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6 hours ago ago from CNN - Sports Illustrated

EAST RUTHERFORD, N.J. (AP) -- A Russian billionaire has moved a step closer to becoming the NBA's first non-North American owner. Mikhail Prokhorov's Onexim Sports and Entertainment Holdings and the company that owns the Nets announced on Wednesday they had completed their agreement to create a partnership that would own the NBA team and develop the Atlantic Yards project in New York. The agreement provides for the sale of 80 percent of ...

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