As reported in the NY Times, a Russian billionaire today signed a tentative $200 million deal that would make him the 80% owner of the New Jersey Nets and an investor in the team’s new home, an arena planned for Brooklyn.
Mikhail D. Prokhorov is the richest man in Russia and president of Onexim
Group. He would be the first foreign owner of an N.B.A. team who is
not Canadian.
Group. He would be the first foreign owner of an N.B.A. team who is
not Canadian.