Sports
TarponMonoxide
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Prokhorov, who is awaiting NBA approval to become the Nets' new owner, had made a 10 percent deposit on the $530 million property but backed out in 2008 as the global financial crisis worsened. A French court ruled Monday he would not get that money back. The same day, a New York judge ruled against opponents of the Atlantic Yards project in Brooklyn, putting the Nets a step closer to moving to a new home there in 2012.
When The Star-Ledger caught up with Prokhorov at the Vancouver Olympics two weeks ago, he was more focused on the performance of the Russian biathlon team than anything else, and refused to discuss his future with the Nets.
Slideshow of Villa Leopolda, from the ABC News website.
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$530 MILLION dollar home???? YIKERS....
in Sports
http://www.nj.com/nets/index.ssf/2010/03/prospective_nj_nets_owner_mikh.html
An exerpt...
Russian billionaire Mikhail Prokhorov, the Nets' prospective owner, lost the $53 million deposit he put down on Villa Leopolda, a clifftop mansion on the French Riviera that is reportedly the world's most expensive home, according to ABC News' website.Prokhorov, who is awaiting NBA approval to become the Nets' new owner, had made a 10 percent deposit on the $530 million property but backed out in 2008 as the global financial crisis worsened. A French court ruled Monday he would not get that money back. The same day, a New York judge ruled against opponents of the Atlantic Yards project in Brooklyn, putting the Nets a step closer to moving to a new home there in 2012.
When The Star-Ledger caught up with Prokhorov at the Vancouver Olympics two weeks ago, he was more focused on the performance of the Russian biathlon team than anything else, and refused to discuss his future with the Nets.
Slideshow of Villa Leopolda, from the ABC News website.
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Re: $530 MILLION dollar home???? YIKERS....
That is INSANE! At least the forfeited money will go to charity.