Alibaba's Tsai to buy Brooklyn Nets in deal valuing team at $2.35 billion, New York Post reports
If approved, it would be the highest price ever paid for a sports franchise. The current record came last year after hedge fund owner David Tepper acquired the NFL's Carolina Panthers for $2.2 billion. Tilman Fertitta, owner of restaurant chain Landry's, also paid $2.2 billion to purchase the NBA's Houston Rockets in 2017.
Stuart Bryan, a spokeswoman for BSE Global, which manages and controls the Brooklyn Nets, declined to comment. CNBC couldn't verify the details of the deal.
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