Taiwanese business Joseph Tsai bought 49 per cent of the Nets last year for US$1 billion , with the chance to purchase more shares before the 2021-22 campaign began. — Picture by Vincent Carchietta-USA TODAY Sports via Reuters
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 per cent of the club he doesn’t currently own. The deal, according to reports, is expected to be announced this week and cost US$2.35 billion, the highest price ever paid for a US sports team if confirmed.
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