Boss Cai wants to sell Nets shares! It s been less than 5 years since I bought it!

Mondo Sports Updated on 2024-02-23

A new season of sports

On April 13, 2018, Brooklyn Nets owner Mikhail Prokhov sold a 49% stake in the Nets to Joe Tsai, a deal that was unanimously approved by the NBA Board of Directors.

In August 2019, Joe Tsai completed the acquisition of all shares of the Nets, totaling 23$500 million, a record in NBA history.

However, less than 5 years have passed since Boss Cai completed the acquisition of all the shares of the Nets, and now it has been put on the shelf**. According to Sportico's estimates, the Nets are currently worth around 39$800 million, but the New York Post further reported that about the acquisition of the Nets, about 10% of the shares sold were sold at a total valuation of 4.8 billion, which is nearly $1 billion higher than the team's valuation! Theoretically, this should be a valuation of the Nets' parent company, BSE Global, which includes the liberty and a stake in the arena at the Barclays Center.

American media Sportico reported that members of the Koch family are currently discussing the acquisition of some shares in the Nets. The acquisition will target the Nets' parent company, BSE Global, which includes the Nets, the WNBA Liberty and the Barclays Center. As a super-rich family, if the Koch family succeeds in entering the game this time, they will become the richest team shareholders in the NBA other than Ballmer. The Koch family, the owner of Koch Industries, the second-largest privately held company in the United States, passed away five years ago, so this time it was his widow Julia Koch and his son David Koch Jr. who led the acquisition.

At present, the Koch family is worth between $60 billion and $65 billion, and Julia Koch is also the second richest woman in the world. However, the main party of this acquisition, that is, the shareholder if the acquisition is completed, is his youngest son, a young man under the age of 30. If the acquisition does go through, David Koch Jr. will also become one of the youngest owners in the NBA. Although he plans to hold part of the shares for a short time, the outside world is not surprised by Boss Cai's decision, because the Nets have not become a potential stock team in the league after losing the Big Three. So far this season, the Nets have a record of only 21 wins and 34 losses, ranking 11th in the East.

The team has a 3-and-D forward line, as well as Claxton on the inside, who sees himself as a contender for the Defensive Team of the Season, but ranks 21st in the league in defensive efficiency and has the worst three-point defense in the league. At the trade deadline, the Nets sent away Dinwiddie and O'Neal two expiring contracts, but they didn't get any higher-level stars, in other words, they will have a hard time improving this season. Although the team fired Vaughn, the Nets still don't have a clear plan for the future. This is also a problem that has been in the team's management since Boss Cai took over the Nets.

Max, who has been the general manager of the team for 8 years, has fired the head coach three times in these 8 years, namely Atkinson, Nash, and Vaughn, although this may have something to do with the team's previous formation of the Big Three, but a lot of investment in recent years has not brought any decent results to the Nets, only won one round of playoffs, this offseason, if the Nets have not been able to find a clear direction to build the team, then the team may not be as simple as replacing the head coach or changing players, The general manager of the team may also be rolling up and leaving......

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