Latest Mikhail Prokhorov News

Tsai completes purchase of Nets, arena, hires Levy as CEO

Sep. 18, 2019 2:50 PM EDT

NEW YORK (AP) — The Brooklyn Nets have a new owner and a new CEO. Alibaba co-founder Joe Tsai completed his purchase of the team and Barclays Center on Wednesday, then announced that he had hired former Turner Broadcasting President David Levy to oversee both. Tsai's purchase of the Nets was unanimously...

Popularity of NBA in China seems to create endless options

Sep. 16, 2019 11:09 AM EDT

BEIJING (AP) — Kobe Bryant went to China for the first time in 1998, making the trip to Beijing to help operate an instructional basketball clinic for about a dozen kids. The local coaches working with him didn't know a lot about the game. Barely anyone noticed that an NBA player was in town. Basketball...