Alibaba co-founder Joe Tsai is expecting to sign a deal valued at more than $700 million to buy Brooklyn’s Barclays Center at the same time he acquires the 51 percent of the Brooklyn Nets that he does not already own, sources said.
The simultaneous deals for the team and its home arena are expected to be announced as soon as Friday, sources said. The price of the arena is not expected to be disclosed.
As The Post reported earlier this week, Tsai is paying a record $2.35 billion for the Nets. That figure includes the $1 billion he paid last year for 49 percent of the team — plus the $1.