SI.com: Joe Tsai nearing deal w/ James Dolan for NY Liberty
Posted: Wed Jan 9, 2019 10:58 pm
Nets will have a sister WNBA team in the near future.
NEW YORK (AP) — Brooklyn Nets minority owner Joseph Tsai is close to adding another New York team to his sports portfolio.
An investment group led by the co-founder of the Alibaba Group is close to a deal to buy the Liberty, a person familiar with the purchase told The Associated Press on Wednesday. The person, who said the deal could be done within a week, spoke to the AP on condition of anonymity because the discussions were private. The WNBA’s regular season begins in May.
Tsai bought a 49 percent interest in the Nets in April. Liberty owner James Dolan put the team up for sale in November 2017. There had been several potential buyers and a few had gotten close to purchasing the team over the past 14 months, but all the deals fell through for various reasons.
The WNBA already has released its schedule for 2019, and the Liberty are set to play in suburban Westchester again, with the two school and camp-day games listed without a venue. With dates locked in, it could be difficult to move games to Brooklyn’s Barclays Center if that’s what the new ownership group wanted.
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