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

Gothamist Wednesday, 14 August 2019
Chinese Billionaire Joseph Tsai To Buy Brooklyn Nets From Mikhail Prokhorov, According To ReportA 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 › ]
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News video: Joseph Tsai To Buy Out Rest Of Brooklyn Nets In Record $2.35 Billion Purchase

Joseph Tsai To Buy Out Rest Of Brooklyn Nets In Record $2.35 Billion Purchase 00:27

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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