Report: Prokhorov Willing To Sell Nets 'For The Right Price'
NEW YORK (CBSNewYork) -- Mikhail Prokhorov is reportedly open to selling a portion of the Brooklyn Nets.
But one major detail is in question: Would he part with a controlling stake?
The Russian billionaire would give up the reins "for the right price," according to ESPN.com, confirming a report Thursday that the team has been in talks with Guggenheim Partners, the owners of baseball's Los Angeles Dodgers.
Prokhorov's engagement with Guggenheim was first reported by NetsDaily.com.
The sides have discussed a "combination of assets" that include the Nets and Brooklyn's Barclays Center, according to the website. Prokhorov would retain control of the Nets while Bruce Ratner would remain principal owner of their state-of-the-art arena, NetsDaily.com reported.
On Twitter, Newsday's Rod Boone also disputed the idea of Prokhorov walking away from his post as big boss:
It appears Guggenheim CEO Mark Walter isn't about to give up control of the Dodgers in any potential swap, either.
"I have no intention of selling the Dodgers or moving them into a new ownership group," he told ESPN.com.
It was reported in June that the free-spending Prokhorov, who bought the Nets in 2010, was planning to limit his expenditures in an effort to get his team to the $1 billion valuation mark. Former Microsoft CEO Steve Ballmer recently purchased the Los Angeles Clippers for a whopping $2 billion.
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