NBA's Nets confirm entertaining sale offers, say 'nothing imminent'

Reuters News
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Posted: Jan 13, 2015 3:16 PM

(Reuters) - The Brooklyn Nets on Tuesday confirmed a report that it was entertaining offers for the sale of the NBA club, saying it was "always open" to overtures, but added no deal was imminent.

A Bloomberg report, citing two sources, said Russian billionaire Mikhail Prokhorov has retained Evercore Partners to sell the National Basketball Association team he bought in 2010 for $223 million.

"As we have said for many months, ownership is always open to listening to offers – that’s just good business," Prokhorov spokeswoman Ellen Pinchuk said in an email to Reuters.

"There is nothing imminent in terms of a sale of any stake in the team."

Prokhorov, 49, the first foreign owner of an NBA team, holds 80 percent of the club and 45 percent of Barclays Center, its 2-1/2-year-old arena. The Nets lost a reported $144 million last season.

(Reporting by Steve Ginsburg in Washington; Editing by Eric Beech)