Mikhail Prokhorov | featured news

Russian billionaire Mikhail Prokhorov said on Monday he would run for president against Prime Minister Vladimir Putin next March, weeks after falling out with the Kremlin over his abortive leadership of a small pro-business party.

New Jersey Nets owner Mikhail Prokhorov has no plans to meet with Carmelo Anthony during the All Star weekend in Los Angeles.

Hours after owner Mikhail Prokhorov ended their long, drawn-out pursuit of Carmelo Anthony, the New Jersey Nets snapped a six-game losing streak with a 103-95 victory over the Utah Jazz on Wednesday night.

Russia's richest man has a deal to buy a controlling interest in the New Jersey Nets and nearly half of a project to build a new arena in Brooklyn.

Mikhail Prokhorov's Onexim Group announced the deal Wednesday with Forest City Ratner Companies and Nets Sports and Entertainment.