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Volume 24 No. 117
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Prokhorov Looking For Buyer To Purchase 49% Stake In Nets

Nets Owner Mikhail Prokhorov has "told Russian media he's selling a 49 percent stake in the NBA club." Prokhorov "announced his intention to sell a minority stake in December." He added in comments to Russian news outlet R-Sport that "currently the process is going on and we are looking for a buyer" (AP, 4/21). The news comes a week after sources said that Onexim Sports & Entertainment President Irina Pavlova, a top adviser to Prokhorov, is leaving the Nets next month (THE DAILY).