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Mikhail Prokhorov prepares for elections to Moscow city Duma

December 05, 2013, 4:28 UTC+3 MOSCOW
Possession of foreign assets is a main obstacle for Prokhorov in participating in elections
1 pages in this article
© ITAR-TASS/Zurab Javakhadze

MOSCOW, December 05 /ITAR-TASS/. Mikhail Prokhorov’s lawyers are working on a transfer of his shares in the Brooklyn Nets basketball club to a Russian company, which the businessman owns. A new owner may be the Charity Foundation of Cultural Initiatives, which Prokhorov has established, the Izvestia daily reports on Thursday.

The newspaper learned from Prokhorov’s entourage “the transfer of assets will allow Prokhorov participate in the elections /to the Moscow city Duma and others/.”

“All the legal procedures comply with the Russian legislation, and the management is involved in this. Thus, the realistic owner will not change. The Brooklyn Nets team is not on sale, and there are no consultations on that,” Prokhorov’s press service said. Thus, the owner will be changed, but at the same time the club will be still under control of the leader of Civil Platform.

Possession of foreign assets is a main obstacle for Prokhorov in participating in elections. That was the reason why he could not run for the mayor of Moscow, the newspaper reports.

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