He lives in San Diego and has also invested in a Major League Lacrosse expansion team for San Diego as well. He played lacrosse at Yale...
Tinman, be glad he didn't buy Rockets and force a trade to get Lin....would have been your worst nightmare.
Maybe so, doesn't mean Lin cannot be the backup PG (if he can bounce back from the injury). To the team it may not matter a whole lot, but to the forum and you particularly....
Depends on his recovery and actually there was an article about salary cap space and what Lin's injury affects it. http://nypost.com/2017/10/20/why-jeremy-lins-injury-leaves-nets-with-a-financial-headache/ Why Jeremy Lin’s injury leaves Nets with a financial headache By Brian Lewis October 20, 2017 | 9:53pm It’s not a good sign that they have had to see it twice. Lin has started just 34 games through the first two seasons of a three-year, $36 million deal. While Lin had looked like a prime candidate to opt out of his deal next summer (which would leave the Nets close to being able to chase a max free agent) or to be traded beforehand, now he will be almost certain to opt in. That would leave the Nets with less than $13 million in cap room. The Nets could stretch him — putting $4 million on the books the next three seasons — but considering they still have Deron Williams’ dead money on the books, would they? These are the tough decisions Marks has to make going forward.
Interesting read, but they have been in a "headache" ever since they got raped by Boston years ago during that trade....
That was the old owner. Everything starts new. For the Nets fans, I think they hope the owner: 1. cares about winning 2. doesn't move the team
Wow...these Asian Chicks are super sexy and I like the last one with Starbury. We need more of us bros getting with these hot Asian babes!!!
Meet the new owner of the Brooklyn Nets. Joseph Tsai, the billionaire co-founder of e-commerce giant Alibaba, is close to signing a deal to buy the 51 percent of the Brooklyn Nets he does not already own from Russian billionaire Mikhail Prokhorov, sources told The Post. The deal is expected to be announced this week, sources said. The $2.35 billion transaction would mark the highest price ever paid for a sports franchise — beating hedge fund owner David Tepper’s $2.2 billion acquisition last year of the NFL’s Carolina Panthers, and Tilman Fertitta’s $2.2 billion purchase of the NBA’s Houston Rockets in 2017. Tsai already owns 49 percent of the team, which he bought for $1 billion last year. At that time, the 55-year-old businessman locked in the right to buy the remaining 51 percent of the team before the 2021-2022 basketball season, for an additional $1.35 billion. If Tsai signs off on the deal, he’ll be exercising his right to buy the remaining 51 percent of the team from Prokhorov two seasons early. Forbes estimates Tsai — the vice chair of Alibaba, the Chinese equivalent of Amazon — is worth $9.9 billion. The Taiwan native is known to speak positively of the Chinese government, sources said. But that is actually a plus for the NBA, which is seeking to grow its presence in China, sources have told The Post. Tsai is a member of NBA China, which conducts league business in that country, even though he doesn’t yet control a team. The Nets declined to comment. The Post reported exclusively in March that Tsai was in talks to buy the Barclays Center and the new Nassau Coliseum in Uniondale, purchases that would pave the way for him to get NBA approval to buy the team. The NBA pushes its owners to also own their arenas, and that is one of the reasons Tsai will also be acquiring the Barclays Center, sources said.
Yuck. Maybe Fertitta can sell him the font the Rockets use on their uniforms and on other things for a pile of money. One can only hope.
As long as none of this impacts Houston as "China's team" then good for the both Tsai getting in and Proko for cashing out. So what is the math in the end, did he make abut 1B when his real estate venture in Barclay is sold. If you can triple or quadruple your value in 9 years while losing money each year who cares about luxury taxes and perennial cash losses. You win. He's probably not even selling high. Durant should skyrocket the team into at least one more stratosphere.
Never seen him with Jack Ma but he seemed to be a co-founder. Someone mail Joseph that Durant is not going to be the same, lelz, but good thing hopping on the bandwagon now.
As a Nets fan, one thing that has been very clear to me since he first invested in the team is that Joe Tsai is very much into sports. This is not some vanity investment for him, it's definitely a passion investment. He was a collegiate athlete (lacrosse at Yale), so he's going to understand the impact of things like injury on Durant.