With New Russian Laws, Ownership of N.B.A. Team May Shift

Global Business

Russia’s new laws barring politicians from owning foreign assets could spell trouble for one NBA basketball team. Billionaire Mikhail Prokhorov, who owns the Brooklyn Nets, has hinted he might shift ownership to a Russian company to comply with the new laws. CCTV’s Karina Huber reports from New York.

Follow Karina Huber on Twitter@kkat31

With New Russian Laws, Ownership of N.B.A. Team May Shift

With New Russian Laws, Ownership of N.B.A. Team May Shift

Russia's new laws barring politicians from owning foreign assets could spell trouble for one NBA basketball team. Billionaire Mikhail Prokhorov, who owns the Brooklyn Nets, has hinted he might shift ownership to a Russian company to comply with the new laws. CCTV's Karina Huber reports from New York.