Tsai completes purchase of Nets, arena, hires Levy as CEO
The Brooklyn Nets have a new owner and a new CEO.

Alibaba co-founder Joe Tsai completed his purchase of the team and Barclays Center on Wednesday, then announced that he had hired former Turner Broadcasting President David Levy to oversee both.

Tsai`s purchase of the Nets was unanimously approved Wednesday by the NBA`s board of governors. He spent nearly $3.5 billion for the team and the arena, a record sale for a U.S. sports franchise....

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Ken Notes: WOW!



- - Volume: 7 - WEEK: 38 Date: 9/19/2019 7:17:11 AM -