Sports Brooklyn Nets owner Prokhorov says he’s selling 49 per cent stake

17:53  21 april  2017
17:53  21 april  2017 Source:   Sportsnet

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Prokhorov selling 49 percent stake of Nets . The Russian billionaire announced his intention to sell a minority stake in December, and now says " 49 percent of the Brooklyn shares are up for sale," in comments reported by R-Sport.

MOSCOW (AP) - Brooklyn Nets owner Mikhail Prokhorov has told Russian media he ' s selling a 49 percent stake in the NBA club. The Russian billionaire announced his intention to sell a minority stake in December, and now says " 49 percent of the Brooklyn shares are up for sale

MOSCOW – Brooklyn Nets owner Mikhail Prokhorov has told Russian media he’s selling a 49 per cent stake in the NBA club.

The Russian billionaire announced his intention to sell a minority stake in December, and now says "49 per cent of the Brooklyn shares are up for sale," in comments reported by R-Sport.

He adds that "currently the process is going on and we are looking for a buyer."

Prokhorov took an 80 per cent stake in the then-New Jersey Nets in 2010, moved the team to Brooklyn in 2012, and took full ownership in 2015.

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Brooklyn went 20-62 this season, which was the worst record in the NBA and its third consecutive season below .500.

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MOSCOW (AP) -- Brooklyn Nets owner Mikhail Prokhorov has told Russian media he ' s selling a 49 percent stake in the NBA club. The Russian billionaire announced his intention to sell a minority stake in December, and now says " 49 percent of the Brooklyn shares are up for sale

MOSCOW (AP) — Brooklyn Nets owner Mikhail Prokhorov has told Russian media he ' s selling a 49 percent stake in the NBA club. The Russian billionaire announced his intention to sell a minority stake in December, and now says " 49 percent of the Brooklyn shares are up for sale

The Nets last made the playoffs in 2015, losing to the Atlanta Hawks in the first round.

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