The Brooklyn Nets are receiving interest in selling their franchise to parties from the United States and abroad.
Chinese conglomerate Fosun and the Qatari government’s investment fund have signaled an interest in buying the Nets from Mikhail Prokhorov.
David Geffen is also interested one year after he was unsuccessful in purchasing the Los Angeles Clippers.
Dick Parsons, who was interim CEO of the Clippers, also has interest. Parsons would need to line up investors.
The NBA hasn’t given Prokhorov clarity on whether he can sell his 80 percent stake in the team separately from his 45 percent stake in the Barclays Arena, where the Nets play, said one banker close to the sale process.
The league requires an owner to sell the same ratio of team and arena ownership as he originally bought, although it can waive that rule.
Sports Business Journal reported the NBA told Prokhorov he had to sell both.
Some believe the NBA wants the Nets to wait until the Atlanta Hawks are sold.