Wall Street Ready as Prokhorov Prepares to Sell the Brooklyn Nets

Brooklyn Nets owner Mikhail Prokhorov is reportedly ready to sell the National Basketball Association (NBA) franchise.

The Russian billionaire is believed to have called on independent investment banking advisory firm Evercore partners to sell the team he purhased in 2010, allergist according to sources close to the matter.

The sale of the Nets may cost more than the current NBA record of $2 billion which Microsoft CEO Steve Balmer paid for the Los Angeles Clippers last year.

Read more HERE.

{jcomments on}