In 2010, Prokhov acquired the Nets for 220 million yuan, and how much did he earn when he sold it to Cai Chongxin nine years later?

In 2010, Russian billionaire Mikhail Prokhov acquired 45% of the Nets' shares for US$223 million, and then spent another US$630 million to acquire the remaining shares in the summer of 2015, officially becoming the sole helm of the Nets. This series of acquisitions attracted widespread attention in the global sports business field at that time.

Prokhov's acquisition brought bold words, claiming that he would bring back the championship trophy for the Nets within five years, and quickly started a series of large-scale operations. In the next few years, the Nets have successively introduced many well-known league stars such as Pierce, Garnett, Deron, Joe Johnson, Terry, Gerald Wallace, and Kirilenko, striving to build a team with the ability to win the championship.

However, things went against my wishes. Although this Nets were hailed as the "Galaxy Battleship" at the time and even regarded as the number one rival of the Heat's Big Three, the aging lineup and frequent injuries made the Nets unable to go further in the playoffs, and their dream of winning the championship was gradually shattered.

At the same time, these high signings have put the Nets' salary space under great pressure and the team's operations have fallen into difficulties. Prokhov's ambitions have encountered setbacks in the face of reality, but he has not given up on operating and adjusting the team. After a difficult period of reconstruction, the Nets finally returned to the playoff stage in 2019 and signed two superstars, Irving and Durant, once again igniting the team's hope for the championship.

2019 is a turning point for the Nets. Chinese wealthy businessman Tsai Chongxin bought 49% of the Nets for $1.35 billion, becoming the team's co-owner. This cooperation not only brings new financial support to the Nets, but also injects new vitality into the team's future development.

By 2020, Tsai Chongxin bought the remaining 51% of the shares from Prokhov for $2.35 billion, thus fully controlling the Nets. Although Prokhov failed to fulfill his promise to win the championship in his nine-year Nets business journey, he has gained a lot at the business level. He initially invested a total of $853 million, and the $3.5 billion he earned from Tsai Chongxin made his net profit of more than $2.6 billion.

From 2010 to 2020, Prokhov's Nets business journey was like a turbulent commercial blockbuster. He experienced the trough and reconstruction of the team, witnessed the glory and fall of superstars, and finally came to an end to his NBA boss career under the takeover of Tsai Chongxin. Today, the Nets' market value is about $5 billion, which has increased significantly compared to when Prokhov was sold.

Although Prokhov is not outstanding in running a team, his investment in the business field is undoubtedly successful. He seized the wave of the development of the NBA's globalization and gradually cultivated the Nets from a team with poor record and limited market value into a team with global influence and commercial value. In other words, Prokhov may not be a basketball person, but he is definitely a shrewd businessman.