Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

Sources: Tsai discussing minority sale of Nets

Written by 
Published in Basketball
Thursday, 22 February 2024 14:00

Brooklyn Nets owner Joe Tsai has discussed the possibility of selling a minority stake in the franchise to the Koch family, sources confirmed to ESPN.

The family's investment vehicle, 1888 Management, could potentially buy a stake in BSE Global, Tsai's holding company that controls not only the Nets but also the WNBA's New York Liberty and Barclays Center.

The Kochs are well known for their involvement in politics, particularly in terms of funding conservative causes. Another prominent family in those circles, the Adelsons, recently purchased the controlling stake of the Dallas Mavericks from longtime owner Mark Cuban.

Tsai bought the Nets from Mikhail Prokhorov in 2019, after having bought 49% of the team from the Russian billionaire the year before.

Brooklyn is 21-33 this season entering Thursday night's game against the Toronto Raptors, and it fired coach Jacque Vaughn on Monday after the Nets had gone 6-18 over their previous 24 games.

Bloomberg first reported the news of the discussions over the minority stake taking place.

Read 44 times

Soccer

PSG boss on semi: Even Mbappé must defend

PSG boss on semi: Even Mbappé must defend

EmailPrintOpen Extended ReactionsParis Saint-Germain manager Luis Enrique has called on star forward...

Belichick burns Brady over Birmingham relegation

Belichick burns Brady over Birmingham relegation

EmailPrintOpen Extended ReactionsFormer New England Patriots coach Bill Belichick ribbed his six-tim...

What Real Madrid's LaLiga title means, Haaland's four-goal day, more

What Real Madrid's LaLiga title means, Haaland's four-goal day, more

EmailPrintOpen Extended ReactionsIt's been another wonderful weekend in European soccer! Real Madrid...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Riley: Butler extension contingent on availability

Riley: Butler extension contingent on availability

EmailPrintOpen Extended ReactionsMIAMI -- If Jimmy Butler wants to see more pay, Pat Riley will want...

Gobert questionable for G2 after 1st child born

Gobert questionable for G2 after 1st child born

EmailPrintOpen Extended ReactionsMinnesota Timberwolves center Rudy Gobert is questionable for Monda...

Baseball

White Sox bring up RHP Clevinger from Triple-A

White Sox bring up RHP Clevinger from Triple-A

EmailPrintOpen Extended ReactionsST. PETERSBURG, Fla. -- Right-hander Mike Clevinger was recalled by...

Guardians' hits leader Kwan on IL, Manzardo up

Guardians' hits leader Kwan on IL, Manzardo up

EmailPrintOpen Extended ReactionsCLEVELAND -- The Guardians are losing their extraordinary leadoff h...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated