Mikhail Prokhorov was reportedly working with a bank to sell the Brooklyn Nets but it hasn’t netted any big offers like the $2 billion Steve Ballmer put up for the Los Angeles Clippers so Prokhorov has ended the deal.
Brooklyn Nets owner Mikhail Prokhorov has ended his agreement with investment bank Evercore Partners, who he hired to explore a sale of the team, banking sources told ESPN.com on Tuesday.
“Nothing has happened and they’ve been talking about it (in the media) for a year,” Nets CEO Brett Yormark said last week on a panel in Manhattan. “So I’d probably say I don’t think anything is going to happen. We have an ownership group that is very committed.”
This doesn’t necessarily mean he’s no longer interested in selling the team, he just wants better offers. The team is in a prime location in the booming Downtown Brooklyn but they have a lot of work to do on the court and even more in building a loyal fan base.
