The Brooklyn Nets’ Owner Is Exploring Selling the Team [Details]
Mikhail Prokhorov, the Russian billionaire and majority owner of the Brooklyn Nets and partial owner of the Barclays Center, is exploring his options into selling the team. According to Bloomberg News, Prokhorov has enlisted the help of Evercore Partners Inc. to sell the NBA squad he purchased back in 2010. Exact figures are unknown, but estimates place the teams value at $1.3 billion with the arena being worth even more. The sale of the LA Clippers last season drew a record breaking $2 billion purchase by Microsoft Corp. Chief Executive Office Steve Balmer last summer, but could the NBA be in for an even bigger sale less a year later?