- Joe and Clara-Wu Tsai own the Brooklyn Nets.
- They bought the Nets and Barclays Center for a total of $3.3 billion from Mikhail Prokhorov.
- Joe Tsai is the co-founder and chairman of Alibaba Group.
The Brooklyn Nets underwent new ownership in September 2019, months after they signed Kevin Durant and Kyrie Irving.
Those signings made the Nets a legitimate title contender in the early 2020s, significantly improving their NBA championship odds.
With that said, who owns the Nets? Let’s find out.
Who Owns the Brooklyn Nets?
Joe and Clara-Wu Tsai own the Nets.
They also own the WNBA’s New York Liberty.
The Tsai’s bought the Nets and Barclays Center for a total of $3.3 billion from Mikhail Prokhorov.
They first bought a 49% stake in the franchise in April 2018, worth $1 billion.
Joe Tsai is the co-founder and chairman of Alibaba Group.
Who Is the Majority Owner of the Brooklyn Nets?
Joe and Clara-Wu Tsai are the majority owners of the Nets, owning 85% of the franchise.
Julia, David, Jr., Mary Julia, and John Koch are the minority owners, as they bought a 15% stake in the franchise for around $700 million in June 2024.
How Much Did Jay-Z Own of the Nets?
Jay-Z owned 0.067% of the Nets, equivalent to one-fifteenth of one percent.
The iconic rapper purchased his stake in the franchise in January 2004 for $1 million and played a key role in the team’s rebranding and cultural presence during its relocation from New Jersey to Brooklyn in 2012.
He sold his stake in the Nets and Barclays Center in September 2013 before launching his sports agency, Roc Nation Sports.
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