In Soviet Russia, we help you

NJNetz · Sep 17, 2009

Mikhail Prokhorov may help fund the construction of an arena for the New Jersey Nets, a spokesman for the billionaire’s holding company said Thursday.

Prokhorov, Russia’s wealthiest man and an avid basketball fan, is considering funding the stadium after being approached by someone involved in building Barclays Center, which is planned to go up in Brooklyn, Onexim spokesman Igor Petrov told The Moscow Times.

“The possibility exists” that Prokhorov will participate in the project, Petrov said, declining to say how much he would contribute.

Though Barclays has never disclosed the cost of the project, reports have said the stadium’s construction will cost around $800 million.

Prokhorov was rumored to have been in talks with Nets management in July to acquire a piece of the franchise.
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http://realgm.com/src_wiretap_archives/61643/20090917/russias_wealthiest_man_may_rescue_nets/

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