Sale Of Nets To Joe Tsai Unanimously Approved By NBA Governors

[RealGM Wiretap]

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

[mplsfonz23]

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?

[MegaK]

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.

[mplsfonz23]

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.

[Cookin Baskets]

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.

[mplsfonz23]

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.