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Dodgers Coming to Brooklyn?! Fuhgeddaboudit

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Mikhail Dmitrievitch Prokhorov is a Russian billionaire, politician, and owner of the American basketball team the Brooklyn Nets. (Photo Credit: Wikipedia)

The Guggenheim sports and entertainment is highly interested in “buying” the Brooklyn nets.  However, Mikhail Prokhorov (owner of the Brooklyn Nets) is uninterested in an outright sale. Right now the Nets could go for about $1.7 billion, but Prokhorov feels that in the long run it would not be worth it to “cash out now.”

Prokhorov currently owns 80% of the Nets, and 45% of Barclays Center.  Back in 2010 Prokhorov paid a nice $225 billion for the Nets and he is not done spending his money.  In the 2013-14 seasons the Nets set an all-time high record of spending money, they hit $200 million in luxury taxes and salaries.

The Guggenheim sports and entertainment was also interested in buying the LA clippers, that is until Microsoft’s Steve Ballmer bought the clippers form previous owner Donald sterling (who is now banned completely form the NBA) for a whopping $2 billion. The next best team the Guggenheim sports and entertainment group is interested in buying the Brooklyn Nets.

The Dodgers who originated in Brooklyn was bought by the Guggenheim and Sports Entertainment, in 2012 for a solid $2.15 billion in 2013.

Prokhorov does not want to sell his share of the nets, or Barclays center more specifically the nets. Prokhorov and Guggenheim sports and entertainment met in Moscow to discuss selling transactions but they both disagreed in the deals, leaving Moscow “empty handed” in the same position.

Prokhorov is also moving away from his political power, after losing to Vladimir Putin in 2012 for Russian President.  Later on he abandoned the idea of running for mayor of Moscow. This gave him the opportunity to focus more on his NBA stance.  Prokhorov is open to investors but hates the idea of selling.  Reminder:  Prokhorov back in 2010 pledge he would win a NBA title within the next 5 years, this is the 5th and final year, and if no NBA title is won, fans will get really mad, and Prokhorov might even sell the team.

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