Post by Heebs on Mar 24, 2015 15:21:24 GMT -6
AP – March 24, 3015
After years of sustained success in Dallas, owner of the former Dallas Mavericks franchise, Mark Cuban, has acquired the Brooklyn Nets from billionaire Mikhail Prokorov. With falling oil prices and Russian political turmoil at home, Prokorov has sold the Nets franchise to Cuban for an unknown figure.
Cuban, a polarizing figure often at odds with the commissioner, is believed to be furious over the unilateral decision to move his franchise to Oklahoma. An anonymous GM of a Midwestern conference team wrote to us that “Cuban has got a right to be upset. How do you justify relegating the defending champions to [expletive] Oklahoma? If I had to guess, it’s got something to do with the playoff scandal.” We asked the GM for details on this purported scandal, but he would not elaborate further.
Bryan Burns, a financial analyst for Bloomberg Finance and independent filmmaker, estimates that proceeds from the sale could range from 4 to 12 billion dollars, depending on whether Mr. Prokorov included the intellectual property behind the Prokorov Report. “It’s like the Apple logo or Coke’s secret formula – I can’t imagine Mikhail would have sold the proprietary software engine behind the Report without Cuban ponying up some serious cash.”
League reactions have been positive overall. Cuban, long-known as an owner with deep pockets not afraid to spend cash to win championships, is acquiring a Nets franchise with cap space next offseason. With next year’s free agent class one of the best in recent sim league history, Cuban is inheriting a rising power in the East.
We reached out to Mr. Prokorov and Mr. Cuban, both of whom declined to be interviewed for this story.
After years of sustained success in Dallas, owner of the former Dallas Mavericks franchise, Mark Cuban, has acquired the Brooklyn Nets from billionaire Mikhail Prokorov. With falling oil prices and Russian political turmoil at home, Prokorov has sold the Nets franchise to Cuban for an unknown figure.
Cuban, a polarizing figure often at odds with the commissioner, is believed to be furious over the unilateral decision to move his franchise to Oklahoma. An anonymous GM of a Midwestern conference team wrote to us that “Cuban has got a right to be upset. How do you justify relegating the defending champions to [expletive] Oklahoma? If I had to guess, it’s got something to do with the playoff scandal.” We asked the GM for details on this purported scandal, but he would not elaborate further.
Bryan Burns, a financial analyst for Bloomberg Finance and independent filmmaker, estimates that proceeds from the sale could range from 4 to 12 billion dollars, depending on whether Mr. Prokorov included the intellectual property behind the Prokorov Report. “It’s like the Apple logo or Coke’s secret formula – I can’t imagine Mikhail would have sold the proprietary software engine behind the Report without Cuban ponying up some serious cash.”
League reactions have been positive overall. Cuban, long-known as an owner with deep pockets not afraid to spend cash to win championships, is acquiring a Nets franchise with cap space next offseason. With next year’s free agent class one of the best in recent sim league history, Cuban is inheriting a rising power in the East.
We reached out to Mr. Prokorov and Mr. Cuban, both of whom declined to be interviewed for this story.
