Nets owner will not move to Brooklyn

April 12, 2012 05:30PM

The Russian billionaire who owns the soon-to-be-Brooklyn Nets has big plans for the borough, but no intention of moving to it, the Brooklyn Paper reported. Mikhail Prokhorov, the 58th wealthiest person in the world, according to Forbes Magazine, will not be buying a pad for himself to use when he visits for Nets games at the huge Prospect Heights-area stadium set to open this September.

“I’m a rich Russian who would drive up the prices,” Prokhorov told the Brooklyn Paper. “It’s not the best time to buy for me.”

Prokhorov said in an interview with the BBC in 2010, that he never had any intention of living outside of Moscow. [Brooklyn Paper]