Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai is paying about $3
.5 billion for the Brooklyn Nets and their arena, the Barclays Center, accordi
ng to a person familiar with the deal.
The agreement to buy the basketball team and stadium from Russian billionaire
Mikhail Prokhorov may be announced as soon as Friday, said the person, who ask
ed not to be identified because the deal isn’t yet public.
BSE Global, parent company of the Nets and the arena, declined to comment. Tsa
i