Apr 20, 2013; Brooklyn, NY, USA; Brooklyn Nets principal owner Mikhail Prokhorov addresses fans during the first half of game one of the first round of the 2013 NBA Playoffs at the Barclays Center. Mandatory Credit: Joe Camporeale-USA TODAY Sports

NBA Rumors: Brooklyn Nets owner to bring club under Russian jurisdiction

The company that runs the Brooklyn Nets will be moving across the Atlantic and settling in Russia, that’s the word from team owner Mikhail Prokhorov who expressed the plans to reporters this past weekend.

A Russian billionaire said on Monday he planned to relocate his company that runs the Brooklyn Nets basketball team to Russia in keeping with the Kremlin’s call on Russian businessmen to repatriate their assets to help combat new U.S. sanctions.

The United States and European Union have imposed visa bans and asset freezes on officials and businessmen believed to be close to Russian President Vladimir Putin in protest at Moscow’s annexation of Ukraine’s Crimea region.

The move (strangely) doesn’t violate any NBA laws, though, I can’t imagine the league is overly thrilled with the rumored move. But hey – in Russia, basketball play you.

It’s not known if the New York based company that currently operates the Brooklyn Nets will be disbanded, reduced or kept in its current capacity when a Russian office is opened.

Tags: Brooklyn Nets Mikhail Prokhorov

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