Results 1 to 2 of 2

Thread: Russia Russian billionaire to build stadium for New Jersey Nets

  1. #1
    q: ♥♥♥ :p Lieutenant-Colonel misti's Avatar
    Join Date
    Jun 2009
    ·´¯`·*» тнɛ ƨωɛɛт cιтʏ «*·´¯`·
    Rep Power

    Thumbs up Russia Russian billionaire to build stadium for New Jersey Nets

    MOSCOW, September 18 (RIA Novosti) - Russian billionaire Mikhail Prokhorov will acquire a stake in New Jersey Nets for a symbolic $1, and will build a stadium for the NBA club in Brooklyn, Russian media reported on Friday.

    Sport Express said Prokhorov, Russia's wealthiest person according to the latest Forbes estimate, and an avid basketball fan, would acquire a majority stake in the club and will fund the construction of the Barclays Center, which will be part of a sports, residential and business complex.

    Kommersant daily said Prokhorov's Onexim group would finance the construction, estimated at $700 million, and that the deal could be signed within three or four weeks.

    Onexim will provide credit to New Jersey Nets owner Bruce Ratner to be secured by the stake, the paper said.

    Prokhorov also funded CSKA Moscow football club through his company Norilsk Nickel, until selling his 25% stake in the mining giant last year.

    Several Russian businessmen have become owners or shareholders in major sports teams.

    Roman Abramovich owns Chelsea, while Metalloinvest owner Alisher Usmanov is the second-largest shareholder in Arsenal. Arkady Gaidamak, a Soviet emigrant living in Israel, is the owner of Israeli football club Beitar Jerusalem.

    The parties have not confirmed the planned deal. Media reports quoted Onexim spokesman Igor Petrov as saying on Thursday that "the possibility exists" that Prokhorov would participate in the project.
    (♥) life becomes romantic, when eyes start looking at some one silently (♥)

  2. #2
    !! Marathi Manoos !! Captain rocky_29's Avatar
    Join Date
    Apr 2009
    Rep Power


    for the News, Misti.
    Keep Rocking.
    Keep up the good Work........
    Keep it up.

Similar Threads

  1. Russia plans to build five floating Arctic NUKE stations
    By nightmare_harry583 in forum General Discussion
    Replies: 2
    Last Post: 04-05-2009, 04:00 PM
  2. IPL Fixtures..............!!!
    By shocker in forum Sports
    Replies: 6
    Last Post: 04-04-2008, 11:10 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts