In an interview with VenuesNow, Brett Yormark says sales talks between Mikhail Prokhorov and Joe Tsai began “last spring.”
“I knew there was going to be an end to one chapter and the beginning of another. Ownership effectively told me last spring that (selling the majority share to Joe Tsai) was something they were contemplating. I extended my deal through December to provide oversight of the transaction.”
The sale, for a reported $3.5 billion, included both the Nets and Barclays Center. Originally, the plan was for Tsai, who purchased 49 percent of the team last year, to take over in 2021.