Mikhail Prokhorov told Russian media he’s selling a 49 percent stake in the Brooklyn Nets.
The 51-year-old owner announced his intentions to sell a minority stake back in December.
The Russian billionaire announced his intention to sell a minority stake in December, and now says “49 percent of the Brooklyn shares are up for sale,” in comments reported by R-Sport.
He adds that “currently the process is going on and we are looking for a buyer.”
Prokhorov has taken the Nets on a wild ride since seizing control back in 2010. He moved the team to Brooklyn in 2012 and took full ownership in 2015.