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Author Topic: Alibaba co-founder Joseph Tsai agrees to buy 49% of Nets  (Read 875 times)

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Alibaba co-founder Joseph Tsai agrees to buy 49% of Nets
« on: October 27, 2017, 08:44:29 AM »

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Valuation for the team for the sale is 2.3 billion and does not include the Barclays Center (which Prokhorov is the majority shareholder of).  Tsai will have the option in 4 years to buy a controlling interest away from Prokhorov who currently remains the controlling owner.

http://www.espn.com/nba/story/_/id/21181226/alibaba-co-founder-joseph-tsai-agrees-purchase-49-percent-minority-stake-brooklyn-nets
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