Sunday, March 28, 2010
Meet The New Owner of the New Jersey Nyets.
Mikhail Prokhorov is the Russian tycoon that everyone is talking about and the man who will be getting the Nets to Brooklyn. With his cash infusion of a cool $200 M, he'll have an 80% stake in the worst team in the league, inheriting possibly the worst record in NBA history, (the Nets 9 wins, are currently tied for the lowest wins ever). Congratulations Mikhail.
Anytime you're on the Forbes list (#40), people are aware of how you earned your money, and likely even more interested in how you've been spending it. A recent story on 60 Minutes profiled Prokhorov and didn't really glean anything that you couldn't find online. Not that I'm knocking 60 Minutes, but what I really want to know is what he plans to do with the Nets, particularly with all their flexibility under the cap, how he plans on drawing free agents, a coach and possibly a GM. After being behind Euroleague Champions CSKA Moscow, the 6'8 oligarch can't really employ the money talks strategy to buy a team's success. The NBA has a salary cap... and David Stern will take your money, but he won't take any bull.