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Alibaba Co-Founder Joseph Tsai to Become Sole Owner of Brooklyn Nets

By Sports Technology Wire on August 16, 2019

Alibaba co-founder Joseph Tsai is buying full ownership control of the Brooklyn Nets and Barclays Center for a record amount, according to a Forbes report analyzing the transaction.

The deal became official on Friday when the team announced the sale via a press release; the New York Post first broke the news of a likely sale in March and published another exclusive report on Aug. 13.

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