Sources: Koch family in talks to acquire stake in Nets

BSE Global is the Nets holding company that also owns Barclays CenterGetty Images

Members of the billionaire Koch family are “in talks to acquire a stake” in the Nets, according to sources cited by Tse, Tan, Gould, & Turner of BLOOMBERG NEWS. A source said that the discussions could also "involve a stake in BSE Global,” the Nets holding company that also owns Barclays Center, and the WNBA’s N.Y. Liberty, among other sporting assets. The sources said that the talks are “ongoing and there's no assurance a deal will be reached.” Nets owner Joe Tsai bought 49% of the team in 2017 from Russian billionaire Mikhail Prokhorov and purchased the remaining stake along with the Barclays Center arena in 2019 (BLOOMBERG NEWS, 2/22). In N.Y., Brian Lewis notes there have been rumors of Tsai "looking to sell a minority share for the past year" (N.Y. POST, 2/22).