Brooklyn Nets owner Joe Tsai is reportedly in talks to sell a minority stake in the franchise to the Koch family, according to sources familiar with the matter. The Koch family's investment vehicle, 1888 Management, is considering purchasing a stake in BSE Global, Tsai's holding company that oversees not only the Nets but also the WNBA's New York Liberty and Barclays Center.
The Koch family is widely recognized for their involvement in politics, particularly for supporting conservative causes. This potential investment comes on the heels of the Adelson family's recent acquisition of the controlling stake in the Dallas Mavericks from longtime owner Mark Cuban.
Joe Tsai acquired the Brooklyn Nets from Mikhail Prokhorov in 2019, following his purchase of a 49 percent stake in the team from the Russian billionaire the year prior. The Nets currently hold a 21-33 record this season and recently parted ways with head coach Jacque Vaughn after a string of disappointing performances, going 6-18 in their last 24 games.
The discussions regarding the sale of a minority stake to the Koch family were first reported by Bloomberg. The potential partnership between Tsai and the Koch family could have significant implications for the future of the Brooklyn Nets and the broader sports landscape.
