Late last week, SB Nation Nets site NetsDaily broke the news that Mikhail Prokhorov was in discussions with the Guggenheim Group–which owns the MLB’s Los Angeles Dodgers–on a possible “combination of assets” that would result in Prokhorov maintaining control of the Nets with partial owner Bruce Ratner taking over the Barclays Center.
In the proposed deal, reportedly, Prokhorov and Ratner’s shares in their respective entities would decrease but they would still retain majority ownership of the franchise and arena.
This still means that Prokhorov could be looking to cash out of the Nets completely, absolve himself of any fiscal responsibility, and reap in the profits from the increasingly valuable NBA, which saw the Los Angeles Clippers sold for roughly $2 billion earlier this year to Steve Ballmer.
Even though publicly, Prokhorov has asserted that he’s all-in on Brooklyn and the Nets for the long haul, it probably would–for the business-savvy aspect of his character–be hard to ignore just how much money he could stand to make from selling the team.
Add The Sports Daily to your Google News Feed!
