Chinese Billionaire Joseph Tsai To Buy Brooklyn Nets From Mikhail Prokhorov, According To Report

Credit: Gothamist- Published 1 week ago
A Chinese tycoon is poised to buy the Brooklyn Nets from a Russian oligarch. The NY Post reports that Joseph Tsai is expected to "buy the 51% of the Brooklyn Nets he does not already own from Russian billionaire Mikhail Prokhorov." The deal would be worth $2.35 billion, which would be a record for an NBA team. [ more › ]

Credit: CBS Dallas Digital
Published 1 week ago -  00:27
Joseph Tsai To Buy Out Rest Of Brooklyn Nets In Record $2.35 Billion Purchase
Joseph Tsai, the co-founder of e-commerce company Alibaba who already owned 49 percent of the franchise, will purchase the remaining 51 percent from Russian billionaire Mikhail Prokhorov for a total of $2.35 billion. Katie Johnston reports.

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