Now that Joe Tsai, the Nets’ minority owner, is closing in on his purchase of Barclays Center, that opens the door to accelerating his takeover of the rest of the team. But what does that means for fans?
Once Tsai completes the deal for the team, worth an NBA-record $2.35 billion, and adds the arena to go with it in a move first reported by The Post, the Nets will swap one wealthy foreign owner for another. What will change and what stays the same?
The deep pockets, for one, will remain. Tsai will replace Mikhail Prokhorov as the third-richest principal owner in the NBA; both men are estimated to have net worths in the vicinity of $10 billion.