History of the Brooklyn Nets
The Brooklyn Nets, a professional basketball team based in the New York City borough of Brooklyn, was founded in 1967 and initially played in Teaneck, New Jersey, as the New Jersey Americans, later the New Jersey Nets. They are a member of the Atlantic Division of the Eastern Conference in the National Basketball Association (NBA), as well as an original member of the American Basketball Association (ABA). In 2012 they moved to Brooklyn and were renamed the Brooklyn Nets.
Mikhail Prokhorov
He became the first non-North American team owner in the NBA. In December 2011, after announcing his run for the Russian presidency, the NBA confirmed that Prokhorov's ownership interest would not need to be altered in the event of his election (Herb Kohl, a then sitting but since retired U.S. Senator, owned the Milwaukee Bucks at the time). On 30 April 2012, the Nets officially made the move to Brooklyn, rebranding themselves as the Brooklyn Nets.