Joseph Tsai is close to buying the remaining 51 percent of the Brooklyn Nets he does not already own from Mikhail Prokhorov.
Tsai already owns 49 percent of the team, which he bought for $1 billion last year. The total cost of the team will be $2.35 billion. Tilman Fertitta purchased the Houston Rockets for $2.2 billion in 2017.
The Nets are expected to have an increase of revenues from 10 percent to 15 percent.
Tsai is worth an estimated $9.9 billion.