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Tycoon Prokhorov intends to transfer Brooklyn Nets to Russian jurisdiction

The 48-year-old billionaire bought the then New Jersey Nets in 2010 for $200 million and later relocated the club to Brooklyn

Mikhail Prokhorov EPA/JUSTIN LANE

Mikhail Prokhorov

© EPA/JUSTIN LANE

MOSCOW, March 24. /ITAR-TASS/. Russian billionaire and former presidential candidate Mikhail Prokhorov reiterated on Monday his intention of transferring assets of NBA’s Brooklyn Nets under the Russian jurisdiction.

“I have already stated that I will transfer the basketball club [under the Russian jurisdiction],” Prokhorov told journalists on Monday adding that the move does not contradict NBA’s regulations.

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