Joseph Tsai buys Barclays Center, becomes sole owner of Brooklyn Nets

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Joseph Tsai buys Barclays Center, becomes sole owner of Brooklyn Nets
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Joseph Tsai to buy Brooklyn Nets

"It has been an honor and a joy to open Barclays Center, bring the Nets to Brooklyn, and watch them grow strong roots in the community while cultivating global appeal," said Prokhorov in a press release.

The purchase makes Tsai, who previously owned 49% of the basketball team, the sole owner of the Nets and reportedly values the team at a record $2.35 billion.

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