Dmitry Razumov

Dmitry Valerievich Razumov (Russian: Дмитрий Валерьевич Разумов, born 7 February 1975) is a Russian businessman, manager and philanthropist,[4] CEO of Prokhorov's Onexim Group, former chairman of the Brooklyn Nets and Barclays Center board of directors.[5]

Dmitry Razumov
Personal details
Born (1975-02-07) 7 February 1975[1]
Moscow, RSFSR, Soviet Union[2]
NationalityRussian
SpouseMarried
Children3[3]
Alma materMoscow State Institute of Foreign Relations[2]
OccupationBusinessman
Known forCEO of Onexim Group

Early life

Dmitry Razumov is a graduate of the Moscow State Institute of Foreign Relations, with a degree in international law. From 1994 to 1997, he practiced corporate law at Clifford Chance. In 1997, he became deputy head of investment banking at Renaissance Capital, following which, in 1999, he co-founded telecom-focused advisory and venture capital firm LV Finance.[1]

Norilsk Nickel and Onexim Group

From 2001 to 2005, during his tenure as deputy general director at Norilsk Nickel, Dmitry was responsible for the company's strategic development and M&A.[1][3] Since May 2007, Dmitry has been CEO at Onexim Group. He became "Prokhorov's most trusted advisor".[6]

During his career, Razumov served on the boards of directors at various companies, namely - Rusal, Norilsk Nickel, Megafon, OPIN, RBK, Polyus Gold, Uralkali, Renaissance Capital, Renaissance Financial Holdings, Soglasiye Insurance, etc. From 2014 to 2019, he was chairman of the board at Brooklyn Nets and Barclays Center.[7][3][8][9] In 2013–2016, Razumov took 4th-7th positions in the Forbes lists of the "most expensive" executives in Russia.[2][10][11][12]

International projects

In 2009–2010, Razumov led[6] the acquisition by Onexim Sports and Entertainment of an 80% interest in the Brooklyn Nets and 45% interest in the then to-be-built Barclays Center. In 2016, Onexim became the 100% equity owner of the both.[13][9]

Razumov worked to increase the value of the team and subsequently organized its sale in 2017–2019.[9][14] The relocation of the Nets to Brooklyn for the 2012–2013 season marked the return of major league sports to Brooklyn.[15][16][17][18] Along with the opening of Barclays Center it made the neighborhood more valuable.[19] In 2017, Onexim had agreed to sell the 49 percent of the Brooklyn Nets to Taiwanese-Canadian businessman Joseph Tsai.[20] In 2019, Joe Tsai acquired the remaining 51% of the Brooklyn Nets and acquired 100% of Barclays Center with an aggregate team and arena value nearing $3.5 billion.[21] According to Dmitry Razumov, who led the negotiations, Prokhorov's investment was less than $1.5 billion, and overall profit was estimated by Forbes at least $2 billion.[9]

In 2017, Onexim Sports and Entertainment, under Razumov's direction,[4] completed a $165 million renovation of the Nassau Coliseum,[22] and, in 2019, finished renovation of Webster Hall (both in New York).[23] Nassau Coliseum is the home of Long Island Nets and New York Riptide, it hosts shows of Feld Entertainment[24][25]

Philanthropy

Since 2022, Dmitry has been the Director of Myra culture development non profit institution. Myra Center, created by Razumov in Suzdal, features an acoustic hall, library, exhibit space, recording studio and a courtyard specifically designed to house public events. The institution supports Fomikha Village Theater of Drama and Comedy. The building of the Myra Museum is under construction, it will host a collection of artworks from the Russian avant-garde to contemporary art. Also the nearby building of the former Zapolitzy hydroelectric power station will be reconstructed and turned into a cultural and historical center.[4][26][27]

References
  1. Dmitry Razumov (in Russian), Kommersant
  2. 25 Most Expensive CEOs: Forbes Annual Ranking (in Russian), Forbes (Russian edition), 19 November 2015
  3. Dmitry Razumov profile (in Russian), tadviser.ru
  4. How philanthropist Dmitry Razumov and the MYRA community turn ancient Suzdal into a center of contemporary art (in Russian), Sobaka.ru
  5. Dmitry Razumov, who pushed Jason Kidd as Nets head coach, named Chairman, netsdaily.com, 13 June 2014
  6. Prokhorov's Indispensable Man, netsdaily.com, 28 March 2011
  7. Dmitry Razumov profile, Wall Street Journal
  8. Dmitry Razumov profile, Bloomberg
  9. A billionaire with intuition: how Prokhorov manages to profitably enter the cash over and over again and what he is passionate about now (in Russian), Forbes (Russian edition), 19 December 2019
  10. 25 Most Expensive CEOs: Forbes Annual Ranking (in Russian), Forbes (Russian edition), 24 November 2016
  11. 25 Most Expensive CEOs: Forbes Annual Ranking, Archive copy. Forbes (Russian edition), 21 November 2013
  12. 25 Most Expensive CEOs: Forbes Annual Ranking (in Russian), Forbes (Russian edition), 20 November 2014
  13. Prokhorov’s Onexim purchases 100% of Nets, Barclays Center, Sports Illustrated, 22 December 2015
  14. Sean Marks Transformed Brooklyn Nets From Laughingstock Into Contender: Retracing His Path To GM Job, Forbes, 28 December 2020
  15. New York Islanders To Move To Barclays Center In Brooklyn, nhl.com, 24 October 2012
  16. Big-time boxing retuns to Brooklyn after long absence, USA Today, 17 October 2012
  17. Brooklyn returns to pro sports with Nets opener, Sports Illustrated, 11 April 2012
  18. Barclays negotiates with A-10, ACC, ESPN, 14 March 2014
  19. As Barclays Center turns 10, a look at a neighborhood reinvented, Crain's New York Business, 3 November 2022
  20. "Mikhail Prokhorov agrees to sell 49% Nets stake to Joseph Tsai". NY Daily News. Retrieved 1 February 2018.
  21. Mikhail Prokhorov sells majority ownership of Nets to Joe Tsai, SNY, 8 August 2019
  22. New Nassau Coliseum opens its doors, Sports Venue Business, 3 April 2017
  23. In Reopening Webster Hall, Jay-Z Transforms Rivals Into Old Friends, grammy.com, 30 April 2019
  24. Nassau Veterans Memorial Coliseum: about us
  25. World Class Family Entertainment Returns to Long Island as The New Coliseum Will Feature Iconic Shows from Feld Entertainment, longisland.com, 31 October 2016
  26. Мечты о "Мире": как устроен культурный центр в Суздале (in Russian), RBK, 20 July 2022
  27. Мира центр — номинация «Креативные пространства» — премия «Сноба» «Сделано в России — 2022» (in Russian), Snob.ru, 10 June 2022
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