As war prompts focus on Russia's "sportswashing," a reminder of how ownership of the Nets helped Prokhorov--and now helps Tsai, too
Decades of lavish spending allowed Russia to gain influence at the highest levels of global sports, where it found willing partners. It was a campaign that brought the Olympics and the World Cup to Russia in the last decade, installed Putin associates in powerful governance roles and cleared the way for Russian athletes to compete on the world’s stage—despite the revelation of an elaborate, state-sponsored doping scheme.
But when the invasion of Ukraine began, the era of Russian “sportswashing” abruptly ended, at least for the foreseeable future.In Europe, the big money is not in basketball but in soccer, of course. But basketball gets a mention. From the article:
In the U.S., Russian oligarch Mikhail Prokhorov spent more than $200 million for a controlling stake in the Nets and a piece of the arena they were hoping to build in Brooklyn. But while many NBA owners sit courtside, he rarely bothered going to games. Prokhorov seemed more interested in a sport that merged two of his favorite things: skis and guns. As the president of the Russian biathlon federation, he oversaw a squad that won three medals in Sochi—and then was ensnared in doping whistleblower Grigory Rodchenkov’s allegations.More "sportswashing"
Prokhorov isn’t the NBA’s problem today: He flipped the team less than a decade after his purchase in a deal that valued the Nets at $2.35 billion.
There are strict rules in some countries such as Germany preventing majority ownership of football clubs, but Russians have splashed their money in other sports - in essence sportswashing their own backgrounds as much as Russia as a nation, while also anchoring Russian money at the heart of Western cultural assets.The only domestic coverage I've noticed was the 3/7/22 True Hoop podcast, BRING IT IN: Sportswashing and the NBA, which describes a very tangled trail:
Mikhail Prokhorov formerly owned the Brooklyn Nets NBA team, while ice hockey's NHL in North America sealed deals with Russian betting firm Liga Stavok and search engine Yandex weeks before the Ukraine crisis.
Today, TrueHoop’s Henry Abbott and David Thorpe discuss:It should be noted that Ravitch worked on the Nets sale to Prokhorov.
Don’t you wish it was just about sports? One NBA powerbroker (Ari Emanuel of Endeavor) cut a deal face to face with Vladimir Putin, another (Joe Ravitch of the Raine Group) is helping Kremlin-connected oligarch Roman Abramovich sell Chelsea F.C. right now.
Endeavor and the Raine Group both reportedly raised a ton of money from the Emirates-based Mubadala Investment Company. Mubadala is also the biggest outside investor in Apollo Global. Apollo Global’s founder, Leon Black, funded Jeffrey Epstein.
Also, True Hoop's Russia's money: a timeline, includes:
- 2006: Mikhail Prokhorov’s Renaissance Capital invests in Yuri Milner’s Mail.ru.
- 2009: Yuri Milner becomes one of Facebook’s most important investors, investing money that came largely from now-sanctioned oligarch Alisher Usmanov, and also from Mikhail Prokhorov’s Renaissance Capital...
- 2010: Mikhail Prokhorov is approved as an NBA owner.
Naturally. Remember when Putin douchepoodle Mikhail Prokhorov owned the Brooklyn Nets and was replaced by CCP apologist Joseph Tsai? And you think @EnesFreedom is too strident about this shit? Sportswashing is dangerous. See if superwoke Bay Area fans don't defend him. https://t.co/jT1t6nOKPG
— Mig Greengard (@chessninja) January 17, 2022
This Brooklyn Nets team is fun. I really hope that scumbag Prokhorov is forced to get rid of his ownership stake so I can end my boycott. His sportswashing dream failed, just sell the rest to Tsai. https://t.co/hjw5NKaI09
— Mig Greengard (@chessninja) January 17, 2019
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