The investment by Mikhail Prokhorov in 2010 might be the biggest net return in sports history. $223M paid (which was essentially covering the debt at the time) in 2010 for 80% of the Nets and 45% of the Arena. The team and Arena are now projected to sell for $3.5 Billion.
— Bobby Marks (@BobbyMarks42) August 16, 2019
Not a bad return for Prohorov.
Let’s hope this doesn’t start a trend of Sports franchise flippers.
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