Prokhorov to Move Nets Business to Russia

Tuesday, March 25, 2014

Lines stretch down the block on opening night of the Barclays Center. Lines stretch down the block on opening night of the Barclays Center. (Stephen Nessen/WNYC)

Tensions between the U.S. and Russia remain high over the crisis in Ukraine. Leaders of the G-7 countries, which includes the U.S., are threatening to intensify sanctions against Moscow if they continue to escalate the situation in Ukraine.

Now, an unlikely New York entity finds itself squarely in the middle of this international crisis: the Brooklyn Nets.

Nets owner Mikhail Prokhorov, a Russian billionaire and aspiring politician, said he is moving ahead with plans to transfer the company that runs the team to Russia.

In this interview, Andrew Zimbalist, professor of economics at Smith College, explains how Prokhorov is seizing the moment.

"Clearly there's a very strong sense of nationalism right now in Russia, and Prokhorov as a politician is trying to play into that wave," he said.

Produced by:

Annmarie Fertoli and Tracie Hunte


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Comments [2]

Hank from Brooklyn-The Brand

Nationalism: The cause of early, violent death for millions of innocent people.

It's just one more thing adding to the putrid stench that emanates from all things Barclays; Forest City-Ratner, Eminent Domain, Taxpayers Funding Millionaires, Jay Z, "Affordable" Housing Bait-n-Switch, Barclays Bank Rate Fixing Scandal and on an on...

Why not move your stupid team and that ugly arena to Russia, Misha? We'd all stand and applaud that move.

Mar. 26 2014 01:21 PM
Tell me more from nyc

So are the Nets still a USA team?
What sanctions, if any, apply to this billionaire politician?
Are the Nets Russian now?

Mar. 26 2014 12:08 PM

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