NEW YORK - MAY 18: (EXCLUSIVE) Nets owner Mikhail Prokhorov with cultural icon and Nets investor JAY-Z celebrate Prokhorov's purchase of the team at lunch today at JAY-Z's 40/40 club on May 18, 2010 in New York City. Prokhorov is representing the Nets tonight at the NBA Draft Lottery in which the team could secure the first pick. (Photo by Larry Busacca/Getty Images for New Jersey Nets)
In a profile of Mikhail Prokhorov and Jay-Z, Danny Massey of Crain's New York asked the Nets principal owner if he's concerned about a big luxury tax bill this season. Disdain is not too strong a word to describe his reaction.
"I'm willing to spend the money to build a championship team. Not a playoff team, but a championship team," Prokhorov told Massey. "I am only interested in what will bring us a championship team. That is the sole criterion."
Besides, as Prokhorov told Massey, the value of his investment in the team and arena, helped by Jay-Z and the Brooklyn buzz, is "worth at least double already." And Prokhorov plans something that could add to its luster. He promises to rap with Jay-Z on September 28. "I am in rehearsals now 10 hours a day and plan to demand joint billing." He's kidding, right?
Nuts for the Nets - Danny Massey - Crain's New York