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  1. Oct 27, 2017 · Alibaba co-founder Joseph Tsai will reportedly purchase the 49 percent stake in the Brooklyn Nets that owner Mikhail Prokhorov has long been trying to unload.

  2. 4 days ago · Tsai acquired a 49% stake in the Brooklyn Nets basketball club from Russian billionaire Mikhail Prokhorov in 2018. The sale valued the Nets at $2.3 billion, according to an Oct. 27, 2017 report ...

  3. Oct 27, 2017 · Alibaba co-founder Joseph Tsai has reached a deal to buy a 49% stake in the Brooklyn Nets, USA TODAY Sports' Jeff Zillgitt confirmed. The deal values the Nets’ worth at $2.3 billion, meaning ...

  4. Oct 27, 2017 · October 27, 2017 5:59 PM. NEW YORK — Billionaire Joseph Tsai has agreed to purchase a 49 percent stake of the Brooklyn Nets from Mikhail Prokhorov, with the option to become controlling owner in ...

  5. Jun 20, 2023 · Tsai later served as Alibaba’s chief financial officer until 2013 and became executive vice chairman that same year. In the US, Tsai is arguably best known as the owner of the Brooklyn Nets ...

  6. Apr 17, 2022 · Joseph Tsai has owned the Brooklyn Nets since buying the NBA franchise from Mikhail Prokhorov back in September 2019. Tsai initially got into the major sports franchise ownership game in 2017 when ...

  7. Apr 14, 2022 · JOE TSAI, THE billionaire owner of the Brooklyn Nets, made his fortune in China. His company, Alibaba, began in a Hangzhou apartment and has since been described as "Amazon on steroids." When Tsai ...

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