Bruce Ratner Cons Russian into Buying Worst Team in NBA
Russian billionaire Mikhail Prokhorov now owns the New Jersey Nets. Their record this season: 12-70.
Russian billionaire Mikhail Prokhorov now owns the New Jersey Nets. Their record this season: 12-70.

Last night 60 Minutes profiled Russian billionaire Mikhail Prokhorov—the man coming to save your New Jersey Nets! Bloomberg Markets profiles him in next month's issue. Is a grand media coming-out party by a Russian billionaire really a good idea?
Some people have been a little troubled by the news a shady Russian billionaire is now buying up a local sports franchise (the Nets), as well as part of the arena that will eventually be the team's new home in Brooklyn. But not Jamie Johnson. The pharmaceutical heir and filmmaker thinks it's, like, the greatest news…
It's official. The richest man in Russia, Mikhail Prokhorov, has taken control of the New Jersey Nets. The 44-year-old oligarch, who is worth $9.5 billion according to Forbes, signed a $200 million deal today with real estate developer/Nets owner Bruce Ratner that will make him the principal owner of the team, as well…
Hey, so about the economy. It's not that good. And the overzealous real estate market is partially to blame. As consequence, overzealous realtor Bruce Ratner has admitted that the crisis will slow down his Atlantic Yards project. Go to any bar in south Brooklyn and start hating on Atlantic Yards and you'll be talking…