Bloomberg News sports business writer Scott Soshnick reports what has long been the rumored direction of the Brooklyn Nets: owner Mikhail Prokhorov is selling the team.

Prokhorov purchased an 80 percent stake in the team for $220 million in 2010. As a reminder, Los Angeles Clippers owner Steve Ballmer recently bought his team for $2 billion. A big-market franchise like the Nets is going to be able to command a similar price. Prokhorov, you are nothing if not a shrewd businessman.

UPDATE: 

A representative for Prokhorov spoke to NetsDaily about the rumor: 

As we have said for many months, ownership is always open to listening to offers – that’s just good business.  There is nothing imminent in terms of a sale of any stake in the team.

So, Prokhorov isn't exactly rejecting the rumor that the Nets are for sale; he's just saying that he hasn't gotten any good offers for them. What a reassuring non-denial. 

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[via Scott Soshnick]