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Alibaba co-founder Joseph Tsai agrees to buy 49% of Nets
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Alibaba co-founder Joseph Tsai agrees to buy 49% of Nets
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October 27, 2017, 08:44:29 AM »
Moranis
James Naismith
Posts: 34612
Tommy Points: 1599
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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