One of the Russian oligarchs is rumored to have bid $700 million to buy the New Jersey Nets.
U.S. hoops fans should take note that before the Russian oligarch Roman Abramovich bought English Premiership soccer team Chelsea, Chelsea was a lesser performing boring team from one of London's tonier neighborhoods. Since that time, Chelsea has fared very well in the Premiership and accumulated a starting lineup of all-stars. They've done so to such a degree that most people in England root against them. Of course, the Premiership doesn't have a salary cap like the NBA does.
Still, Mikhail Prokhorov's entry into the NBA will turn a lot of heads. The question is whether he and his billions can transform the Nets.
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