Nets Owner Tsai ‘Relieved’ to Pass Record Buyer Crown to Walton – Sportico

Nets Owner Tsai ‘Relieved’ to Pass Record Buyer Crown to Walton – Sportico

Brooklyn Nets proprietor Joe Tsai says he’s “relieved” to be dropping his title As a Outcome of the sports activities proprietor who paid In all probability the most for his group, a mantle Which will quickly be handed to new Denver Broncos proprietor Rob Walton.

The Nets and rights to the Barclays Center have been worthd at $3.3 billion when Tsai consolidated possession again in 2019. It has remained The very biggest worth ever paid for a sports activities franchise, Greater than Steve Cohen paid for the Mets in 2020 ($2.42 billion), And in addition topping the Chelsea FC sale final month ($3.16 billion).

Not. Earlier this week billionaire Rob Walton reached an settlement To buy the NFL’s Denver Broncos for $4.65 billion, a deal Which will probably shut Inside The approaching months. In an interview from Brooklyn, Tsai said he was Eager to no longer be The reply to that sports activities enterprise trivia question.

“I’m actually, actually joyful,” Tsai said. “It makes me uncomfortable to On A daily basis be talked about As a Outcome of the man who paid The very biggest worth for a sports activities franchise. So I’m relieved that I can relinquish that title.”

His pleasure isn’t simply from aid. Tsai furtherly said hovering franchise worths, even in A particular league, further advantages his enterprise.

“A strong tide lifts all boats,” he said. “So if an NFL franchise can promote for over $4 billion, Close …….

Source: https://www.sportico.com/business/sales/2022/joe-tsai-record-sale-walton-1234678303/

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