Nassau Coliseum operator Mikhail Prokhorov is shuttering the arena indefinitely, as he attempts to sell his management contract in the wake of an uncertain venue future due to the coronavirus pandemic. (more…)
Tag Archives | Mikhail Prokhorov
Joe Tsai Finalizes Purchase of Nets, Barclays Center
Joe Tsai has acquired full ownership of the Brooklyn Nets and Barclays Center, as it was announced Wednesday that the transaction has closed. (more…)
Joe Tsai Agrees to Buy Nets Controlling Interest, Barclays Center
Billionaire Joe Tsai has agreed to buy the controlling interest in the Brooklyn Nets and the Barclays Center from Mikhail Prokhorov, the team announced Friday. (more…)
Report: Joseph Tsai to Buy Remaining Share of Brooklyn Nets
Billionaire Joseph Tsai is close to buying a remaining 51% stake in the Brooklyn Nets from Mikhail Prokhorov, according to a New York Post report. (more…)
Joseph Tsai Reportedly in Talks to Purchase Barclays Center
Billionaire Joseph Tsai is reportedly in talks to buy Barclays Center from Mikhail Prokhorov, a move that could bolster Tsai’s potential majority ownership of the Brooklyn Nets. (more…)
Barclays Center Bonds Could be Downgraded
Citing concerns over the sale of a 49% stake in the Brooklyn Nets, Standard & Poor’s warns that the bonds that backed construction of the Barclays Center could be downgraded. (more…)
Joseph Tsai Reportedly Buys 49% Stake in Brooklyn Nets
Joseph Tsai has reportedly agreed in principal to purchase a 49% stake in the Brooklyn Nets, with terms that could allow him to eventually buy the controlling interest. (more…)
Interest Reported in Brooklyn Nets
Several groups that have expressed an interest in purchasing the Brooklyn Nets, according to a report from The New York Post. (more…)
Barclays Center Debt Restructured
Mikhail Prokhorov has restructured Barclays Center debt, saving $90 million in future interest payments owed on the home of the Brooklyn Nets (NBA) and the New York Islanders (NHL). (more…)
Ledecky Discusses New York Islanders, Nassau Coliseum, Sound Tigers
Now that Jon Ledecky and Scott Malkin have control of the New York Islanders, the pair reiterated their commitment to Barclays Center, their disinterest in playing any games at the renovated Nassau Coliseum, and the unlikely prospect of moving the Bridgeport Sound Tigers (AHL) to Long Island. (more…)
