Billionaire Nets Owner Considers Moving Company to Russia

Mikhail Prokhorov says he plans to relocate the NBA team's ownership company to his native Russia.
3:00 | 03/25/14

Coming up in the next {{countdown}} {{countdownlbl}}

Coming up next:

{{nextVideo.title}}

{{nextVideo.description}}

Skip to this video now

Now Playing:

{{currentVideo.title}}

More information on this video
Enhanced full screen
Explore related content
Comments
Related Extras
Related Videos
Video Transcript
Transcript for Billionaire Nets Owner Considers Moving Company to Russia
Ready to say does big idea to the Brooklyn nets ownership company eighteen army -- pro put off plans to transfer his company to his native Russia there's a reason for it -- Russian president Vladimir Putin recently called on Russian -- living abroad. To relocate all corporate headquarters to mother Russia. In the wake of US sanctions the NBA says it has not received the official application to transfer the -- ownership.

This transcript has been automatically generated and may not be 100% accurate.

{"id":23055267,"title":"Billionaire Nets Owner Considers Moving Company to Russia ","duration":"3:00","description":"Mikhail Prokhorov says he plans to relocate the NBA team's ownership company to his native Russia.","section":"Business","mediaType":"Default"}