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May 11, 2010

As expected, NBA approves Prokhorov as Nets' majority owner; Brooklyn officials release belated call for NBA caution on Zimbabwe issue

Atlantic Yards Report

Today, the National Basketball Association Board of Governors, as expected, approved Russian billionaire Mikhail Prokhorov as majority owner of the New Jersey Nets.

And five Brooklyn elected officials, led by Council Member Letitia James, sent a letter (below) to NBA Commissioner David Stern urging the league to postpone the decision and look seriously into charges that a company Prokhorov partly owns is connected to sanctions-busing in Zimbabwe.

Given that Stern had previously brushed off the charges raised by New Jersey Rep. Bill Pascrell, there was little chance that the Brooklyn officials' concerns would be taken seriously.

Still, they released the letter just after the NBA vote and might have gotten more attention had they sent the letter earlier.

Click thru for the full text of the letter.

Posted by eric at May 11, 2010 10:35 PM