Joseph Tsai To Buy Remainder Of Nets For $2.2 Billion In Total

Ruben Hill
August 14, 2019

Kyrie knows better than anyone that chemistry is what helps give teams an edge during the season and over the last few weeks, he has been spotted practicing with his new Nets teammates.

Carolina Panthers owner David Tepper and Houston Rockets owner Tilman Fertitta each paid $2.2 billion to buy their respective teams. He has the right to buy the other 51 per cent from current majority owner Mikhail Prokhorov for $1.35 billion and The Post believes a deal will be announced this week.

After signing Kevin Durant and Kyrie Irving this offseason, the Brooklyn Nets have emerged as one of the NBA's brightest up-and-coming franchises. Gaining two superstar level talents means more mainstream exposure and after having only one nationally televised game the season before, the Nets will be recurring faces on national television in 2019-20.

Tsai, who Forbes estimates has a net worth of $9.3 billion, was reported to have been in talks to purchase Barclays Center and the Nassau Coliseum from Prokhorov back in March.

But that is actually a plus for the National Basketball Association, which is seeking to grow its presence in China, sources have told The Post.

Tsai also has been raising his USA profile in recent months, including an appearance at Michael Milken's annual Beverly Hills conference in April, which attracts billionaires like Blackstone's Stephen Schwarzman. The team declined to comment about the report in the Post.

Other reports by Click Lancashire

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