Prokhorov won't be president of Russia

The Nets can’t win in the NBA -- or in Russia.

Nets owner Mikhail Prokhorov was easily defeated in the Russian president election by Vladimir Putin on Sunday, according to multiple reports.

The Russian billionaire, who purchased a majority stake in the Nets in May of 2010, announced his intentions to run for president of his native country in December.

Despite campaigning, it was widely believed that Prokhorov had no chance of winning the election.

Now, perhaps he can turn his attention to the basketball franchise he owns. The Nets are 11-26 and own the third-worst record in the Eastern Conference. But they’re hopeful they can turn around their fortunes when they move to Brooklyn next season.

The Nets are currently in the running to land Dwight Howard by the March 15 trade deadline or in free agency assuming the Magic center opts out during the offseason.

Prokhorov has yet to attend a Nets game this season.