Published: Fri, August 16, 2019
Sport | By Kayla Schwartz

Free Agent Carmelo Anthony Participates In Informal Nets Workouts

Joseph Tsai, the Taiwanese-Canadian billionaire businessman who co-founded Alibaba Group, will become the full owner of the suddenly surging NBA basketball team, the Brooklyn Nets. In the report, it states these workouts were super informal and that he also participated in some scrimmages, which means Melo has been seeing some on-the-court actions.

Forbes values the Nets at $2.35 billion, which is up significantly from the $875 million in 2015 when Prokhorov bought the remaining shares of the team.

The sale would mark a new record for a US professional sports franchise, the Wall Street Journal reported first on Wednesday.

The price would the highest ever paid for a sports franchise, topping the $2.2 billion price tags that were recently paid for the Carolina Panthers and Houston Rockets.

Indian Prime Minister Narendra Modi fears 'unchecked population explosion'
Many of the London protesters had come to the capital from other English cities on specially chartered buses. On Wednesday, Khan said he doesn't want war but Pakistan would "fight to the end" over Kashmir .

Prokhorov bought the Nets from real estate developer Bruce Ratner in 2010, allowing the team to complete its move into Brooklyn, and Barclays Center, in 2012.

In addition, Tsai still serves as executive vice chairman of Alibaba and "is known to speak positively of the Chinese government", the newspaper wrote.

Now, he is exercising an option to buy the rest of the franchise from Russian owner Mikhail Prokhorov. The former superstar fell off after he was traded from the New York Knicks to the Oklahoma City Thunder.

Sales staff received almost 1,000 inbound calls on that day alone, and within a week, the Nets had already exceeded its ticket revenue for all of the 2018-19 season.

Like this: