Alibaba, Joseph Tsai, Arts & Culture, Sports, Basketball, Brooklyn Nets, New York, Brooklyn, BI Select,

Alibaba billionaire Joseph Tsai is buying out the Brooklyn Nets in a $2.35 billion deal, and it’s the highest price ever paid for a sports franchise

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Billionaire Alibaba cofounder Joseph Tsai is buying the remaining shares of the Brooklyn Nets, the New York Post reported. The $2.35 billion deal for the New York-based NBA team is the highest ever for a sports franchise, according to the New York Times. Tsai is Alibaba’s second-largest shareholder behind Jack Ma, giving him a net worth of […]

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