December 19, 2014 8:07 AM ET

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Company Overview of Brooklyn Nets, LLC

Company Overview

Brooklyn Nets, LLC, doing business as Brooklyn Nets, operates as a sports and entertainment enterprise. It operates a basketball team. The company was formerly known as New Jersey Nets and changed its name to Brooklyn Nets, LLC in 2012. Brooklyn Nets, LLC was founded in 1967 and is based in Brooklyn, New York.

15 MetroTech Center

11th Floor

Brooklyn, NY 11201

United States

Founded in 1967

Phone:

718-933-3000

Fax:

718-942-9595

Key Executives for Brooklyn Nets, LLC

Chief Executive Officer and Chief Executive Officer of Nets Basketball
Age: 47
Chief Financial Officer and Executive Vice President of Business Operations
President of Onexim Sports and Entertainment Holding Usa
Chief Administrative & Relationship Officer and Executive Vice President
Chief Legal Officer and Executive Vice President
Age: 44
Compensation as of Fiscal Year 2014.

Brooklyn Nets, LLC Key Developments

BlueRock Energy Announces a New Three-Year Partnership with the Brooklyn Nets

BlueRock Energy announced a new three-year partnership with the Brooklyn Nets. As part of the agreement, BlueRock Energy will become a Proud Supporting Partner of the Brooklyn Nets, as well as participate in a variety of promotional efforts and fan engagement initiatives over the course of the coming seasons.

Guggenheim Partners Reportedly Still In Discussions Over Ownership In Brooklyn Nets

The ownership of the Brooklyn Nets, LLC is in ongoing discussions with Guggenheim Partners, LLC on a combination of assets. Mikhail Prokhorov would remain in control of the Nets and Bruce Ratner would remain in control of Barclays Center, reported Nets Daily citing sources close to the discussions. Multiple sources said that in the discussions, the team is being valued at $1.7 billion and the arena at $1.1 billion. There is no agreement yet, nor a deadline for a conclusion of the discussions. The next step would be an agreement in principle followed by a closing. The combined assets of a new entity could be as high as $8 billion. The discussions are continuing, said one source. Another source says that Todd Boehly, President of Guggenheim, met in Moscow earlier this week with Prokhorov, Ratner, and Brett Yormark, Chief Executive Officer of Brooklyn Nets. The first source emphasized that Prokhorov would continue to control the team as governor and controlling owner of the team for the foreseeable future. The source did not describe foreseeable future, but has said Prokhorov is heavily engaged in team's prospects this year. Another source that Ratner is as engaged in arena operations. First source said, "How much Guggenheim would control after the combination of assets remains uncertain, as does the price the group would pay and how much Prokhorov and Ratner's group would each receive."

LA Dodgers Owner Reportedly In Talks To Buy Brooklyn Nets

Guggenheim Partners, LLC, which owns Los Angeles Dodgers, Inc. is reportedly in talks with Brooklyn Nets, LLC about a "combination of assets." The proposed deal would include both the Nets and the 2-year-old Barclays Center, according to a report.

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