Point FM Sport — April 13, 2018 at 9:10 am — Updated: April 13, 2018 at 9:10 am

Russia’s Prokhorov sells 49 percent stake in Brooklyn Nets to Alibaba’s Tsai

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MOSCOW (Reuters) – Russian billionaire Mikhail Prokhorov has sold a 49-percent stake in the Brooklyn Nets basketball team to Joe Tsai, the executive vice chairman and co-founder of the Alibaba Group, the NBA team said in a statement.

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