New potential Nets buyers emerge overseas

Guo Guangchang, chairman of Fosun Group. (AP)
Guo Guangchang, chairman of Fosun Group. (AP)

The Nets ownership may stay overseas after all.

On May 11, 2010, David Stern and the NBA Board of Governors approved the sale of the then-New Jersey Nets to Russian billionaire Mikhail Prokhorov, making him the first international NBA owner. Nearly five years later, the New York Post reports that Fosun, a Chinese conglomerate focused on “insurance, industrial operations, investment and asset management,” and government investment fund of Qatar have expressed interest in buying the Brooklyn Nets.

The Post also reports that Time Warner CEO Dick Parsons and “at least two wealthy families” have also expressed an interest in buying the team.

It’s not clear what number the Nets would fetch, but they’re likely waiting to see the sale price of the Atlanta Hawks, the other NBA team being openly shopped.

More info below.

New York Post — Play for Brooklyn Nets sale goes global