The Brooklyn Nets are on the market.
Team owner Mikhail Prokhorov announced Tuesday that he would begin exploring selling his ownership shares less than five years after he first purchased the team to begin with.
Prokhorov has retained the firm Evercore Partners to aid him in the transaction, according to Bloomberg.
The decision to sell the Nets comes after Prokhorov, a Russian oligarch, lost a significant amount of money in his home country thanks to the ever-weakening ruble. However, selling the team will recoup some serious cash on his part -- one need look no further for the $2 billion-plus dollars that Microsoft CEO Steve Ballmer paid in order to take control of the Los Angeles Clippers last year.
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