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Russian tycoon eyes building new arena for NJ Nets

MOSCOW (AP) — Russian billionaire Mikhail Prokhorov may help fund the construction of a new arena for the New Jersey Nets, the tycoon's investment vehicle said Friday.

Prokhorov has been ranked as Russia's richest man in the Russian edition of Forbes, with an estimated fortune of $9.5 billion. While most of his Russian peers saw their industrial empires crumble and lined up for state bailouts,...

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