Joseph Tsai Nears Full Ownership of the Nets

The New York TimesJoseph Tsai, a co-founder of Alibaba, the Chinese internet giant, is closing in on a record-breaking deal to gain sole ownership of the Nets, continuing a momentous off-season for a franchise making its most significant steps toward emerging from the shadow ...

August 14th 2019


Alibaba's Joseph Tsai to Buy Rest of Brooklyn Nets

Wall Street JournalAlibaba Group Holding Ltd. co-founder Joseph Tsai is close to a deal to become majority owner of the National Basketball Association's Brooklyn Nets. The deal, which is expected as soon as this week according to a person familiar with the matter, would be ...

August 14th 2019


Brooklyn Nets' Joseph Tsai to buy remaining stake in team from Russian billionaire Mikhail Prokhorov for $2.3B: report

Fox NewsTsai, who co-founded the Chinese e-commerce conglomerate Alibaba, bought 49 percent of the team for $1 billion last year and gained the right to buy the remaining stake before the 2021-22 season for around $1.35 billion, according to the New York Post.

August 14th 2019


Alibaba's Joseph Tsai to buy Brooklyn Nets in deal valuing team at record $2.35 billion, New York Post reports

CNBCJoseph Tsai, the billionaire co-founder of e-commerce giant Alibaba, is in talks to buy the remaining 51% of the Brooklyn Nets basketball team from Russian billionaire Mikhail Prokhorov, according to The New York Post. The deal, which is expected to be ...

August 14th 2019