Free Agent Carmelo Anthony Participates In Informal Nets Workouts

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Now, he is exercising an option to buy the rest of the franchise from Russian owner Mikhail Prokhorov.

Casino magnate Tilman Fertitta paid a reported $2.2 billion to buy the NBA's Houston Rockets in 2017, and hedge fund guru David Tepper paid $2.2 billion to buy the NFL's Carolina Panthers in a deal that closed previous year. ESPN reported at the time that the deal moved forward under the presumption that Tsai would eventually take over as the team's sole owner.

Nets representatives declined to comment.

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Though the Nets moved to Brooklyn and switched to black uniforms under Prokhorov, he remains a bachelor, despite the team failing to win a title under his ownership.

Prokhorov bought his controlling stake of the Nets in 2009 for less than $400 million.

Anthony, who played parts of seven seasons with the New York Knicks, would be the latest in a long line of stars at various stages in their careers who've joined the Brooklyn Nets franchise this summer.

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There were reports earlier this year that Tsai also is trying to buy the Nets' arena, Barclays Center in Brooklyn.

Prokhorov is worth an estimated $9.8 billion.

If the deal goes through, the sale will mark the end of a transformative era of Nets basketball and the exit of a colorful owner who once promised to get married if the team failed to win a championship within five years.

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"It is unknown if the Nets are one of the teams that Anthony and his representatives have talked to about a potential signing", the report states. That comes after a 42-40 season and playoff appearance in 2018-19 that confounded most experts.

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