Untangling all of Prokhorov’s expenses — those already made and those to come over the next four years — will be difficult. (Estimating net worth for billionaires is a tricky exercise.). Joseph Tsai, the billionaire co-founder of Alibaba, is in talks to buy Brooklyn’s Barclays Center and the new Nassau Coliseum in Uniondale from Russian billionaire Mikhail Prokhorov, The Post has learned. Since a majority stake isn’t changing hands right now, it may not exactly qualify. That deal reportedly includes an option for Tsai to buy the rest of Prokhorov’s stake in the team in four years. We want to hear from you. We want to hear from you. Young tech entrepreneur Robert Pera bought the team for a song five years ago. The Nets are being sold — sort of — at a valuation of $2.3 billion. Tsai was born in Taiwan, raised in Canada, and educated in the United States, completing studies at Yale. The current team sales record came last year after hedge fund manager David Tepper acquired the NFL's Carolina Panthers for $2.2 billion. We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. That puts him in rather elite company within NBA ownership circles. That breaks the NBA record for team valuation in sale, recently set by the Houston Rockets at $2.2 billion. However, he expects that a vaccine plus testing procedures will make future seasons less of a problem. A Division of NBCUniversal. "The one thing that is terribly misunderstood, and often ignored, by the western press and those critical of China, is that 1.4 billion Chinese citizens stand united when it comes to the territorial integrity of China and the country's sovereignty over her homeland. The deal gives Tsai, who hails from Taiwan, rights to buy the rest of the team before the 2021-22 basketball season for an additional $1.35 billion. — Brooklyn Nets owner Joseph Tsai Wednesday at the Delivering Alpha conference. Sources: MAD Lions nearing deals with Armut, Elyoya, Deficio named director of Misfits Gaming Europe, LEC fines Astralis for multiple late payments, interim GM behavior, 100 Thieves to no longer field CS:GO roster, Limited number of fans to be allowed to attend worlds final in Shanghai, Riot announces 10 teams for the CBLoL franchises, H3cz to reacquire OpTic Gaming from Immortals Gaming Group, Overwatch League Grand Finals -- how the meta played out, Overwatch League free agency 2021 -- signings, rosters and schedules, San Francisco Shock win second consecutive Overwatch League title, Dota 2's The International surpasses $40 million in prize money, Madden NFL 21 adds Greek Freak and the Antetokounmpo brothers, PSG Talon surprise everyone by crushing LGD and Rainbow 7 on day one of Worlds 2020, Tyler Erberger crowns PSG Talon's Dee as his Player of The Day for League of Legends Worlds 2020 Day 1, Tyler crowns his unsung hero from the first day of the League of Legends World Championship, Tyler Erzberger and Arda Ocal predict what tomorrows World Championship headlines will be, Tyler Erzberger has hope for North America after day one of Worlds, 2020 Call of Duty League free-agency news, rumors and rosters, POC formalizes PESO as governing body of esports, Mario Kart Live: Home Circuit tips and tricks, Group stages complete, quarterfinals set: LoL worlds Group D recap.

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