Archive for the ‘Brooklyn Nets’ Category

Alibaba co-founder Tsai will buy full control of NBA Nets

Friday, August 16th, 2019

Joseph Tsai, co-founder of Chinese e-commerce giant Alibaba, has made a deal to purchase full control of the NBA's Brooklyn Nets from Russian businessman Mikhail Prokhorov, the club announced Friday. The Nets said Prokhorov has made an agreement with the Taiwanese-Canadian businessman to sell the Barclays Center arena and his 51 percent controling interest in the Nets. Tsai bought 49 percent of the Nets last year for $1 billion, with the chance to purchase more shares before the start of the 2021-22 campaign.

AP sources: Alibaba exec to buy Nets, arena for $3.4 billion

Friday, August 16th, 2019

In a record sale for a U.S. sports franchise, the co-founder of Alibaba agreed to buy the remaining 51 percent of the Brooklyn Nets and Barclays Center for about $3.4 billion, two people with knowledge of the details said Friday. Joe Tsai already had purchased 49 percent of the team from Russian billionaire Mikhail Prokhorov in 2018, with the option to become controlling owner in 2021. Instead, he pushed up that timeline for full ownership of a team on the rise after signing superstars Kevin Durant and Kyrie Irving in July.

AP sources: Alibaba exec to buy Nets, arena for $3.4 billion

Friday, August 16th, 2019

In a record sale for a U.S. sports franchise, the co-founder of Alibaba agreed to buy the remaining 51 percent of the Brooklyn Nets and Barclays Center for about $3.4 billion, two people with knowledge of the details said Friday. Joe Tsai already had purchased 49 percent of the team from Russian billionaire Mikhail Prokhorov in 2018, with the option to become controlling owner in 2021. Instead, he pushed up that timeline for full ownership of a team on the rise after signing superstars Kevin Durant and Kyrie Irving in July.

Alibaba co-founder Tsai set to own all of NBA Nets: reports

Thursday, August 15th, 2019

Joseph Tsai, co-founder of Chinese e-commerce giant Alibaba, is expected to purchase full control of the NBA's Brooklyn Nets from Russian businessman Mikhail Prokhorov, according to multiple reports Thursday. The New York Post, New York Times and ESPN reported a deal is close to completion that would have the Taiwanese-Canadian businessman buy the remaining 51 percent of the club he doesn't currently own. Tsai bought 49 percent of the Nets last year for $1 billion, with the chance to purchase more shares before the 2021-22 campaign began.

Nets’ Spencer Dinwiddie Wears Colin Kaepernick-Inspired Shoes vs. Warriors

Saturday, November 10th, 2018

Brooklyn Nets point guard Spencer Dinwiddie showed his support for Colin Kaepernick with a pair of custom tennis shoes for Saturday's game against the Golden State Warriors. Dinwiddie's footwear displayed the words "With Kap" across the top of his shoes and a picture of former San Francisco 49ers quarterback Colin Kaepernick on the side. The shoes also featured the 49ers' gold and scarlet color combo.