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.
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.