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"It has been an honor and a joy to open Barclays Center, bring the Nets to Brooklyn, and watch them grow strong roots in the community while cultivating global appeal," Prokhorov said in a statement. "The team is in a better place today than ever before and I know that Joe will build on that success, while continuing to deliver the guest experience at Barclays Center that our fans, employees, and colleagues in the industry enjoy."
AP sources: Alibaba exec to buy Nets, arena for $3.4 billion →
"More importantly, it's clear that the Nets are a team building a winning culture and our future is bright," Prokhorov added.
Nets' summer includes decision on Russell after playoff run →
