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Closing Bell

Mikhail Prokhorov Plans To Repatriate Nets Parent Company To Russia

Nets Owner Mikhail Prokhorov today said that he "planned to relocate" Onexim Sports & Entertainment, the NBA team's parent company, to Russia "in keeping with the Kremlin's call on Russian businessmen to repatriate their assets to help combat new U.S. sanctions." Prokhorov said, "A Russian company will own the basketball club. This does not violate any NBA rules and I will bring it (under Russian jurisdiction) in accordance with Russian law." The U.S. and EU "have imposed visa bans and asset freezes on officials and businessmen" in protest of Moscow's annexation of Crimea (REUTERS, 3/24).

NBA Exec VP/Communications Mike Bass said in a statement, "The Nets are owned by Mikhail Prokhorov through a US-based company. We have received no application nor is there a process underway through our office to transfer the ownership of the Nets to another company" (NBA).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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