In September 2009, he made an offer to buy a controlling interest in the New Jersey Nets. On May 11th, 2010, the NBA approved the sale of the Nets to Prokhorov, making him majority owner of the team with an 80% stake, as well as a 45% interest in their new Barclays Center. He is also the first non-North American NBA owner. On April 30, 2012, the Nets moved to Brooklyn, rebranding themselves as the Brooklyn Nets. The team had the second highest payroll for the 2012/13 season, and are currently in the playoffs against the Chicago Bulls. With a 2-3 record, it will be interesting to see if this Russian owned team will make it to the next round.
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