Nets proprietor Joe Tsai on brink of Dolphins possession stake

7

Nets proprietor Joe Tsai may have one other staff to cheer on quickly, as he’s on the point of shopping for a minority share of the Dolphins.

Tsai and personal fairness agency Ares Administration are actually in superior talks with Miami proprietor Stephen Ross to purchase stakes within the NFL staff and different belongings at a valuation of $8.1 billion, in keeping with Bloomberg.

As a part of the deal, Ares would purchase a ten p.c stake within the properties, which embrace the Dolphins, Onerous Rock Stadium and F1’s Miami Grand Prix.

Tsai — who took over the Nets in 2019, and likewise owns the WNBA’s New York Liberty — would purchase 3 p.c via Blue Pool Capital, his household workplace.

Joe Tsai and Alex Tsai attend the Aces-Liberty recreation at Barclays Heart on October 1, 2024. GC Photos

That may equate to roughly $240 million for Tsai.

He obtained simply over $190 million in working capital from the summer season sale of shares of BSE — the dad or mum firm of the Nets, Liberty and Barclays Heart — to the Koch household.


Nets legend Vince Carter will probably be inducted into the Naismith Corridor of Fame on Oct. 12-13.

And coach Jordi Fernandez recollects watching Carter’s high-flying highlights, even when he needed to keep up late again in Spain.

“I bear in mind his dunks,” Fernandez mentioned. “Rising up in Spain, the NBA was late at night time and also you needed to pay to look at it, so you can watch highlights. We didn’t have social media or smartphones or something like that, so it needed to be a present that you just watch as soon as every week and it was highlights. Clearly, I bear in mind him. Shopping for basketball magazines from Spain on the time. So yeah, I’ve good reminiscences.”

Fernandez coached Workforce Canada within the Paris Olympics this previous summer season, and plenty of the younger Canadian gamers like Shai Gilgeous-Alexander and Jamal Murray had been impressed to play by Carter’s exploits in Toronto.

“It’s very particular for him that he’s going to be honored within the Corridor of Fame,” Fernandez mentioned.


Brooklyn Nets Amari Bailey speaks to the media throughout Media Day on the HSS Coaching Heart, Monday, Sept. 30, 2024, in Brooklyn, NY. Corey Sipkin for the NY POST

Amari Bailey is on an Exhibit 10 deal, which makes him a non-guaranteed coaching camp invite.

Nonetheless, the 20-year-old — who performed at Sierra Canyon and UCLA, then the Charlotte Hornets final season — known as this his most satisfying basketball expertise but.

“[I’m told] to simply are available and be myself, understanding that that is only a clear begin, and I’ll take each step ahead. I’m simply making an attempt to embrace every thing,” Bailey mentioned. “It’s essentially the most enjoyable I’ve ever had taking part in basketball. I’m very appreciative of that, very appreciative of the workers and everybody permitting me to have this chance.”

“The tradition. The folks operating the engine, operating the ship. Having the ability to take management, I’ve nice vets, nice gamers, and we’re appearing like we have now one thing to show right here. This group will probably be good simply so long as we push one another and maintain one another accountable.

Bailey is eligible for the final of the Nets’ three two-way spots.



Source link

Leave A Reply

Your email address will not be published.