After the Milwaukee Bucks surprising $550 million sale and the Los Angeles Clippers $2 billion offer from Steve Ballmer, other NBA owners now realize their team is worth more than they thought. One particular owner is Brooklyn Nets billionaire, Mikhail Prokhorov.
via Yahoo Sports:
In the wake of the Los Angeles Clippers selling for a league-record $2 billion, Russian billionaire Mikhail Prokhorov has been open to overtures from potential buyers for the Brooklyn Nets, league sources told Yahoo Sports.
“Just listening so far,” a league official with direct knowledge told Yahoo Sports. “They haven’t indicated a desire or willingness to sell. …Nothing was initiated by [Prokhorov].”
Prokhorov is worth a reported $11 billion but he’s put a ton of money into the Nets already. He owns 80% of the team and bought his share for $223 million. He also helped put them in the swanky new Barclays Center which he also owns 45% of. He also spent a record breaking $190 million on the Nets 2013-14 roster including salary and luxury tax. He has however made the team much more profitable since the move and upgrades and with them being in New York, the largest market, they should fetch around $2 billion as well (less than the Knicks). But right now, he’s just listening.
