Mikhail Prokhorov has been trying to sell a minority share in the Nets (and Barclays Center) for more than a year with no luck One reason, without a promise of gaining control at some point, an investor would have no real power, but would have to pay a share of the team’s losses.
The way out is offering an investor a minority share now with the promise of gaining control at some time certain in the future. The New York Post’s Josh Kosman, who’s been speculating about a sale since 2015, says that’s exactly what the Nets Russian owner is planning.