News: Mikhail Prokhorov puts Brooklyn Nets up for sale

Brooklyn Nets owner Mikhail Prokhorov is moving to sell his share of the NBA team, Bloomberg News reports. Prokhorov has hired the Evercore Partners financial group to sell the team.

Prokhorov owns 80 percent of the Nets and 45 percent of their home, the Barclays Center, which is not for sale. The Nets are estimated to be worth $1.3 billion, but could fetch more than the $2 billion ex-Microsoft CEO Steve Ballmer paid for the Los Angeles Clippers last year.