STEVE INSKEEP, host: And the business news this morning starts with a new bid for the New Jersey Nets.</s>STEVE INSKEEP, host: A Russian billionaire has reportedly made an offer for New Jersey's pro basketball team. Mikhail Prokhorov is referred to as Russia's richest man and he wrote on his blog, yesterday, that he has sent Net shareholders an offer to finance a new arena in Brooklyn in exchange for a controlling stake in the team. We have no comment yet from the Nets or the NBA. Their blogs are silent, though, the team did say they've received interest from potential investors. The Nets are currently owned by New York real estate developer Bruce Ratner. If the Russian tycoon were to take over, he would become the first person outside of North America to own an NBA franchise.
Russian tycoon Mikhail Prokhorov says in his personal blog that he has made an offer to buy the New Jersey Nets basketball team. The team isn't commenting but does say the team did receive interest from potential investors. The Nets are currently owned by New York real estate developer Bruce Ratner.