Mikhail Prokhorov, who has long avoided Russian politics, is signaling he's ready to head a small political party in his native land. The Nets owner sent a letter to a Moscow newspaper, saying, "If those of us who have the means and the desire to live in Russia do not try to change anything, then nothing will change."
The party, Pravoye Delo or "Right Cause", is seen as a liberal, pro-business party. It is less than three years old. Although as president of the party, Prokhorov could in theory run for President of Russia next March, it's more likely he and the party will support current Russian President Dmitry Medvedev. It is extremely unlikely that Prokhorov would have made the decision without the approval of Putin and Medvedev, reports the Times.
Oligarchs like Prokhorov have avoided politics. Some who have ventured the political fray have seen their businesses suffer. Prokhorov has recently been pushing changes in the Russian labor laws opposed by the country's unions and Putin. Only last month, Prokhorov denied interest in politics, calling the prospect a joke. Monday, he called his decision an "uneasy" one.
- Russian Billionaire Announces Plan for Political Party - Michael Schwirtz - New York Times
Nets owner Mikhail Prokhorov to lead Russian political party - AP
- Russian tycoon Prokhorov ready to head Right Cause party - RIA Novosti
- Russian tycoon may head pro-Medvedev party -paper - Reuters
- Billionaire Prokhorov ready to head Right Cause party - Russia Today
- Prokhorov confirms plans to head Pravoe Delo center-right party - Prime TASS
- Nets Owner Prokhorov to Lead Russian Business Party - Alan Cullison - Wall Street Journal
- Russian oligarch Prokhorov aims to go into politics - BBC
Billionaire Nets Owner Prokhorov To Enter Politics…And Take On Putin? - Clare O'Connor - Forbes
- Nets owner Prokhorov about to enter Russian politics - Kurt Helin - NBC Sports
New party on the Russian political scene - Mamonov Roman - Voices of Russia