Mikhail Prokhorov May Sell Share

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Mikhail Prokhorov is planning to run against Vladimir Putin in the Russian presidential election.

Prokhorov told reporters this week that he would “sell my shares (of the Nets) to a blind trust” should he become prime minister or, as phrased by the reporter, “if (his) political career is hugely successful.”

Giving his shares to a blind trust doesn’t mean Prokhorov would relinquish his investment, just that trustees would be given full discretion over the Nets’ assets.

Via New York Daily News
 
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