Mikhail Prokhorov sells 49% to Brooklyn Nets

Russian billionaire, owner of the National Basketball Association (NBA) club Brooklyn Nets Mikhail Prokhorov has put up for sale 49% of its shares, Prokhorov himself told R-Sport. “49% of Brooklyn shares are up for sale, while we are looking for a buyer,” Prokhorov said. A Prokhorov spokesman confirmed the information, noting that the businessman decided…

Read More

FIFA may miss sponsors at the 2018 World Cup

The International Football Federation (FIFA) is having a hard time finding sponsors for the 2018 World Cup in Russia, writes the Financial Times (FT). International and local companies evade contracts due to large sums and reputational risks. many in the West ā€¯after the annexation of Crimea. A FIFA spokesman did not respond to a request…

Read More