Looks like Vladimir Putin and his minions continue to laugh at our president’s attempt to be Mr. tough guy! Obama’s sanctions are screwing him and his favorite sport. You can’t make a bracket out of this!
MOSCOW – The Russian owner of the Brooklyn Nets says he is moving ahead with plans to transfer the NBA team’s ownership company to Russia.
Mikhail Prokhorov first announced last year that he wanted to shift control of the team to a Russian-based company after the Kremlin passed a law regulating foreign holdings for public officials. However, the move would also be in line with Russian President Vladimir Putin’s recent call for billionaires to register their businesses at home in the wake of U.S. sanctions following Russia’s annexation of Crimea.