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October 22, 2009
Russian's positive Net result
NY Post
by Edmund DeMarche and Rich Calder
If first impressions mean anything, Russian billionaire playboy Mikhail Prokhorov’s attempt to become majority owner of the New Jersey Nets and move them to Brooklyn appears to be a slam dunk.
Russia’s richest man won over many NBA owners last night at the St. Regis Hotel in Midtown during his inaugural meeting with league brass about his plans to buy 80 percent stake in the Nets from developer Bruce Ratner, a source said.
"Everyone seemed excited over the love he has of basketball and the unlimited amount of money he can inject into the game," the source said of the closed-door session. "He can also do a lot to boost the presence of Eastern European talent in the league."
NoLandGrab: Given the success of Bruce Ratner's ownership regime, Bernie Madoff would've jazzed the other NBA owners.
Posted by eric at October 22, 2009 3:40 PM