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Mikhail Prokhorov Announces He Is Looking to Sell Minority Stake in Nets
- Updated: November 30, 2016
Brooklyn Nets owner Mikhail Prokhorov is looking for a minority partner in an attempt to improve local ties to New York City.
The Russian billionaire explained his strategy Wednesday, per Darren Rovell of ESPN.com:
As I’ve said, I’m passionate about owning the Nets and our emerging sports and entertainment businesses, and will continue to look at growth opportunities. My goal in seeking a local minority partner is to further strengthen the team’s New York presence in order to expand upon our business and community relationships.
Prokhorov first became …
