Basketball

Media: Prokhorov willing to sell “Brooklyn” for a record amount

7

Co-founder of Chinese Internet company Alibaba Group, Joseph Tsai is close to acquiring the remaining shares of “Brooklyn” Russian businessman Mikhail Prokhorov.

As reported by The New York Post, a Taiwanese-canadian businessman buys remaining 51% stake in the club for 1.35 billion dollars.

In April 2018, Prokhorov sold the Cai 49 per cent of shares of the team for $ 1 billion.

Thus, the total amount of the transaction will amount to 2.35 billion dollars.

If businessmen agree, the Cai will be the sole owner of the nets.

Also note that this is the most expensive purchase of the club in the history of North American sports. The record belongs to the Houston club and the NFL “Carolina”, each of which was acquired for $ 2.2 billion in 2017.

Leave a Reply