the inaugural season of the basketball championship of america, what would become the national basketball association. in 1962, the team was relocated to san francisco and became known as the san francisco warriors until 1971, when the name was changed to the current golden state warriors. the team has played all of their home games in the oracle a korea from 1966 with the exception of a one-year hiatus -- oracle arena. they have won two others, tying for sixth in the nba and the number of championships. in 2004, they started their campaign which was infectious, spreading hope to their fans and gating thousands more as each game continue to inspire hope for the so-called underdogs. -- gaining thousands more. here in the city and county of san francisco. i am introducing a resolution today along with supervisors dufty and elsbernd to let people know that we welcome the opportunity to work with the franchise and explore the opportunity to build an arena to house a much beloved bay area basketball team and bring them back home to san francisco. along with supervisors mirkarimi and maxwell. and we do wan

a few hundred million dollars, prokhorov recently bought 80% of the worst team in the national basketball associationears ago, a russian would have never been allowed to buy an american sports franchise, but n.b.a. commissioner david stern says its just one more sign that the world is changing. >> david stern: america is really the only place where the question gets asked, "what about those foreigners?" this is a global sport. our games are televised in 215 countries and 43 languages. so it was really a natural import of globalization. >> kroft: it also has something to do with the recession. a number of n.b.a. teams are struggling financially, and prokhorov has the one thing the league and the nets need most right now-- very deep pockets, which come from a far-flung financial empire. he flew us to siberia to check out russia's richest gold mining company. he owns almost half of it, plus a big chunk of the world's biggest aluminum producer. there is a media empire, plus two banks, an insurance company, and lots of real estate, including this house, which has a built-in swimming pool and, of course, a