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Daily Archives: January 13th, 2015

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Get ready for a bonanza. Feeling the pressures of a free-falling Ruble and a marginal product on the court, Russian tycoon Mikhail Phokorov will sell the Brooklyn Nets, a team he has owned since 2010. Prokhorov, who bought the team for $223 million when they still played in New Jersey, has asked a financial services firm to help with the sale, which comes just a few months after Microsoft billionaire Steve Ballmer bought the Clippers for $2 billion.

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Maxim.com