Six months after he said he planned to sell a minority stake in the Nets, Mikhail Prokhorov told RIA Novosti, the Russian news agency, that he hasn’t yet found a buyer. The Nets long time owner also confirmed reports that he wants to sell 49 percent of the team, valued by Forbes at nearly $900 million.
Prokhorov said in November that he’d hired Allen & Co. to find a local minority investor for the Nets “to further strengthen the team’s New York presence in order to expand upon our business and community relationships.” At the time, he didn’t put a precise number on the stake he wants to sell, but there were reports, including on NetsDaily that he wanted to sell “up to 49 percent.