Overview
- The couple said late Friday that after nearly 30 years of marriage they have decided to divorce by mutual agreement and described the split as amicable.
- Joe Tsai will remain chairman of Brooklyn Sports & Entertainment and governor of the Brooklyn Nets while Clara Wu Tsai will remain vice chair of BSE and governor of the New York Liberty.
- The Tsais said Joe’s role at Alibaba is unchanged and there are no plans to sell any Alibaba shares as part of the separation.
- They plan to involve their three grown children in long-term stewardship of their sports and business assets, and a 2024 sale of a reported 15% stake in BSE to the Koch family leaves an outside minority investor in place.
- Longer-term outcomes could still change depending on legal or financial steps, but for now professional management and the existing ownership structure make immediate operational disruption unlikely and are the main things to watch next.