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.”