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Russian Billionaire Confirms $700M Bid for New Jersey Nets

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    Last Updated: September 23, 2009


    Russia’s richest man, Mikhail Prokhorov, has made a takeover bid for the New Jersey Nets, the tycoon confirmed on his blog on Tuesday. Prokhorov, a former nickel mining baron, boasts that if his move is successful, it would be the first time a National Basketball Association club would come under foreign control.

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