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New Jersey Nets Owner Mikhail Prokhorov Has Announced His Bid To Be Russian President

• BusinessInsider.com
Mikhail Prokhorov, owner of the New Jersey Nets and one of Russia's richest tycoons, has announced he will be running in Russia's presidential election, the Moscow Times reports.

Prokhorov will need to receive two million signatures in support of his candidacy to be included on ballots next March.

This isn't Propkhorov's first venture into politics. Earlier this summer, Prokhorov had announced that he intended to run for Prime Minister with the backing of the Right Cause party (at the time, Prokhorov said he wanted Russia to join the euro).

However the Right Cause party soon rebelled against Prokhorov, apparently on orders from the Kremlin (many criticized the party as a pro-Putin puppet party).

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