Latest On The Potential Sale Of The Nets

The Nets’ franchise is drawing interest from potential buyers and owner Mikhail Prokhorov is hoping to garner a $2 billion offer for the organization, Josh Kosman of the New York Post reports. Prokhorov recently attempted to sell a minority stake in the franchise. However, that fell through, leading the Russian billionaire to parse offers for the entire franchise.

Alibaba Executive Vice Chairman Joe Tsai reportedly has interest in buying the franchise and Kosman hears that he is trying to “box out others in the sales process.” It’s worth noting that a representative from his office, Blue Pool, has denied the rumored interest.

The Nets would like to find a Chinese backer, Kosman adds. Brooklyn’s executive VP of Global Partnership was in China last month setting up upwards of 20 meetings with potential buyers and partners.

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