Mikhail Prokhorov selling 49% of Nets

[Floyd Pinkerton]

Nets worth 1.8 billion he probably want atleast 875 million.

That's an aggressive valuation.

 

[No Homo]

Hes going to have a hard time finding someone willing to shell out damn near a billion to be a minority owner.

 

[FaTaL]

breh. Was just reading this on Netsdaily.



Thinking "interesting, looks like Putin might not have got him". Then I got to the next paragraph.





LINK

Putin is a gangster

Even billionaires sh!t their pants in front of him

He even made those Russian billionaires pay for the Winter Olympics knowing that they were going to lose a lot of money

 

[FaTaL]

Hes going to have a hard time finding someone willing to shell out damn near a billion to be a minority owner.

Not really once u own 49 percent your one step away from being number 1. I think it's clear Putin got to him somehow and if you know Putin he never stops so I bet he eventually sells the rest in 2-3 years

 

[Brady-Carter]

That's an aggressive valuation.

I think that also includes the arena. The Russian is trying to sell only 49% of the team.

Six months after he said he planned to sell a minority stake in the Nets, Mikhail Prokhorov told RIA Novosti, the Russian news agency, Friday 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.

Also, the NBA reportedly wanted the Russian oligarch to sell equal stakes in the team and Barclays Center. The Nets resisted doing that. It’s unknown if ownership and the league have resolved the issue. The league reportedly believed there’s a potential for a conflict-of-interest without such a joint sale. The combined value of the two assets is $1.8 billion, according to Forbes.

LINK

 

[hayesc0]

How much of a total stake does he own?

 

[MF budz]

It's more than you have breh. And more than what 99.9% of people in the world have . Don't lose sight of your reality in celebrity culture

Jay Is thay you?:Yeahok2:

 

[director_of_bands]

It's more than you have breh. And more than what 99.9% of people in the world have . Don't lose sight of your reality in celebrity culture

 

[Pure Water]

Lets scrape up some money y'all. Change Barclays Center into The Coli.

 

[e001]

So you equate me calling out Jay Z for overhyping his 0.1% ownership stake in a basketball team, just to be the face of gentrification in Harlem with dehumanizing him?

It's clear your overly sensitive when your idol Jay Z is being rightfully criticized. Real ordinary black people were negatively affected by this so called "deal" this clown made and its pathetic that you'd be willing to overlook that type of treachery simply because the nikka can rhyme on a hot beat.

fukk that and fukk Jay Z.

 

[beenz]

lets see if Jay Z really got the money he say he got

he should be able to buy it right?

I'm sure the value of the nets is very low. now would be the time to buy if you got that kinda bread. kinda like what did with the hornets.

 

[L. Deezy]

First thing you thought of is how the shyt on a black man you don't know.

Lame

its not shytting on him. Its hoping he can go from 0.2% to 49%

 

[pete clemenza]

those the seats/view you get when you have the amount of shares he had

Man when I heard that "I can park at my own arena" line I thought dude had at least a Magic Johnson(5% of the Dodgers) type of stake in the team. I was like Then I found out that sh*t was like a quarter of a percent But still I would've kept buying more shares of the team if I was Jay. At least be close to 10% or more by now. Way better investment than Tidal and maybe even better than some of the venture capital stuff he's doing now which is a huge gamble. Ain't nothing like being part of a franchise ownership group in one of the top three sports leagues in the US. New tv contracts kicking in, global broadcasting rights Should've been more into it than just making it a line for his latest album. He was on some 'next next next level shyt' and seems like he didn't even know it. Just my thoughts, you do the dishes

 

[Francis White]

What do the Nets in Brooklyn have to do with gentrification in Harlem?

 

[Supa]

How liquid is Jay-Z though?

Even if he has a net worth in the 300M range, NBA teams cost a lot.
Based on this Forbes article the Nets are valued at 1.8 billion.

The Knicks And Lakers Top The NBA's Most Valuable Teams 2017

It would take a fairly big team of investors with Jay to buy the team.
Being a minority owner is possible though.

Bey could put something on it