Joseph Tsai Rumors

Brooklyn Nets owner Mikhail Prokhorov has completed the sale of a 49% interest in the Brooklyn Nets to Joe Tsai. Mr. Tsai is executive vice chairman and co-founder of Alibaba Group, a global internet company with businesses in e-commerce, cloud computing and digital entertainment.

2 weeks ago – via NBA.com

Joseph Tsai, Mikhail Prokhorov, Owners, Top Rumors

Top Rumors, Joseph Tsai, Mikhail Prokhorov, Owners, Brooklyn Nets

Storyline: Brooklyn Nets Sale?

The transaction provides Mr. Tsai an option to acquire further shares in 2021 and, if exercised, become the controlling owner of the team. The announced share sale does not include Barclays Center, which will continue to be wholly owned by Onexim Sports and Entertainment. The NBA Board of Governors unanimously approved the transaction.

2 weeks ago – via NBA.com

Barclays Center, Joseph Tsai, Mikhail Prokhorov, Owners, Uncategorized

Barclays Center, Joseph Tsai, Mikhail Prokhorov, Owners, Brooklyn Nets

Mr. Prokhorov, through Onexim Sports and Entertainment Holding USA, Inc., will continue to be the controlling owner and the NBA Governor of the team. There will be no changes in the day-to-day management of the team’s business or basketball operations.

2 weeks ago – via NBA.com

Joseph Tsai, Mikhail Prokhorov, Owners, Uncategorized

Joseph Tsai, Mikhail Prokhorov, Owners, Brooklyn Nets

Brian Lewis: A source told the Post that the #Nets were valued at $2.35 billion in the sale. That would be an #NBA record.

2 weeks ago – via Twitter NYPost_Lewis

Joseph Tsai, Mikhail Prokhorov, Owners, Statistics, Uncategorized

Joseph Tsai, Mikhail Prokhorov, Owners, Statistics, Brooklyn Nets

Storyline: Brooklyn Nets Sale?

Nets Daily: In new Forbes list, Joe Tsai, who holds Canadian as well as Taiwanese citizenship, is 2nd richest man in Canada. Prokhorov’s 13th richest in Russia. Joe rose; Mikhail dropped.

2 months ago – via Twitter NetsDaily

Joseph Tsai, Mikhail Prokhorov, Owners, Uncategorized

Joseph Tsai, Mikhail Prokhorov, Owners, Brooklyn Nets

Multiple sources tell NetsDaily that the final deal between Mikhail Prokhorov and Joe Tsai is likely to be closed and announced in next week or so. As the deal was reported in late October, Tsai will pay $1.13 billion for 49 percent of the Nets with an option to take control in 2022. Prokhorov will retain 100 percent ownership of Barclays Center and the other venues his Brooklyn Sports & Entertainment controls including Nassau Coliseum.

2 months ago – via NetsDaily

Joseph Tsai, Mikhail Prokhorov, Owners, Top Rumors

Top Rumors, Joseph Tsai, Mikhail Prokhorov, Owners, Brooklyn Nets

Storyline: Brooklyn Nets Sale?

Just last week, in a discussion of the Nets future with NetsDaily, GM Sean Marks noted, “We’re going to have to be patient, Mikhail’s going to have to be patient, Joe’s going to have to be patient, but by the end of the day, we all realize, ‘let’s build the foundation.’”

2 months ago – via NetsDaily

Joseph Tsai, Mikhail Prokhorov, Owners, Sean Marks, Uncategorized

Joseph Tsai, Mikhail Prokhorov, Owners, Sean Marks, Brooklyn Nets

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