Mikhail Prokhorov has hired powerhouse investment banker Allen & Co. to sell part of the Nets.
In a statement released Tuesday afternoon, Prokhorov, who is in New York this week, stated...
“I am beginning the search for a strategic minority ownership partner of the Brooklyn Nets. I have retained Steve Greenberg, Managing Director of Allen & Company, to assist me in this process. As I’ve said, I’m passionate about owning the Nets and our emerging sports and entertainment businesses, and will continue to look at growth opportunities. My goal in seeking a local minority partner is to further strengthen the team’s New York presence in order to expand upon our business and community relationships.