Yahoo Web Search

Search results

  1. www.forbes.com › profile › joseph-tsaiJoseph Tsai - Forbes

    2 days ago · Joseph Tsai, the billionaire cofounder of Alibaba Group and owner of the Brooklyn Nets, is taking over as chairman of the e-commerce titan to revive growth. By Yue Wang Senior Contributor Jun 20, 2023

  2. www.forbes.com › profile › mikhail-prokhorovMikhail Prokhorov - Forbes

    1 day ago · Mikhail Prokhorov. Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets to Alibaba executive Joseph Tsai in a $2.3 billion deal in 2018. Much of Prokhorov's fortune stems from the 2008 sale of ...

  3. May 13, 2024 · 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 ...

  4. May 9, 2024 · Beyond the tech world, Joseph Tsai has made substantial inroads into professional sports. His ownership of the Brooklyn Nets NBA team and the New York Liberty of the Women’s National Basketball Association (WNBA) speaks to his passion for sports and his belief in the potential of sports franchises as valuable investments.

  5. May 8, 2024 · Billionaire Joseph Tsai, co-founder of the Chinese company Alibaba, agrees to buy the Nets and arena company, in phases, for about $3 billion. As Islanders’ owners plan a new arena at Belmont Park on Long Island, the team returns part-time to the downsized Coliseum.

  6. People also ask

  7. May 3, 2024 · In 2018, Tsai made a significant foray into sports ownership by acquiring a 49% stake in the Brooklyn Nets NBA team. The following year, he exercised his option to purchase the remaining 51% stake, becoming the sole owner of the Nets.

  8. Apr 23, 2024 · Jordi’s character as a leader and his emphasis on structure, process and habits will instill a Nets identity that our fans will want to root for,” Nets owner Joe Tsai said in the statement. “We look forward to working with Jordi to build a sustainabl­e winning culture in Brooklyn.”

  1. People also search for