Koch Family Acquires 15% Stake in Nets' Parent Company at $6 Billion Valuation

Joe Tsai's sale of a minority share marks one of the highest valuations in U.S. sports history.

The Koch family, worth $65.2 billion, purchased a 15% stake in BSE Global, the parent company of the Brooklyn Nets and New York Liberty.
The $6 billion valuation nearly doubles the $3.3 billion Joe Tsai paid for the teams and Barclays Center in 2019.
BSE Global's assets include the highest-grossing arena, Barclays Center, and a hot WNBA team, the Liberty.
The NBA's advisory finance committee has approved the deal, pending a vote by league governors.
The sale reflects the growing economic impact of new NBA and WNBA media deals.