clock menu more-arrow no yes mobile

Filed under:

Nets' Deal Part of "Basketball Diplomacy"...and "New Money"

If you buy something from an SB Nation link, Vox Media may earn a commission. See our ethics statement.

The day Mikhail Prokhorov and Bruce Ratner sealed their deal, Russian President Dmitri Medvedev met U.S. President--and hoops fan--Barack Obama in New York. Bloomberg News reports that among the topics they discussed was the New Jersey Nets. It's "basketball diplomacy", say experts, aimed at helping Russia and the US smooth over differences. Pro sports owners see the deal simply as "new money". Meanwhile, French police have closed their prostitution investigation of Prokhorov.