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New Nyets Owner is Excited About the Terrible Team He Bought

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Mikhail Prokhorov

Mikhail Prokhorov—the Russian billionaire poised to become the majority owner of the Nets and partial owner of the Brooklyn Barclays Center where they'll play— told 60 Minutes he's “real excited to take the worst team of the league and turn it to be the best.” The chiseled basketball fan was the subject of two in-depth profiles recently that offered a glimpse into the life of Russia's second richest citizen. He says it was New York that drew him to the Nets. “I love huge cities: the feeling of pace, of energy. Outside of my hometown, Moscow, New York is the place I feel most comfortable," he wrote in an email to the Times.

Regarding his homeland and vast fortunes—17.8 billion at last count—Prokhorov told Bloomberg Market magazine that Russia in the early 1990s was “cowboy territory with no sheriff.” But apparently not anymore since, he claimed, the last time he paid a bribe was 15 years ago.

Regarding basketball, he admitted he watches Nets games only “from time to time on DVDs which they send me.” Asked if he'd fish for big-name players like LeBron James or Dwyane Wade, he said “We will certainly try to use a large number of free agents over the next two seasons.” And though he won't immediately replace the Nets' financial officers with fellow countrymen as his blog suggested, in the future he may: “I do plan to incorporate a young, talented Russian manager with a successful background in European basketball into the team’s management, someone who can develop to the level of N.B.A. basketball over time and fully grasp basketball as a business,” he said.

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Comments [rss]

  • BongoBoy

    Careful, now. The controlling owner of the Knicks will soon be the controlling owner of this website. Beware.

  • tracy collins

    he got a great deal on a great piece of brooklyn real estate, with an nba team tossed in. he had ratner by the short & curlies, and the nba will look the other way for a free-spending billionaire that's willing to dabble in sports.

  • billybob

    Totally bad investment- low price, new arena, biggest market in the world, draft picks, cap space, etc. What was he thinking?

  • FelixtheCat & Christine Quinn'

    bad investment for all except Marty

  • I saw this guy on CBS Sunday Morning. Something tells me he will succeed. Also, he is in serious need of bleaching his teeth.

  • billybob

    This will be the end of the bad Nets era.

  • GOP

    Better to buy a team at its worst than at its best. Cheaper.

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