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Alibaba Denies Vice Chair Joseph Tsai Is In Talks To Buy Stake In Nets

Alibaba on Thursday denied that Vice Chair Joseph Tsai is in "advanced talks to buy a stake" in the Nets, according to Toonkel & Oran of REUTERS. Sources said that Tsai was "in talks to buy a stake" in the team, valuing the Nets at around $2.2B, and that a deal "could be finalized in the next few weeks." But it is "possible that negotiations could collapse at the last minute." The "exact size of Tsai’s possible stake could not immediately be learned" (REUTERS, 10/5). Meanwhile, in N.Y., Josh Kosman cites sources as saying that Nets Owner Mikhail Prokhorov is "getting closer to selling" the team. There are "multiple suitors late in the process" to buy a 49% stake in the Nets, along with the "right to buy a larger stake and become the controlling owner in three years." The sale "does not include" Barclays Center (N.Y. POST, 10/6).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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