Nataliya Vasilyeva

(ALEXEI DRUZHININ/The Associated Press) In this Friday, Nov. 27, 2009 file photo, Russian Prime Minister Vladimir Putin, right, looks on as Mikhail Prokhorov signs an agreement, during a Franco-Russian meeting in Rambouillet, France. Prokhorov, one of Russia’s richest tycoons and the owner of the New Jersey Nets basketball team, said Monday Dec. 12, 2011, he will run against Putin in the March presidential election.

NJ Nets owner wants to buy Russia media holding

MOSCOW — The billionaire owner of the New Jersey Nets running for the Russian presidency against Vladimir Putin is expected to make a formal offer to buy a leading media holding Wednesday, his representative said.

(MISHA JAPARIDZE/The Associated Press) Mikhail Prokhorov, one of Russia’s richest tycoons and New Jersey Nets basketball team owner, speaks at a press conference in Moscow, Russia, Monday, Dec. 12, 2011, as he announces his candidacy to run against Russian Prime Minister Vladimir Putin in the March 2012 presidential election. Prolhorov has been cautious not to cross Putin’s path in the past, but may pose a serious challenge to Putin, whose authority has been dented by the Dec. 4 parliamentary election and recent massive street protests against alleged vote fraud.

Russian tycoon to compete with Putin in election

MOSCOW — Mikhail Prokhorov, one of Russia’s richest tycoons and the owner of the New Jersey Nets basketball team, said Monday he will run against Prime Minister Vladimir Putin in the March presidential election.

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