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August 1, 2011
Owner Profiles: Atlantic Division
HoopsWorld
by Jason Fleming
New Jersey Nets – Mikhail Prokhorov
Ownership Group: Prokhorov owns an 80% stake in the Nets. Bruce Ratner, the previous owner, has the majority of the remaining 20%, with the rest owned by Sean "Jay-Z" Carter.
Purchase Price (year): $260 million (2010)
2010 Forbes Valuation: $312 million
2010 Forbes Revenue: $89 million
Education: Bachelor's, State Institute of Moscow
...Notable Team Achievements: The Nets won just 12 games in 2009-10, but doubled that total to 24 in 2010-11.
NoLandGrab: Wow, doubled their win total! Impressive. Unless Prokohrov bought out all the other minority owners brought in by Ratner, there should be numerous other names on the list of ownership stakes.
Posted by eric at August 1, 2011 9:54 AM