By Eurohoops team/ info@eurohoops.net
Mr. Tsai is executive vice chairman and co-founder of Alibaba Group, a global internet company with businesses in e-commerce, cloud computing and digital entertainment.
Mr. Prokhorov, through Onexim Sports and Entertainment Holding USA, Inc., will continue to be the controlling owner and the NBA Governor of the team. There will be no changes in the day-to-day management of the team’s business or basketball operations. The Russian businessman is also part of CSKA Moscow‘s management.
Mr. Prokhorov commented, “As we looked for a partner for the team, the number one priority was to find someone who shares our global vision and passion for the future development of the Brooklyn Nets. Those who have followed our story know that, having learned some hard lessons, we are focused on building our culture, and this must be reflected in all that we do – in our players, our staff and our front office. It was important to us that we choose a partner who shares our commitment to the highest standards as we create a truly wonderful NBA franchise. I welcome Joe to the organization and I am looking forward to working with him for years to come.”
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