Report: Kevin Durant considering Knicks, being recruited by Carmelo Anthony 49
- Markieff Morris: “My future will not be in Phoenix” 33
- Shaq tells Suzy Shuster he, Kobe Bryant could have tied Jordan’s six titles 35
- Dwight Howard tried to take loaded gun through airport security, will not face charges 52
- Will Miami make a run at Kevin Durant? 17
- Report: Veteran forward Chuck Hayes agrees to deal with Clippers 7
- Report: Lakers to sign Brazilian, FC Barcelona point guard Marcelo Huertas to one-year deal 10
- Shaq to Kobe on podcast: “I just want people to know that I don’t hate you” 18