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Prokhorov Confirms Negotiations with Nets, Wants Control

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On his blog, Mikhail Prokhorov confirms he is in serious negotiations with the Nets to finance Barclays Center and gain control of the team. In return for financing the arena, Prokhorov wants control for "a symbolic price"--probably $1. The Russian billionaire also wants to be able to use the Nets to train Russia's basketball players and place "Russia's leading coaches and managers in the NBA." He added he expects negotiations to "move forward." Meanwhile scrutiny of the deal continues.