Russia's richest man has reached a deal to buy the New Jersey Nets - one of America's elite basketball franchises.
Mikhail Prokhorov would become the first foreign NBA team owner if the deal - thought to be worth more than $200m (£124m) - goes through.
The 44-year-old billionaire wants to acquire 80% of the club and 45% of the club's new arena in Brooklyn, promising big investments.
The proposed deal has been welcomed by leading basketball officials in the US.
'Long-standing passion'
Mr Prokhorov, an avid basketball fan, reached a tentative agreement on Wednesday.read more
