â†µâ‡¥[Russian tycoon Mikhail] Prokhorov, considered Russia's richest man, said Tuesday on his blog that he sent team shareholders an offer over the weekend. Under the proposal, Prokhorov's holding company Onexim would obtain a controlling share in the Nets in return for loaning the money to build a new arena. â†µâ†µ
â†µFor more on the possible investment, check out Bethlehem Shoals' take on The Baseline. â†µâ†µ
â†µUPDATE: The Nets and Prokhorov have inked a deal that gives him 80 percent of the team. â†µâ†µ
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