It’s official. Mikhail Prokhorov has dumped another U.S. sports asset, this time the revamped Nassau Coliseum. He’s out and the Florida investor who helped finance “The Barn’s” renovation, is in. How will that affect the Long Island Nets who’ve played their last three seasons at the Coliseum in Uniondale?
Prokhorov who made an estimated $1 billion profit on the sale of the Brooklyn Nets and Barclays Center to Joe Tsai, essentially dumped the money-losing Coliseum back in June. Citing the pandemic, Prokhorov shuttered the building, laid off workers, stopped paying the monthly lease to Nassau County and walked away from debt obligations as well.