It seems Brooklyn Nets owner Mikhail Prokhorov has had enough of the NBA, and is looking to cash out.
Earlier Thursday, reports surfaced of Prokhorov’s talks with the Guggenheim Sports and Entertainment Assets group about a possible sale of part of the team and the Barclays Center.
The Guggenheim group are best-known as the owners of the Los Angeles Dodgers. Chris Mannix is now reporting that Prokhorov is looking to rid himself of the Nets entirely.
Adding to @NetsDaily report, Prokhorov/Guggenheim deal could evolve into a straight sale of the team, per sources. Lot of moving parts.
— Chris Mannix (@SIChrisMannix) October 2, 2014
Multiple sources briefed on Nets/Guggenheim talks believe it will eventually become a straight sale. Prokhorov actively looking to cash out.
— Chris Mannix (@SIChrisMannix) October 2, 2014
Prokhorov paid $223 mill for the team in 2010. His controlling interest and stake in Barclays Center now likely worth nearly $2 billion.
— Chris Mannix (@SIChrisMannix) October 2, 2014
Prokhorov, who paid $200 million for the Nets four years ago, could command upwards of $1.5 billion for the franchise now.
