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.
Jul 22, 2014, 7:22 PM EDT
Utah reportedly trades John Lucas III, Malcolm Thomas and Erik Murphy to Cleveland for Carrick Felix, second-round pick and $1 million
Jul 22, 2014, 6:53 PM EDT
Sterling will be removed as Clippers owner one way or another because he is toxic to the organization right now.
Jul 22, 2014, 6:02 PM EDT
He’s going to get some of Paul Pierce’s minutes.
Jul 22, 2014, 5:11 PM EDT
Adam Silver does the classy thing. Again.
Jul 22, 2014, 4:20 PM EDT
Evan Turner is now a reclamation project — if he wants to get paid he has to become more efficient.
Jul 22, 2014, 3:38 PM EDT
It means the Timberwolves want to send Kevin Martin out in the Love deal, Cavs trying to make that happen.
Jul 22, 2014, 2:46 PM EDT
Once signed, he can’t be traded for 30 days … to the Timberwolves, for example.
Jul 22, 2014, 2:04 PM EDT
Taj Gibson and Jimmy Butler would reportedly be sent to Minnesota.
Jul 22, 2014, 1:42 PM EDT
Blake Griffin, James Harden, Kawhi Leonard and Damian Liillard among players who would face fines if they participated in a planned exhibition in Manila.
High school standout Emmanuel Mudiay skips college for China payday. You’ll see more of this if age limit goes up.
Jul 22, 2014, 1:01 PM EDT
If the age limit jumps to 20 more players will choose getting paid over college.
Jul 22, 2014, 12:27 PM EDT
Wizards take a more subtle approach than some of the others we’ve seen.
Jul 22, 2014, 11:49 AM EDT
Rookies Doug McDermott and Marcus Smart make the cut to train with the National Team in Vegas.
Jul 22, 2014, 11:13 AM EDT
Vujacic is known for his time with the Lakers, and hasn’t played meaningful minutes since 2011.
Jul 22, 2014, 10:37 AM EDT
Kings go nuts after winning Summer League championship.
Jul 22, 2014, 9:59 AM EDT
Restricted free agent remains unsigned.
Jul 22, 2014, 9:20 AM EDT
Seattle won 1979 title before team moved to Oklahoma City
Jul 22, 2014, 8:42 AM EDT
The list includes Gorgui Dieng and Donatas Montiejunas.
Jul 22, 2014, 8:00 AM EDT
Carter denies LeBron’s advisors forced him back to Cleveland
Jul 22, 2014, 1:24 AM EDT
Ray McCallum dropped 29 and even threw in a Jordan shrug.
Jul 22, 2014, 12:01 AM EDT
Would you rather have Harrison Barnes or Draymond Green?
- Clippers CEO: If Sterling remains owner then Doc Rivers, players, sponsors all ready to bolt 7
- Report: Cavaliers trying to acquire other players to put in Kevin Love trade 46
- Report: Bulls making push to trade for Kevin Love 68
- Seven standout players from Las Vegas Summer League 10
- Maverick Carter: LeBron James and Dwyane Wade still speak nearly daily 34
- Red hot Ray McCallum leads Sacramento Kings to Summer League title with 77-68 win against Houston 3
- Lakers great Michael Cooper diagnosed with cancer 16
- Report: Stan Van Gundy tells Josh Smith, barring unexpected trade, forward will start season with Pistons 8