Tag: basketball team

  • Russia’s richest man agrees to buy Nets (AP)

    FILE - In this May 31, 2007, file photo, Mikhail Prokhorov speaks at a news conference in Moscow. Russian tycoon Mikhail Prokhorov says in his personal blog that he has made an offer to buy the New Jersey Nets basketball team. Prokhorov, considered Russia's richest man, said Tuesday, Sept. 22, 2009,  on his blog that he sent team shareholders an offer over the weekend.

    Could the New Jersey Nets become the Nyets? The basketball team once known as the New Jersey Americans is a step closer to being owned by Russia's richest man, Mikhail Prokhorov, who on Wednesday said he has a deal to buy 80 percent of the NBA team and nearly half of a project to build a new arena in Brooklyn.