Barclays Center and Nets sell to Alibaba founder
Brooklyn Nets owner Mikhail Prokhorov has entered into a “definitive agreement” to sell his controlling share of the team — and their home-base.
Prokhorov, who has commanded the team since 2010, will sell his 51 percent share in the Nets as well as Barclays Center to Alibaba co-founder and Executive Vice Chairman Joseph Tsai, who purchased a 49 percent stake in the Brooklyn team back in 2017.
The sale — first rumored in March — was announced Friday morning by BSE Global, which manages and controls Barclays Center, the Brooklyn Nets and the New York Islanders business operations.