Russian businessman realized that not everything in the NBA can be bought for money

Photo: Facebook Mikhail Prokhorov

The owner of the National Basketball Association (NBA) Brooklyn Nets, Russian businessman Mikhail Prokhorov, realized that not everything in the NBA can be bought with money. He spoke about this in an open letter, the text of which is provided by the portal Yahoo.

Prokhorov acquired the Nets in 2009, when the team was still based in East Rutherford, New Jersey. In 2012, the club moved to New York, Brooklyn, to the Barclays Center arena, which is valued at $1 billion. Prokhorov published an open letter in which he spoke about the lessons he had learned during his six years of running the club.

One of the lessons is that not everything can be bought with money. “In 2012, the Nets moved from New Jersey to a new arena in the heart of Brooklyn, and we wanted to make the move as colorful and fun as possible. Therefore, we decided not to spare any money. They signed star basketball players, no matter how much they cost. They bet on a quick victory. We ended up making the playoffs three years in a row, but we didn't get far enough. And as someone who signed checks, I can tell you that it cost a lot. We were told that you can't buy a championship. Truer words have never sounded,” Prokhorov wrote.

The Russian businessman said that Brooklyn's previous problems were due to a lack of concept. He also noted that in the USA no one cares what passport you have, accent or home address, but what matters is your attitude to business.

“It’s okay to admit your mistakes—as long as you don’t admit defeat!” At Brooklyn, we are now ready to focus our efforts on analysis and planning. Our fans in Brooklyn and beyond deserve a team worthy of their time and dedication, and we're going to give it to them. All lessons have been learned,” Prokhorov wrote.

Previously, Prokhorov said that the selection of a new head coach and general manager of the club would take several months. Over the past eight years, Brooklyn has had seven head coaches. The dismissal of the latter, Lionel Hollins, was announced in early January. Hollins' assistant Tony Brown serves as head coach. The club's general manager Billy King also left his post.

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