Fansided · Sep 8, 2017
Mikhail Prokhorov plans on selling the Brooklyn Nets
Earlier this summer, reports that Brooklyn Nets owner Mikhail Prokhorov planned on selling a minority stake in the team emerged. However, it has become apparent that his attempts to sell a minority stake have been fruitless.
Mikhail Prokhorov now plans on selling a controlling stake in the team, according to the New York Post. A source close to the Russian billionaire said that there will be a new owner in a few years. Prokhorov is reportedly looking to get around $2 billion after the Houston Rockets sold for a record $2.2 billion. Forbes gave the Nets a valuation of $1.8 billion, as of Feb. 2017.