yeezytrainer yeezy boost 350 ua yeezytrainer yeezy boost 350 ua yeezytrainer yeezy boost 350 ua yeezytrainer yeezy boost 350 ua

Russian tycoon says he's made offer to buy Nets News New Jersey Nets
 

Suns 118, Nets 94...
Nets-Suns, Box...
NBA roundup: Wednesday's actio...
ROSTER REPORT 2010-01-20...
GETTING INSIDE 2010-01-20...
Nets make unexpected lunge at ...
Presented By: 2010-01-19...
Nets-Suns Preview 2010-01-19...
ROSTER REPORT 2010-01-19...
GETTING INSIDE 2010-01-19...
Blazers Tried to Hide Darius M...
NBA Essentials: The Pritchard ...
Your Weekend NBA Guide: What t...
The Grizzlies Sign Darius Mile...
Blazers Threaten to Sue Team T...
Brand, Maggette could opt out
Brand has surgury
Steve
where are you mike?


journey together
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
 
 
Add to Google
Add to My Yahoo!
Subscribe in NewsGator Online
Add to Windows Live

News » Russian tycoon says he's made offer to buy Nets


Russian tycoon says he's made offer to buy Nets


Russian tycoon says he's made offer to buy NetsMOSCOW (AP) - Russian tycoon Mikhail Prokhorov says in his personal blog that he has made an offer to buy the New Jersey Nets.

Prokhorov, considered Russia's richest man, said Tuesday on his blog that he sent team shareholders an offer over the weekend. Under the proposal, Prokhorov's holding company Onexim would obtain a controlling share in the Nets in return for loaning the money to build a new arena.

No monetary figures were given, but the blog posting says the controlling shares would be obtained for "a symbolic price."

Nets owner Bruce Ratner faces a crucial December deadline for his plan to build an arena in Brooklyn and move his team there in 2011. The construction needs to break ground by then or lose access to the tax-free bonds financing much of the project.

Prokhorov, who owns a share in the Russian basketball team CSKA, has been ranked as the country's richest man in the Russian edition of Forbes, with an estimated fortune of $9.5 billion. He has weathered the global economic crisis better than many of his wealthy compatriots by cashing out of some lucrative assets before the downturn battered commodity markets.

In the blog posting Prokhorov writes that his interest in a deal stems from a desire to improve Russian basketball by getting access to NBA training methods and sending Russian coaches for internships in the league.


Author: Fox Sports
Author's Website: http://www.foxsports.com
Added: September 23, 2009

 

 
Copyright © Netsportal.com, Inc. All rights reserved 2018.