What Do We Know so Far About Brooklyn Nets’ Sale?

January 27th, 2015 by Fred Katz Leave a reply »

The Brooklyn Nets are for sale, and owner Mikhail Prokhorov is about to make a killing.

It's been at least a few months since Prokhorov's group started looking for a buyer, and we haven't heard much come out of the woodwork. Even though he stands to make a boatload of money, it doesn't seem like he's handing the team over to someone else any time soon.

"In terms of Prokhorov, he's told us same as what his spokesperson has said publicly, that there's nothing imminent," NBA commissioner Adam Silver said in mid-January, per ESPN. "He hasn't determined that he's absolutely going to sell, but he's listening to offers, and that's an ongoing process right now."

The Nets sale, though, is hardly a rush.

Prokhorov, who purchased the Nets for $223 million back in 2010, is about to make a massive profit upon the team's sale, and he's happy to wait around for the highest bidder.

"As we have said for many months, ownership is always open to listening to offers -- that's just good business," a Prokhorov representative said in a prepared statement, according to that ESPN story. "There is nothing imminent in terms o ...

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