Joe Tsai, who bought 49 percent of the Nets last year for more than a billion dollars, will take control of the franchise, perhaps as early as week, the New York Post reported Tuesday night.
Brian Lewis and Josh Kosman reported that the final sale price of $2.35 billion will make the deal the most expensive in US sports history.
The $2.35 billion transaction would mark the highest price ever paid for a sports franchise — beating hedge fund owner David Tepper’s $2.2 billion acquisition last year of the NFL’s Carolina Panthers, and Tilman Fertitta’s $2.