Tsai confirmed as New York Liberty owner

An investment group led by Brooklyn Nets minority owner Joseph Tsai has bought WNBA team New York Liberty.

Previous Liberty owner James Dolan put the team up for sale in November 2017. The team said before last season it had “lost money every year since its inception and cumulative losses exceed $100m (€88m)”.

Last season the Liberty – who are based at the suburban Westchester County Center – averaged just 2,823 fans a game.

Under new ownership, they will play one game at Brooklyn’s Barclays Center, the home of the Nets, on a day celebrating community, diversity and inclusion.

Tsai, a co-founder of the commerce giant Alibaba Group, bought a 49-per-cent stake in the NBA Nets last April.