Report: Prokhorov Willing To Sell Nets ‘For The Right Price’

October 3, 2014 2:20 PM

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 , 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 .

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 reported.

On Twitter, Newsday’s Rod Boone also disputed the idea of Prokhorov walking away from his post as big boss:

#Nets and Guggenheim Sports & Entertainment are NOT talking about a "stake sale," according to source. They're trying to create partnership "

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