As widely expected, the National Basketball Association's NBA Board of Governors has unanimously approved the sale of the Brooklyn Nets to Alibaba co-founder Joe Tsai
The Brooklyn Nets' reboot will continue with the appointment of former Turner president David Levy as the organization’s new chief executive officer, according to ESPN.
Alibaba co-founder deal gains full control of upstart NBA franchise, Brooklyn-based arena
Alibaba co-founder gaining 51 percent of the NBA team he did not already own
The Brooklyn Nets are already cashing in on the recent free-agency signings of NBA superstars Kevin Durant and Kyrie Irving, with significant increases in ticket sales, merchandise sales, internet traffic,…
Brooklyn Nets owner Mikhail Prokhorov is willing to give up control of the NBA basketball franchise for the right price, according to the ESPN.com website.
Brooklyn’s gentrification was well under way in 2012, when Russian billionaire Mikhail Prokhorov brought the nets back to New York for the first time since 1977.