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.

– Reported by Mike Mazzeo of ESPN New York