Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors

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Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors 

Post#1 » by RealGM Wiretap » Wed Sep 18, 2019 3:38 pm

The NBA Board of Governors has unanimously approved the sale of the Brooklyn Nets to Joe Tsai.


“We are thrilled that Joe Tsai is becoming the principal owner and governor of the Brooklyn Nets,” said NBA Commissioner Adam Silver.  “In addition to being a passionate basketball fan, Joe is one of China’s preeminent internet, media and e-commerce pioneers and his expertise will be invaluable in the league’s efforts to grow the game in China and other global markets.  I would also like to thank Mikhail Prokhorov and Dmitry Razumov for their enormous contributions to the Brooklyn community, the Nets organization and the league.  They leave a thriving team, well-positioned for the future.”

Via RealGM Staff Report

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Re: Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors 

Post#2 » by mplsfonz23 » Wed Sep 18, 2019 5:32 pm

Why sell now?
Were they losing money?

Doesn't make sense to me. After all the losing, they finally make a little noise, then sell?
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Re: Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors 

Post#3 » by MegaK » Wed Sep 18, 2019 6:17 pm

mplsfonz23 wrote:Why sell now?
Were they losing money?

Doesn't make sense to me. After all the losing, they finally make a little noise, then sell?


Their value is high, it is the ideal time to sell.
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Re: Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors 

Post#4 » by mplsfonz23 » Wed Sep 18, 2019 6:38 pm

MegaK wrote:
mplsfonz23 wrote:Why sell now?
Were they losing money?

Doesn't make sense to me. After all the losing, they finally make a little noise, then sell?


Their value is high, it is the ideal time to sell.


IDK, with Kyrie coming and Durant, seems like they will be much higher in a few years. That's just me.
2010 they paid 365 mil, now it's at 2.4 billion. Higher in three years if you ask me.
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Re: Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors 

Post#5 » by Cookin Baskets » Wed Sep 18, 2019 6:43 pm

mplsfonz23 wrote:
MegaK wrote:
mplsfonz23 wrote:Why sell now?
Were they losing money?

Doesn't make sense to me. After all the losing, they finally make a little noise, then sell?


Their value is high, it is the ideal time to sell.


IDK, with Kyrie coming and Durant, seems like they will be much higher in a few years. That's just me.
2010 they paid 365 mil, now it's at 2.4 billion. Higher in three years if you ask me.


They made a cool billion plus can't feel too bad for them, not at all.
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Re: Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors 

Post#6 » by mplsfonz23 » Wed Sep 18, 2019 7:31 pm

Cookin Baskets wrote:
mplsfonz23 wrote:
MegaK wrote:
Their value is high, it is the ideal time to sell.


IDK, with Kyrie coming and Durant, seems like they will be much higher in a few years. That's just me.
2010 they paid 365 mil, now it's at 2.4 billion. Higher in three years if you ask me.


They made a cool billion plus can't feel too bad for them, not at all.


I don't feel bad, just seems like it was about to be a serious cash cow now. Could be worth 5 billion in 5-10 years.

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