The NBA’s Board of Governors approved majority ownership of the Nets for Mikhail Prokhorov, 29-0. Prokhorov will become the first ever international owner of an NBA franchise. After months of legal battles and with the team’s impending move to Brooklyn, Prokhorov has been officially named owner of the Nets.

Prokhorov will likely be in Seacucus next week to represent his team during the NBA Draft Lottery.