Tsai completes purchase of Nets, arena, hires Levy as CEO

[ASFN Admin]

The Brooklyn Nets have a new owner and a new CEO. Alibaba co-founder Joe Tsai completed his purchase of the team and Barclays Center on Wednesday, then announced that he had hired former Turner Broadcasting President David Levy to oversee both. Tsai's purchase of the Nets was unanimously approved Wednesday by the NBA's board of governors.

Continue reading...