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Russian tycoon eyes building new arena for NJ Nets

Originally published: September 18, 2009 4:19 AM
Updated: September 18, 2009 4:22 AM
By The Associated Press  

Quick ReadRussian tycoon eyes deal to build new arena for NJ Nets basketball team

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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