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Mikhail Prokhorov to move company that runs Brooklyn Nets to Russia

Mar 24, 2014, 6:33 PM EDT

Mikhail Prokhorov AP

The United States has imposed sanctions against seven prominent Russians and four Ukrainians with close ties to Russian President Vladimir Putin.

Though Brooklyn Nets owner Mikhail Prokhorov is close with Putin, he has not been sanctioned.

He will show his loyalty to Russia, though.


Mikhail Prokhorov, owner of the Brooklyn Nets, had said before that he planned to relocate the company that runs the NBA team to Russia, but his comments to reporters in the Kremlin underlined his support for Putin.

“A Russian company will own the basketball club,” Prokhorov said before receiving a medal for services to Russia along with other national sports officials.

“This (move) does not violate any NBA (U.S. National Basketball Association) rules and I will bring it (under Russian jurisdiction) in accordance with Russian law.”

Barring another development, this probably a decision that won’t have significant ramifications on the NBA, but it could get complicated.

  1. tomtravis76 - Mar 24, 2014 at 6:42 PM

    Vince McMahon is getting psyched. A revival of the 80s cold war characters. Russia vs USA. the Brazil games are going to take on new meaning in the USA basketball offices. Sure is starting take on a wag the dog feel.

  2. primenumber19 - Mar 24, 2014 at 6:55 PM

    Stern and the owners were idiots for letting this fool in

  3. progress2011 - Mar 24, 2014 at 7:02 PM

    International expansion of business/ the NBA is fantastic………until there is an international conflict.

    This has the potential to become uncomfortable.

    • RavenzGunnerz - Mar 24, 2014 at 7:06 PM

      Not really. Sport has always proven to be the gap Bridger when politics failed.

      • stephenlin - Mar 24, 2014 at 7:12 PM

        Minus the whole Dennis Rodman-North Korea debacle, of course.

      • sportsfan18 - Mar 25, 2014 at 1:55 AM

        Well, tell that to each and EVERY ONE of the 1980 Summer Olympians as they did NOT get to participate in the Olympics.

        The U.S. kept all their summer Olympians home that summer and boycotted the Olympic games because Russia had invaded Afghanistan…

        The odds ARE small that something would ever come up but IF something did, a Russian company running a professional basketball team in the United States… well it could get touchy…

        No need to worry with Obama in office but if we get another Dick Cheney and Bush in the Oval Office again, things could get interesting in a hurry…

      • zerole00 - Mar 25, 2014 at 12:36 PM

        Yes, because chasing a ball up and down the court is going to ease tensions between two OTHER countries over the takeover of territory.

  4. RavenzGunnerz - Mar 24, 2014 at 7:04 PM

    Is he fearing frozen assets? I thought they laughed off sanctions….

    Like they say, sanctions take a while to be felt, but they surely get felt.

    I just wish both parties would work this out for the best of this world.

    1. Russia needs the world. For those of you who think they don’t, you are mistaken.
    2. The world needs russia. Uncooperative 8th world economy would cause real hurt in Europe/America.
    3. US caused the uprising in Ukraine that overthrew a democratically elected gvt.
    4. No…. we don’t redraw borders with weapons in democracy.

    So, you see? Both sides are wrong!

  5. ProBasketballPundit - Mar 24, 2014 at 7:13 PM

  6. maddnola - Mar 24, 2014 at 7:14 PM

    Just another reason to dislike the Nets since their owner is defacto-endorsing annexation as a 21st century method of solving foreign policy issues.

    • asimonetti88 - Mar 24, 2014 at 7:17 PM

      Russia should have just said Crimea had WMDs. That worked for the United States.

      • redstar504 - Mar 24, 2014 at 8:04 PM

        HUGE difference the US was acting on a threat (real or imagined) to its national security.

        The US had no territorial designs on Iraq. It was never going to be a 51st state. In fact the US turned Iraq over to internally elected leaders that are downright hostile to America.

        Russia has flat out taken a chunk of another country and swallowed it into Russia. That is like America tomorrow deciding that since it had claim to Quebec during the War of 1812 it is taking it over and making it a state because the Raptors play there.

        Politics aside I hope my pelicans beat the nets tonight!!

      • nagaswan - Mar 24, 2014 at 8:25 PM

        All WMDs were removed in the 90’s under the agreement that Ukraine would not face pressure regarding their borders. Ooops.

      • redstar504 - Mar 24, 2014 at 11:41 PM

        Rest easy the Pelicans have taken revenge, at least for tonight.

      • borderline1988 - Mar 25, 2014 at 10:19 AM

        The Raptors play in Ontario, not Quebec…

      • azarkhan - Mar 25, 2014 at 1:48 PM

        Poor Ms Simonetti, still s*cking on George Bush. Did you know that Obama has been president since Jan 20, 2009? Yes, really! Wake up pumpkin!

      • asimonetti88 - Mar 25, 2014 at 3:37 PM

        You realize that comment was making fun of Bush, right?

      • azarkhan - Mar 25, 2014 at 4:54 PM

        No! Really? Because Simonetti, I had no idea you were a knee-jerk Democratic moron, none whatsoever.

      • asimonetti88 - Mar 25, 2014 at 5:32 PM

        I’m not a Democrat.

  7. mogogo1 - Mar 24, 2014 at 7:15 PM

    Well, given there have been multiple franchises located in Canada, no surprise that you can run a team from outside the U.S. Still nothing other than a PR move given they could say the company was located on the moon but they’d still have all their expenses tied up with the team in Brooklyn.

    • sportsfan18 - Mar 25, 2014 at 1:58 AM

      No ONE in the U.S. ever practiced drills while they were children in school due to the Canadians reigning down Nukes all over our country…

      If you’re old enough, you know that school children DID this due to the threat of our cold war adversary Russia.

      There is a HUGE difference between Canada and Russia.

      I mean maybe if Canada could train their elk or something as terrorists and send them all over the border down to us…

      A joke to mention Canada…

  8. rdav29 - Mar 24, 2014 at 7:29 PM

    I must break you

    • fanofthegame79 - Mar 24, 2014 at 10:58 PM

      If he dies, he dies.

  9. onbucky96 - Mar 24, 2014 at 7:57 PM

    Opulence, he has it. Mikal also likes the monies. So when Russia says move Nets operations to Russia, he jumps in it.

  10. nagaswan - Mar 24, 2014 at 8:23 PM

    Is there any doubt that if he didn’t do this he would face far harsher consequences from Putin than anything the NBA could ever dish out? Complicated.

    • sportsfan18 - Mar 25, 2014 at 1:59 AM

      Well said…

  11. mightbegoingtohellforthis - Mar 24, 2014 at 8:32 PM

    The Moscow Nyets

  12. bballhistorian - Mar 24, 2014 at 8:52 PM

    This should be interesting…

  13. thekidfromapt7 - Mar 24, 2014 at 9:22 PM

    The raptors don’t play in Quebec

    • redstar504 - Mar 24, 2014 at 11:35 PM

      My apologies to Ontario alas the US never held any claim there so the Raptors can sleep safe.

  14. jerze2387 - Mar 24, 2014 at 9:49 PM

    Wonder how Putin feels about the Collins signing.

    • sportsfan18 - Mar 25, 2014 at 2:00 AM

      There are NO gays in Sochi…

      so says their Mayor…

  15. tomsul58 - Mar 25, 2014 at 11:11 AM

    Prokhorov is in bed with Putin and Phil is back at the Garden. Time for all ex-Knick fans to go home.

  16. canadatude - Mar 25, 2014 at 11:57 AM

    Better watch out for those Canucks! During the war of 1812, they invaded Washington, D C and burned down the White House. Look it up.

  17. zerole00 - Mar 25, 2014 at 12:38 PM

    Watching the Nets fail in the first or second round of the playoffs summarizes Russia pretty well, overpay to underachieve. 180M payroll lol

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