Joseph Tsai went into town to buy a few things. He came back with a new arena and full ownership of a rising professional sports franchise.
And $2.35 billion later, Tsai is now the full-time owner of the Brooklyn Nets, a team on the meteoric rise in the NBA. Tsai also emerged with new properties in separate deals. He likewise purchased both Barclays Center and Nassau Coliseum from Mikhail Prokhorov, ending the Russian’s decade at the helm of the Nets.
The Nets are now under the supervision of an international businessman who has succeeded in multiple endeavors.