I’m guessing Brooklyn Nets owner Mikhail Prokhorov was looking for a $2 Billion price tag to sell his team. The Russian billionaire has reportedly called off his agreement with an investment bank to sell the the team because he hasn’t received a big offer.
Since last spring when Steve Ballmer purchased the LA Clippers for $2 billion, Prokhorov has been intrigued with the thought of doing the same with the Nets.
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.”
Prokhorov purchased 80% of the team in 2011. He also owns 45% of the Nets home arena, the Barclays Center.
