Alibaba Group Holding Ltd Executive Vice Chairman Joe Tsai
Co-founder of global internet company Alibaba to buy remaining 51% team
The NBA Board of Governors approved Wednesday the sale of the Brooklyn Nets to Joe Tsai.
"We are thrilled that Joe Tsai is becoming the principal owner and governor of the Brooklyn Nets," said Commissioner Adam Silver.
Tsai is co-founder of China-based global internet company Alibaba.
He will buy the remaining 51% of the Nets from Russian billionaire Mikhail Dmitrievitch Prokhorov.
Tsai had been holding 49% shares of the club.
#NBA
Comments
Hello, the comments you share on our site are a valuable resource for other users. Please respect other users and different opinions. Do not use rude, offensive, derogatory, or discriminatory language.
No comments yet
The floor is all yours.
