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Oligarch Looks to Revamp Party [Right Cause]
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Party
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| Contributor | Ralphie |
| Last Edited | Ralphie May 18, 2011 12:55pm |
| Category | Speculative |
| News Date | May 17, 2011 12:00pm |
| Description | Billionaire Mikhail Prokhorov said Monday that he would lead Right Cause, the only party that has supported a second term for President Dmitry Medvedev, but observers expressed doubt that he would be able to salvage it from political limbo.
The 46-year-old owner of the New Jersey Nets, named Russia's third-richest businessman with a fortune of $18 billion by Forbes in April, was tipped to join the pro-business Right Cause party last month but dismissed it as an April Fool's joke at the time.
His appointment would spell the return of big money to national politics after almost a decade of separation under an unwritten contract between big business and the Kremlin. But whether the party will be able to win seats in State Duma elections in December remains to be seen, analysts said. |
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