The transaction value is estimated at $2.3 billion
Joe Zitto: Reuters
– Co-founder and Vice President of the China electronic Corporation Alibaba Group, Joe Tsai agreed to acquire 49% stake in the club of the National basketball Association (NBA) “Brooklyn nets,” according to ESPN.
The cost of this purchase, which the media has previously been announced, is estimated at $2.3 billion Deal includes the possibility of Cai in a few years become the owner of a controlling stake in the club.
Russian businessman, owner of group “ONEKSIM” Mikhail Prokhorov remains the main owner of the “Brooklyn nets” for another four years, after which it is marked, he will sell his controlling stake. But until then, until that happens, monitor the club’s operation will Prokhorov, Cai to intervene until.
Prokhorov bought 80% of shares of “Brooklyn nets” in 2009, paying about $220 million, the Sole owner of the club he became in 2015
The Russian billionaire became the first foreign owner in NBA history.
In September of this year, it was reported that Prokhorov plans to sell a controlling stake of the club.