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Brett Yormark: Mikhail Prokhorov not looking to sell, "plans to be an owner for a very long period of time"

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Mike Stobe

In an interview Friday with Reuters, Brett Yormark once again tried to put to rest rumors that Mikhail Prokhorov is looking to sell the Nets --or take on investors-- and "plans to be an owner for a very long period of time."

Asked by a Reuters reporter in Shanghai if the a Chinese investor in the Nets would help the team brand in China, Yormark replied...

"Mikhail Prokhorov, our principal owner, is not looking to sell the team and, for that matter, he's not necessarily looking for investors. He loves the Brooklyn Nets. He plans to be an owner for a very long period of time and is really focused on how we build the Brooklyn Nets brand as well as the Brooklyn Nets product. And that is what he is most focused on."

Of course, Prokhorov's future with the Nets has been big news over the past week. NetsDaily reported that Prokhorov, along with Yormark and minority owner and arena developer Bruce Ratner had met in Moscow with Todd Boehly, the president of Guggenheim Partners, regarding a "combination of assets" between the Nets ownership and a new Guggenheim partnership, Guggenheim Sports & Entertainment Assets. Under terms of any deal, sources close to the talks said Prokhorov would retain control of the Nets and Ratner control of Barclays Center.

Meanwhile, Mitch Abramson of the Daily News reports that despite reports that the deal is dead, "The Nets are currently reviewing 'multiple' proposals from the Dodgers parent group about a possible merger of corporate assets."

Quoting a "source a source close to the Nets," Abramson adds "There remains 'interest' on both sides" but because of media attention, "discussions have been tabled and are in a holding pattern ... but they have not been terminated."  The Post reported Friday that Nets and Guggenheim deal may well be off.

Yormark, in his comments, seems to suggest that Prokhorov was willing to continue his ownership with or without partners.