[Guide] According to news from ESPN on January 14, , the owner of the Nets, Mikhail Prokhorov, has officially decided to
Selling the team, the dream of the Russian local tycoon to hit the NBA championship within five years was shattered.
In May 2010, Prokhorov bought the Nets for US$223 million, but last season the Nets lost as much as US$144 million, about 900 million yuan, ranking first in the league.
In May 2010, Prokhorov bought the Nets at a high price of 223 million U.S. dollars, and then he claimed to win the championship within five years. After that, the Nets formed Garnett, Pierce, Joe Johnson, Los Angeles
The luxurious lineup led by Pez and Deron never made it to the finals.
Last season, the Nets lost as much as 144 million U.S. dollars, or about 900 million yuan. This figure is the highest in the league, and it is even 131 million U.S. dollars more than the second-ranked team.
Regardless of the team’s management or record, Prokhorov was disheartened.
“As has been said for months, the Nets owner is listening to offers from all sides. This is a good business,” Nets owner Prokhorov’s spokesman said, “but when it comes to selling team equity
However, it will not happen in the near future.” According to Bloomberg Businessweek, Prokhorov has hired an investment banking company to be responsible for selling the Nets.
The loss of the Nets and the team’s poor record are the two main reasons for his sale of the team. According to “Bleacher Report”, the economic downturn in Russia also objectively prompted Prokhorov to sell the team.
At present, many reporters, including the well-known Yahoo reporter Andrei Wojnarowski, have confirmed the news. Woj also revealed that Prokhorov is willing to listen to quotations from buyers from all sides.
In November last year, there was news that the Nets might be taken over by the management of the MLB Los Angeles Dodgers. Prokhorov stated that he would not give up control of the Nets.
“I will not give up control of the team,” Prokhorov said before. “If there is a buyer who can provide a good offer while ensuring my control of the team, I will be very happy.”
The 49-year-old Prokhorov is the first foreign owner in the NBA. He holds 80% of the shares of the Nets and 45% of the shares of Barclays Center. According to people familiar with the matter, Prokhorov only sells the Nets.
Expert Peter Schwartz revealed that the current value of the Nets is about 1.3 billion US dollars.