The Brooklyn Nets have been at least partially up for sale for the past few years, but Russian billionaire Mikhail Prokhorov is still the majority stakeholder. After failed attempts to sell off minority stakes in the NBA franchise, the majority stake is up for grabs, though as of yet nothing official has happened on that front.
That could soon change.
Josh Kosman of the New York Post reports there have been “several” expressions of interest.
“There’s no official sale book bouncing around yet when it comes to the Brooklyn Nets, but already the investment bank Allen & Co. has received several expressions of interest, The Post has learned,” Kosman wrote early Sunday morning.
Kodsman also reports one person who may be among the “several,” namely Alibaba Executive Vice Chairman Joe Tsai. Though, when approached about Tsai’s reported interest, “reps for his family office, Blue Pool, deny it.”
Additionally, there have been reports suggesting the Nets are hoping to find a Chinese buyer.
As we’ve heard in relationship to the Houston Rockets, which are also up for sale, the Nets are hoping to fetch upwards of $2 billion-plus. If that seems absurd, consider that, while the Nets are awful, they are also in a prime location nationally and play in a brand new stadium.