Alibaba co-founder to buy Brooklyn Nets for record $2.35 billion
August 14, 2019 at 16:57 PM EDT
The $2.35 billion transaction would mark the highest price ever paid for a sports franchise — beating hedge fund owner David Tepper’s $2.2 billion acquisition last year of the NFL’s Carolina Panthers and Tilman Fertitta’s $2.2 billion purchase of the NBA’s Houston Rockets in 2017.
