Alibaba co-founder buys rest of Nets, Barclays from Prokhorov

Alibaba co-founder buys rest of Nets, Barclays from Prokhorov

Alibaba co-founder Joe Tsai is expected to sign a deal valued at more than $700 million to buy Brooklyn’s Barclays Center at the same time he acquires the 51 per cent of the Brooklyn Nets that he does not already own. The total team and arena transaction are expected to cost him more than $3 billion.

Simone
Simone
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