Back to the Brooklyn Nets Newsfeed

Russian billionaire to spend more time in NYC

The Russian is coming. Nets owner Mikhail Prokhorov will be spending more time in the US now that he’s moved some of his billions from Moscow to Brooklyn, sources say.

Prokhorov sold off his $2 billion stake in Uralkali, the world’s biggest potash mining company, after Russian police raided his offices in April.

The 6-foot-8 bachelor has increased his holdings in the US, buying control of Nassau Coliseum last year. In December, he became the sole owner of Barclays Center and the Nets.

“Prokhorov will be more and more in New York,” one source told me.