Oligarchy

Prokhorov Erects Taunting Mural at Knicks’ HQ

Enough with the spies already! This afternoon, New York’s favorite Russian was busy with his own brand of deviousness.

Mikhail Prokhorov, the new owner of the Brooklyn-bound Nets, has erected a mural just outside Madison Square Garden depicting himself and Nets co-owner Jay-Z accompanied by the tagline “The Blueprint for Greatness.” According to Read More

A Russian Comes to Brooklyn

Atlantic Yards Under Construction, Brooklynites Attack Nets Owner

Even with the Atlantic Yards development under construction, Brooklyn residents are still angry, and the subject is basketball.

At a protest Thursday afternoon in front of Madison Square Garden, Brooklyn residents turned their focus from the hard-fought development–which drew seven years of protest before construction began–to the NBA’s treatment of owners and the Nets’ new Read More

Prokhorov, Ratner Seal Deal for Nets

Officially, Mikhail Prohkorov owns the Nets.

Following Tuesday’s approval from the NBA’s Board of commissioners, the Russian billionaire today closed on a deal with developer Bruce Ratner to buy the Nets for $200 million (and fund tens of millions in losses), according to a joint statement put out by Mr. Ratner’s Forest City Ratner and Read More

NBA Approves Nets Sale From Ratner to Prokhorov

Bruce Ratner’s tenure at the top of an NBA team is over.

Russian billionaire Mikhail Prokhorov was just approved as the Nets’ new owner by the NBA’s board of commissioners, according to a statement sent out by the NBA.

This ends a more than six-year stretch for Mr. Ratner, the Brooklyn-based developer whose Nets sunk to Read More

Findings

What We Learned This Week: April 30 Edition

The week sure started strong.

The Journal‘s cheekily named new section — “Greater New York,” that’s some kind of pun, no? — arrived on Monday, followed on Tuesday by a hotly-anticipated Senate appearance for Lloyd Blankfein, Fabulous Fab, and the rest of the Goldman gang. Both were, to be honest, a bit of Read More

I Vanna Eat Here!

Not long before Mikhail Prokhorov, the richest man in Russia, went on 60 Minutes last week to talk about his love of “wu-men,” guns, yachts, nightclubs, money, sports, food and the New Jersey Nets, of which he is expected to soon become the majority owner, a rumor circulated among Russian-Americans in New York that he Read More