clock menu more-arrow no yes

Filed under:

Prokhorov: Expect Immediate Profits in Brooklyn

New, comments

Despite soaring losses in New Jersey, Mikhail Prokhorov told the Moscow Times he expects the Nets to be profitable their first season in Brooklyn...2011-12. Russia's richest man added that he won't put up any of his own money up in the Nets deal, but will instead borrow it. Regarding next week's Court of Appeals hearing, Prokhorov said "We don’t see any problems" but critics plan to file yet another suit to stop the move.