It finally happened. After months of murmurs and whisperings, the New York Daily News‘ Stefan Bondy reported that the NBA Board of Governors approved the sale of the Brooklyn Nets to e-commerce mogul, Joseph Tsai.
Back on Aug. 16, the New York Post’s Josh Kosman and Brian Lewis originally reported that Tsai was closing in on purchasing the remaining 51% of the Nets’ ownership for a record-setting $2.35 billion price tag. With the deal finally closed, it’s safe to say we can kiss the Mikhail Prokhorov era goodbye and say hello to a Joe Tsai future.