Find out who owns the Brooklyn Nets NBA franchise, the owner's net worth, source of wealth and ownership history.
The Brooklyn Nets is based in Brooklyn, New York, and is a member of the NBA's Eastern Conference.
Who owns the Brooklyn Nets?
The Brooklyn Nets is owned by Joseph Tsai, who acquired the franchise in 2019.
Brooklyn Nets ownership structure
Joseph Tsai
Joseph Tsai is a Taiwanese-Canadian businessman and co-founder of the Alibaba Group.
Tsai has investments in sports franchises and owns the Brooklyn Nets (NBA), the New York Liberty (WNBA), and the San Diego Seals (NLL) and has interests in several other professional sports franchises. He has a net worth of 11.5 billion.
Club Net Worth & Valuation
According to figures from Forbes, the Brooklyn Nets are valued at $4.8 billion.
Ownership History
The Brooklyn Nets has gone through a series of owners throughout its history.
Arthur J. Brown (1967-1969) - The team’s first owner.
Roy Boe (1970-1978)
The Secaucus Seven (1979-1998)
Bruce Ratner (2005-2010)
Mikhail Prokhorov (2011-2019)
The Brooklyn Nets were originally founded in 1967 as the New Jersey Americans. The team became the New York Nets before rebranding as the Brooklyn Nets in 2012.