Prokhorov Meeting with Thorn, Yormark at All-Star Break

Beat writers have been tracking the progress of the Nets sale and although there's nothing definitive on when the NBA Board of Governors will approve Mikhail Prokhorov as owner--or whether that's the final step to put him in charge, it looks like the first planning meetings on the team's future will take place during All-Star Weekend, Feb 12-14. Rod Thorn and Brett Yormark will participate. The two first met Prokhrov in October. Among the issues: whether Thorn will continue as president of basketball operations.

From Fred Kerber, New York Post, February 1:

Incoming owner, Russian billionaire Mikhail Prokhorov, will meet with team president Rod Thorn and CEO Brett Yormark at All-Star Weekend in Dallas to discuss the state of the team and future plans. Still, there is no set date for Prokhorov's takeover. He still needs Board of Governors approval and nothing has been determined for a date. It might come All-Star Weekend. A league source said if the vote were planned then, it likely would be common knowledge but that's not the case. Prokhorov also must be granted possession of land for Brooklyn site by New York State.

From Dave D'Alessandro, Star Ledger, January 29:

The Nets organization is operating under the premise that the NBA Board of Governors will officially ratify Mikhail Prokhorov’s purchase of the team during All-Star Weekend in Dallas. Also that weekend, Prokhorov has his first planning meeting scheduled with CEO Brett Yormark and president Rod Thorn, according to an official who is not authorized to speak for the team.

From Mitch Lawrence, New York Daily News, January 30:

Once Prokhorov is officially approved in a vote of owners that will likely come in March, he's going to want to make a splash, according to an ownership source. Incidentally, Prokhorov will get his first taste of an NBA showcase event when he attends the All-Star Game next month in Dallas.

From Fred Kerber, New York Post, January 28:

Although unlikely, the Board of Governors could vote on Mikhail Prokhorov at the All-Star Game, a league source said, but a spokesman for the Russian billionaire said "no specific date" is down for his taking over the team.

From Dave D'Alessandro, Nets Blast, January 28:

Only the oligarch knows for sure, and Thorn won’t meet with him for another few weeks -- whether it’s before or after the Board of Governors vote depends on whom you consult. Right now, the final transfer is being held up by two things -- lawyers and paperwork -- but there is a meeting scheduled with Thorn and Brett Yormark before or during All-Star Weekend.

From Al Iannazzone, The Record, January 27:

Mikhail Prokhorov is expected to take over majority ownership of the Nets in the first quarter of 2010, but it probably won’t be until the very end of the first quarter.

Multiple sources said the Russian billionaire may not take control of the team from Bruce Ratner until March. It’s possible it could go into the second quarter, early April, depending on when everyone and everything is cleared from the Atlantic Yards site in Brooklyn - the "vacant possessions" condition that needs to be met for the sale to go through.

Prokhorov also needs to be approved by the NBA’s Board of Governors, which could happen next month.

X
Log In Sign Up

forgot?
Log In Sign Up

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior users will need to choose a permanent username, along with a new password.

Your username will be used to login to SB Nation going forward.

I already have a Vox Media account!

Verify Vox Media account

Please login to your Vox Media account. This account will be linked to your previously existing Eater account.

Please choose a new SB Nation username and password

As part of the new SB Nation launch, prior MT authors will need to choose a new username and password.

Your username will be used to login to SB Nation going forward.

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join NetsDaily

You must be a member of NetsDaily to participate.

We have our own Community Guidelines at NetsDaily. You should read them.

Join NetsDaily

You must be a member of NetsDaily to participate.

We have our own Community Guidelines at NetsDaily. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.

tracking_pixel_9347_tracker