Joe Tsai won’t take control of the Brooklyn Nets for another three years, but the NBA is wasting no time in getting him involved in their China operations. Commissioner Adam Silver, in China for the NBA Global Games, announced Friday that Tsai will join the board of directors for NBA China.
Tsai, who bought 49 percent of the Nets in April from Mikhail Prokhorov, is executive vice-chairman and co-founder of Alibaba, the giant China-based e-commerce company. His wealth is estimated at $9.4 billion, according to Bloomberg Business. Born in Taiwan and educated in the U.S., Tsai is a citizen of both Taiwan and Canada.