Alibaba's Joseph Tsai to buy Brooklyn Nets in deal valuing team at record $2.35 billion, New York Post reports

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Alibaba's Tsai to buy Brooklyn Nets in deal valuing team at $2.35 billion, New York Post reports

If approved, it would be the highest price ever paid for a sports franchise. The current record came last year after hedge fund owner David Tepper acquired the NFL's Carolina Panthers for $2.2 billion. Tilman Fertitta, owner of restaurant chain Landry's, also paid $2.2 billion to purchase the NBA's Houston Rockets in 2017.

Stuart Bryan, a spokeswoman for BSE Global, which manages and controls the Brooklyn Nets, declined to comment. CNBC couldn't verify the details of the deal.

 

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Time to take the communist money. Tsai is just the waterboy for CCP.

Smart man.

KDTrey5 is going to be so pissed off if this guy changes how that organization is run

His support of Yale Lacrosse worked out well for that team ... will see what happens for the Nets ...

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