January 14, 2015

Rumor says Aliko Dangote to Buy Brooklyn Nets Basketball?

Africa's richest man Aliko Dangote rumored  to buy part of  the Brooklyn Nets Basketball team which the current owner, Russian billionaire Mikhail Prokhorov, is planning to sell.

Bloomberg News reported that Prokhorov has retained Evercore Partners to sell the franchise he acquired majority ownership of in May 2010 for $223 million. A league source said Evercore will gather bids potentially as soon as the end of the month. 

Sources likewise confirmed a report from Bleacher Report that the struggling Russian economy is a factor. Rumor that Dangote may be interested in buying, either as a fractional owner, or main owner a way to  boost his international recognition. Details later.

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