Skip to content

Mikhail Prokhorov refutes report, says he is not selling Nets

Jun 15, 2014, 5:00 PM EDT

Mikhail Prokhorov Mikhail Prokhorov

You can be sure that after the Los Angeles Clippers price tag was $2 billion, a number of NBA owners took a step back and thought about how much they could make selling their team. You can be sure a few of them listened to offers.

That’s different from selling.

A report came out Saturday saying Nets owner Mikhail Prokhorov was entertaining offers for the Nets, but the Russian billionaire said “nyet” in a statement, as reported at the New York Post.

“We have no interest in selling the team,” Prokhorov said in a statement….

It has been public knowledge that Bruce Ratner, who owns up to 20 percent of the team, has been looking to sell. Plus there are about 100 other minority owners. After the Clippers mess broke, people wanted to know what they had.

One thing to remember is that for Prokhorov and Ratner this is more than about owning the team and Barclay’s Center, they are the driving financial forces behind new housing and restaurant/shopping plazas going around Barclays. This is a real estate play, with the new arena and the Nets (and in a couple years the NHL’s Islanders) as the anchors that bring people and energy to the area.

That doesn’t mean one or the other will not sell, but Prokhorov may not be in a rush.

Latest Posts
  1. Raptors’ GM Masai Ujiri sees Bismack Biyombo as key part of roster transformation

    Aug 1, 2015, 9:30 AM EDT

    Detroit Pistons v Charlotte Hornets Getty Images

    Biyombo has worked with Hakeem Olajuwon this summer on post moves, other parts of his game.

  2. Nets finally taking responsible path to rebuilding, don’t expect another spending spree next summer

    Aug 1, 2015, 8:00 AM EDT

    Brooklyn Nets Deron Williams Paul Pierce Kevin Garnett Getty Images

    The Nets will be paying the price for their win-now era for a few years to come still.

  3. Report: Dwight Howard to attend Team USA mini-camp after all

    Aug 1, 2015, 1:11 AM EDT

    Dwight Howard AP

    This is the right move, whether he decides to play in Rio or not.

  4. Watch Karl-Anthony Towns highlights from Summer League

    Jul 31, 2015, 11:08 PM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwu3mmzjztazntu1ogzhywnkzju2otmyzgnloty5otbl1 AP

    He looks like a guy who can live up to the No. 1 pick billing.

  5. Pelicans waive Toney Douglas, still await Norris Cole decision

    Jul 31, 2015, 10:26 PM EDT

    Utah Jazz v New Orleans Pelicans Getty Images

    Norris Cole is still looking for a bigger payday.

  6. Pacers’ Jordan Hill arrested for reckless driving, clocked at 107 mph

    Jul 31, 2015, 7:15 PM EDT

    Phoenix Suns v Los Angeles Lakers Getty Images

    Hill told the police he was “in a hurry.” I guess so.

  7. Warriors trade Gerald Wallace to Philadelphia in exchange for Jason Thompson

    Jul 31, 2015, 7:01 PM EDT

    Dallas Mavericks v Sacramento Kings Getty Images

    Neither guy is going to make a difference on the court for these teams. This was just moving some money around.

  8. Trail Blazers guarantee Allen Crabbe’s contract for next season

    Jul 31, 2015, 5:46 PM EDT

    LV Celtics v Trailblazers Getty Images

    Crabbe looked good in Las Vegas at Summer League.

  9. Report: Hedo Turkoglu wants to play anther NBA season, Kings possiblity

    Jul 31, 2015, 4:59 PM EDT

    Washington Wizards v Los Angeles Clippers Getty Images

    The Kings don’t really have the roster spot for him.

  10. Grizzlies’ D-League affiliate hires female assistant coach

    Jul 31, 2015, 4:11 PM EDT

    NBA.com NBA.com

    Iowa Energy add Nicki Gross to coaching staff

  11. Report: Joe Johnson “pumped” that Deron Williams bought out by Nets

    Jul 31, 2015, 12:52 PM EDT

    joe johnson nets sleeved alternates

    Johnson makes $24.9 million, but this is the last year of his contract.

  12. Report: Knicks to sign Thanasis Antetokounmpo

    Jul 31, 2015, 12:47 PM EDT

    20141220 Westchester Knicks at Maine Red Claws Getty Images

    New York drafted Giannis Antetokounmpo’s brother last year

  13. Report: 76ers second-rounder J.P. Tokoto won’t sign with Philadelphia

    Jul 31, 2015, 10:23 AM EDT

    Houston Rockets v Philadelphia 76ers Getty Images

    No. 58 pick will reportedly head overseas or to D-League

  14. Knicks waive Ricky Ledo

    Jul 31, 2015, 9:21 AM EDT

    Ricky Ledo AP

    Guard didn’t show much in short stint in New York

  15. NBA lands in Africa trying to put down roots, which is all about youth programs, infrastructure

    Jul 31, 2015, 8:35 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznptu5nzjmmwjlotdhnzrhn2iwytixngrhnwi2yzqwyjzk AP

    “One thing to come out of this will be more camps, more clinics, more games, more youth competition, and from that you get into infrastructure, and building more courts.” —Masai Ujiri, Raptors GM and native Nigerian

Top 10 NBA Player Searches
  1. K. Bryant (2614)
  2. B. Haywood (2001)
  3. M. Miller (1857)
  4. I. Thomas (1839)
  5. L. James (1760)
  1. N. Young (1679)
  2. J. Smith (1630)
  3. S. Napier (1598)
  4. T. Thompson (1556)
  5. G. Robinson III (1476)