Posted on 03/25/2014 10:34:51 AM PDT by Olog-hai
Russian billionaire Mikhail Prokhorov on Monday reiterated plans to relocate the company that owns the NBA’s Brooklyn Nets to Russia as Washington and Moscow continue to trade sanctions.
The comments come as the Kremlin has called on Russian businessmen to repatriate assets to help offset the economic and financial penalties from West. A law approved by the Kremlin last year prohibits Russians who are seeking top government posts from holding bank accounts or direct shareholdings in companies abroad.
“A Russian company will own the basketball club,” Prokhorov said on Monday, according to Reuters. “This (move) does not violate any NBA rules and I will bring it (under Russian jurisdiction) in accordance with Russian law.” …
(Excerpt) Read more at foxbusiness.com ...
Will Abramovich do the same with Chelsea F.C.?
Only to point this out...he owns a franchise that the NBA could meet and strip in less than ten minutes. He may not be that bright on sports history in the US....but we’ve had various teams taken away from owners.
Take the whole team too. The sport is boring.
Has Mark Cuban weighed in on this topic?
hey maybe my Raiders may move to Russia that be cool instead rumor Los Angeles LOL!
Don’t the Nets have Jason Collins on the team? LOL.
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