<center><img src='https://sportshub.cbsistatic.com/i/r/2019/08/14/47435aa8-defc-4b6a-be5a-b5f20860f0bd/thumbnail/1200x675/718155667f06253a92cdfe54248c6cc6/josephtsai.jpg' alt='Shared From Dlike' /></center> ##### Joseph Tsai, one of the co-founders of Alibaba, owns 49% of the Brooklyn Nets, It looks like he will own 100% in short order. Reports are that he is exercising an option that allows him to buy the remaining 51% from Mikhail Prokhorov. The option is for purchase for $1.35 billion. Tsai originally purchased the 49% share for $1 billion. This is the most ever spent for a North American franchise. The previous mark was $2.2 billion. ##### <center><br><a href='https://www.cbssports.com/nba/news/brooklyn-nets-to-be-wholly-owned-by-joseph-tsai-wholl-complete-record-2-35-billion-purchase-report-says/'>Source of shared Link</a><hr><br><a href='https://dlike.io/'><img src='https://dlike.io/images/dlike-logo.jpg'></a></center>
| author | gattino | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| permlink | brooklyn-nets-to-be-wholly-owned-by-joseph-tsai-wholl-complete-record-235-billion-purchase-report-says--cbssportscom | ||||||||||||
| category | dlike | ||||||||||||
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| created | 2019-08-14 14:23:06 | ||||||||||||
| last_update | 2019-08-14 14:23:06 | ||||||||||||
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| root_title | "Brooklyn Nets to be wholly owned by Joseph Tsai, who'll complete record $2.35 billion purchase, report says - CBSSports.com" | ||||||||||||
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