September 26th, 2009
Billionaire oligarch Mikhail Prokhorov, Russia’s richest man well-known as a sports fan, could become the first foreign owner of a major US basketball team after making a bid for the New Jersey Nets.
Prokhorov had offered to fund a new $700m stadium for the NBA team in New York and he would then acquire the Nets for a symbolic $1 stake.
He boasts that if his move is successful, it would be the first time a National Basketball Association club would come under foreign control.
Posted in The Most Expensive Things
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