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An investment group led by Brooklyn Nets minority owner Joseph Tsai has bought the New York Liberty, the WNBA announced Wednesday. Terms were not disclosed.
A Canadian citizen and native of Taipei, Tsai is the co-founder of the e-commerce giant Alibaba Group. He bought a 49 percent interest in the Nets in April and has an option to purchase outright ownership of the franchise from Russian oligarch Mikhail Prokhorov in 2021.
'We - Joe - Tsai - WNBA - Family
'We are fortunate to welcome Joe Tsai to the WNBA family at a pivotal time for our league,' WNBA interim president Mark Tatum said in a statement. 'As active participants in the New York community, Joe and his team are very well-positioned to take the Liberty to exciting new heights.'
The team will continue to play most of its home games at the Westchester County Center this year. The Liberty will play one game at Brooklyn's Barclays Center, the home of the Nets, as a Comm-UNITY Day celebrating community, diversity and inclusion.
Liberty - WNBA - Level - Role - Models
'The Liberty and WNBA exemplify what it means to compete at the highest level, serve as role models in the local community, and bring greater opportunities to female athletes,' Tsai said. 'Our goal is to continue this important work and help bring the WNBA into its next phase of growth.'
Previous Liberty owner James Dolan put the team up for sale in November 2017. There had been several potential buyers and...
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