NATALIA KOLESNIKOVA / AFP / Getty
On the heels of a July report that Mikhail Prokhorov is perhaps prepared to promote his majority stake within the Brooklyn Nets comes phrase that one other multibillionaire could also be kicking the tires.
Joseph Tsai, the vice-chairman of Chinese language e-commerce big Alibaba, has expressed an curiosity within the Nets, a supply advised the New York Submit’s Josh Kosman. Representatives for his household workplace deny that, nevertheless.
Prokhorov, a Russian industrialist, turned the primary non-North American majority NBA proprietor in 2010 when he assumed management of the Nets for $223 million. With the sale of the Los Angeles Clippers to Steve Ballmer for $2 billion in 2014 and the Houston Rockets anticipated to fetch an analogous – or larger – worth now, promoting the Nets for a determine in that ballpark would symbolize an enormous return on funding for Prokhorov.
Tsai holds Taiwanese and Canadian citizenship and resides in Hong Kong.