Prokhorov to step down as head of political party

Mikhail Prokhorov
Mikhail Prokhorov
Mikhail Prokhorov (AP)

Brooklyn Nets owner and founder of Russia’s Civil Platform political party will step down from his position as the head of the federal political committee in Civil Platform, but will remain a member of the party, according to Voice of Russia. He will be replaced by Rifat Shaikhutdinov, who has no connections to the Nets.

Prokhorov formed the Civil Platform party in 2012 after getting nearly 8 percent of the Russian presidential vote as an independent candidate in opposition to Russian president Vladimir Putin.

The report adds that there were rumors that Prokhorov would leave the party entirely, which were untrue. Prokhorov did leave, and harshly criticize, the Right Cause Party before running for president as an independent.

His changing status shouldn’t affect his stake with the Nets, but it could indicate that he’s moving further from Russia’s political landscape, meaning he’d have more time to devote to ownership.

Voice of Russia — Businessman Mikhail Prokhorov to remain member of Civil Platform party