Ex-Brooklyn Nets owner Mikhail Prokhorov denies Manchester United takeover plans

Mikhail Prokhorov

Russian billionaire and politician Mikahil Prokhorov reportedly has no plans to launch a Manchester United takeover bid, despite speculation.

The former Brooklyn Nets owner, who has an estimated net worth of £8.7billion, was linked with a move to buy the Red Devils from the Glazer family.

Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets to Alibaba executive Joseph Tsai in a USD2.3 billion deal in 2018.

Much of Prokhorov’s fortune stems from the 2008 sale of his stake in metals giant Norilsk Nickel. He has stakes in Russian power, insurance and banking sectors.

Mikhail ran against Vladimir Putin in Russia’s 2012 presidential race, gaining 8% of the vote.

He sold his last block of shares in UC Rusal one month before sanctions were imposed against the company by the US Treasury.

Reports in Russia stated he is looking for a return to sports ownership after he sold the NBA team to Chinese billionaire Joseph Tsai in a USD2.3bn deal in 2018.

Sportsmail reports that Prokhorov has no immediate plans to launch a United takeover bid nor return to sports ownership.

Mikhail Prokhorov is not the only billionaire linked with a move to acquire United from the Glazer family. The Americans have owned the club since their buyout of existing shareholders between 2003 and 2005.

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