Prokhorov confirms interest in Nets
MOSCOW -- Russia's richest man, Mikhail Prokhorov, has made a takeover bid for the New Jersey Nets, the tycoon confirmed on his blog on Tuesday.
Prokhorov, a former nickel mining baron, boasts that if his move is successful, it would be the first time a National Basketball Association club would come under foreign control.
Prokhorov's proposals, sent to existing Nets shareholders over
the weekend, would see his Onexim group provide a loan to build
a substantial part of a new arena, ...
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