Globalization: 1, Jay-Z: 0. Two months after Jay-Z gave up his stake in the newly minted Brooklyn Nets, on Thursday Russian billionaire Mikhail Prokhorov (and Nets owner) announced he’d be moving the team’s ownership company to the Motherland.
Why? According to the Wall Street Journal, Mr. Prokhorov wants to run for office, but can’t because of a new law that forbids Russians seeking government positions from having stakes in foreign companies. We can think of dumber laws the Duma has passed in recent months. But if you can’t beat ’em … move ’em to a different time zone.
This probably won’t mean that much change for the team. Still, we can’t help but picture a future in which Mr. Prokhorov is running for the Russian presidency, touring the country with a cavalcade of dribbling Nets players and speakers blasting the Space Jam soundtrack.
ICYMI, Russia also said it would consider offering asylum to NSA-leaker Edward Snowden. And, to disagree with David Brooks, we believe that Snowden spiking the ball on that whole PRISM catastrophe doesn’t mean he’s unemployable. In fact, we think he’d be a perfect liaison between the Nets’ Russian ownership and team management at the Barclays Center. Just a thought.