Nets owner Prokhorov selling high to Tsai
The Alibaba founder is expected to assume control earlier than expected.
The summer acquisitions of Kevin Durant and Kyrie Irving have made the Brooklyn Nets one of the most attractive and valuable franchises in the NBA, entering the upcoming 2019-20 season.
The sudden boost in profile and valuation has apparently prompted billionaire owner Mikhail Prokhorov to sell high — as in the highest price tag ever for an American pro sports franchise.
Prokhorov, who has helmed the Downtown-based team since 2010, is reportedly on the verge of selling his controlling interest in the club to Alibaba co-founder and executive vice president Joseph Tsai, who purchased a 49 percent stake in the Nets back in 2017.