Mikhail Prokhorov has been looking to sell a minority stake in the Brooklyn Nets -- 49 percent -- but talks have slowed because he is looking for $1.5 billion, putting the overall team value at $3 billion. Prokhorov's estimation includes both the team and the Barclays Center, according to Forbes, but the price is hefty either way. Steve Ballmer bought the Los Angeles Clippers for $2 billion last year, but that team was very profitable, while the Nets are losing money. Selling a 49 percent stake means Prokhorov would retain majority control of the organization.
Nets sale stalls because Mikhail Prokhorov reportedly values team at $3 billion
SB Nation | Apr 4