Once-boastful Prokhorov backing out of Brooklyn
Nets Owner Reportedly Looking to Sell Majority Stake in Franchise
Mikhail Prokhorov came busting into Brooklyn boasting of championship banners he’d soon hang from Barclays Center rafters, even going as far as to bet his reputed bachelorhood on it.
It appears the Russian billionaire and Brooklyn Nets owner is tip-toeing his way back out of our fair borough, very quietly and without a championship bauble or wedding ring on his finger.
According to a report in the New York Post last week, Prokhorov, who has previously tried in vain to sell a minority stake in the franchise without giving up his control of the team’s state-of-the-art Downtown arena, is now seeking a “two-part process” by which he can pull out of Nets ownership.