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MIKHAIL PROKHOROV RUMORS

Nets set to pay record luxury tax bill for 2013-14 season

The Brooklyn Nets and owner Mikhail Prokhorov have never been shy about spending money, but this is a little crazy. On Wednesday the NBA released its audit of teams ahead of the start of the new fiscal year (which starts at midnight) and the Nets will pay a ridiculous, record luxury bill. According to Brian Windhorst, the Nets owe $90.57 million in luxury taxes for the 2013-14 season...
Via Rumors and Rants
19 days ago  |  Discuss

Prokhorov, Russians “done” with Jason Kidd as Nets coach

Photo Credit: AP Just a couple of hours ago, a story emerged out of nowhere that Nets coach Jason Kidd made a power play with the team, demanding a front office position. When the team declined, the Milwaukee Bucks requested and were granted permission to speak with Kidd about a position in their organization. As the story unfolds throughout the night, another detail has emerged...
Via New York Sports-Kings
June 29, 2014  |  Discuss

Nets owner to trim spending to get $1B valuation

Brooklyn Nets owner Mikhail Prokhorov, with hopes of winning a $1 billion valuation for his team, has agreed to end his free-spending ways, The Post has learned. The 49-year-old Russian billionaire feared the red ink spilled by the team — in large part because of his history of deficit spending — would discourage some potential bidders from forking over enough cash for Bruce...
Via Pro Sports Daily
June 25, 2014  |  Discuss

Nets owner on rumors he’s listening to offers: Nyet!

They can ask. But Mikhail Prokhorov does not want to sell. Responding to a report he is “listening” to offers from potential buyers for the Brooklyn Nets, the Russian billionaire owner made it clear he wants to keep the franchise. “We have no interest in selling the team,” Prokhorov said in a statement. When the Clippers situation with Donald Sterling resulted in a $2...
Via Pro Sports Daily
June 15, 2014  |  Discuss

Report: Mikhail Prokhorov listening to offers for Nets

Mikhail Prokhorov has been listening to offers for the Brooklyn Nets following the sale of the Los Angeles Clippers for $2 billion. "Just listening so far," a league official with direct knowledge told Yahoo Sports. "They haven't indicated a desire or willingness to sell. …Nothing was initiated by [Prokhorov]." Prokhorov has been curious how much his stake...
Via RealGM
June 14, 2014  |  Discuss

Sources: Mikhail Prokhorov listening to offers for Nets

In the wake of the Los Angeles Clippers selling for a league-record $2 billion, Russian billionaire Mikhail Prokhorov has been open to overtures from potential buyers for the Brooklyn Nets, league sources told Yahoo Sports. "Just listening so far," a league official with direct knowledge told Yahoo Sports. "They haven't indicated a desire or willingness to sell...
Via Pro Sports Daily
June 14, 2014  |  Discuss

Nets owner Mikhail Prokhorov to move business back to Russia

PHOTO COURTESY: NJ.COM With the annexation of Crimea being one of the biggest topics around the world and getting more complicated by the day, why would anyone want to bring their business over to Russia? Maybe if you were a Russian billionaire, you would consider such a move; and that is exactly what Nets owner Mikhail Prokhorov plans to do.  Now, the next question is, what impact...
Via New York Sports-Kings
March 24, 2014  |  2 Comments
ONE RING OR ANOTHER

Prok may punish self with marriage

In a recent interview with the NY Post, Nets owner Mikhail Prokhorov said if the Nets don't win a title in the next three seasons, he will tie the knot as a means of discipline. 

Via That NBA Lottery Pick
October 30, 2012  |  1 Comment

Mikhail Prokhorov: If the Nets don’t win a title I’ll punish myself by getting married

Brooklyn Nets fans who are expecting big things from their team in the post-New Jersey era can rest assured knowing that the team’s owner feels the same. Mikhail Prokhorov expects the Nets to win a championship in the very near future. The Nets owner has vowed to deliver for the fans since he took over more than two years ago, and he took it a step further during a recent interview...
Via Larry Brown Sports
October 30, 2012  |  1 Comment
UNIFIED STEADY FLOW

Nets owner says he will rap with Jay-Z

When the Nets open their new stadium this fall, Jay-Z will not be the only part-owner of the Nets rapping on stage. 

Via Larry Brown Sports
August 06, 2012  |  Discuss
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