Joseph Tsai buys Barclays Center, becomes sole owner of Brooklyn Nets

Posted on AllSides August 16th, 2019
From The Center

Brooklyn Nets owner Mikhail Prokhorov has agreed to sell full ownership of the Barclays Center and his 51% controlling interest in the Nets to Alibaba co-founder Joseph Tsai.

“It has been an honor and a joy to open Barclays Center, bring the Nets to Brooklyn, and watch them grow strong roots in the community while cultivating global appeal,” Prokhorov said in a press release.

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