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December 23, 2010
Prokhorov Tells Russian Media Nets Have "Explosive Profit Potential"
NetsDaily
In an interview published Thursday in Vedmosti, Russia's leading financial journal, Mikhail Prokhorov once again says the Nets will be NBA champions by 2015 and that his investment in the team and arena will be worth $700 million as soon as they move to Brooklyn in 2012. He also expects to earn an annual profit of $30 million in Brooklyn.
Prokhorov called the Nets a "project with explosive profit potential" noting, "We have a team, we're building the arena, we've hired professional management". He adds that he also holds an option to buy part (20%) of the overall Atlantic Yards. As for the current situation, the Nets' owner tries to divert the interviewer from their on-court problems by playfully noting they have just added draft picks!
NoLandGrab: As they say in Moscow, yada yada yada. And he forgot to reiterate his claim that they would make the playoffs this season.
Posted by eric at December 23, 2010 6:26 PM