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18.09.2009, 12:05

Russia’s richest man to acquire stake in New Jersey Nets for $1

One of Russia’s richest men, businessman Mikhail Prokhorov, is set to acquire a majority share in the New Jersey Nets basketball club for just one US dollar, reports Sport Express.

12.01.2010, 12:11 4 comments

Upmarket hotels weather industry downturn

The Moscow hotel market has been one of the fast growing markets in the world. A huge deficit of rooms and rising demand has allowed existing hotels to monopolize but the crisis may have had some positive effects.

31.01.2010, 04:30

Russia’s first legal casino opens in Azov City

After a ban on gambling outside special areas, the first legal casino opened Saturday in the southern Krasnodar region.

02.11.2009, 13:58

Uralsib posts 1H 2009 Net Loss of 904 million Roubles

Russian bank, Uralsib, has posted a 1H 2009 Net Loss of 904 million Roubles under IFRS.

05.03.2010, 07:12 2 comments

Ex-KGB media mogul pays £1 to buy second British newspaper

Russian tycoon and owner of the National Reserve Bank, Aleksandr Lebedev, has added another British newspaper to his media empire.

09.04.2010, 11:12 2 comments

Code of Honor of Russian Football revealed

The Russian Football Union (RFU) has developed a Code of Honor of Russian Football, issuing the document on its official website.

25.07.2009, 19:24

Moscow’s expat community now rivaling Premier League

What good can come from cooperation between a Welshman and an Englishman in Moscow? With the support of a reputable sponsor this seems enough to organize perhaps the best sport and family day out in Moscow this summer.

16.09.2010, 18:23 3 comments

Oxford University rugby beaten by Russian rivals

The legendary rugby team of Oxford University has bean beaten by Moscow-based team Slava in a friendly match held in the Russian capital.

Su-26 sport plane 14.10.2010, 11:55 2 comments

Russia lacks new sport pilots - world champion

By failing to support sport aviation, Russia risks losing its leading positions in international competitions, the women’s world stunt air games champion Svetlana Kapanina, told RT.

Vitaly Petrov 31.01.2010, 20:27 3 comments

Russian driver makes it to Formula One racing

Russians like to live life in the fast lane, but now at least one of them is about to move up a gear and join the exclusive world of Formula One racing.

Russian buys controlling stake in New Jersey Nets

Published: 23 September, 2009, 23:52
Edited: 24 September, 2009, 06:31


Russia's richest businessman has reached a deal to buy a controlling stake in the New Jersey Nets basketball team and nearly half of a project to build a new arena in Brooklyn.

 
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