NBA approves sale of Nets to Russian billionaire
(AP) - The NBA's board of governors has approved thesale of the New Jersey Nets to Russian billionaire MikhailProkhorov. Prokhorov becomes the league's first owner from outside NorthAmerica. Details of Tuesday's vote were not provided. The purchasehad to be approved by three-fourths of the NBA's owners. Russia's richest man agreed to buy 80 percent of the Nets and 45percent of an arena project in Brooklyn late last year. Finalapproval of the sale was delayed until the state of New York hadtaken over all the land seized under eminent domain at the site ofthe team's Barclays Center in Brooklyn. The Nets hope Prokhorov's wealth will help them quickly turnaround from a 12-70 season.