Sport

Who owns WNBA’s New York Liberty?

THE WNBA’s New York team, called Liberty, was purchased by the same people behind the Brooklyn Nets purchase and takeover of the Barclays Center.

While Joe Tsai was paid between $3.3 billion and $3.5 billion for Nets and their home stadium, less is known about the New York Liberty purchase.

Brooklyn Nets and New York Liberty Owner Joe Tsai attend a game in New York in October 2021

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Brooklyn Nets and New York Liberty Owner Joe Tsai attend a game in New York in October 2021Credit: Getty Images – Getty

Who is Joe Tsai?

Joe Tsai, one TaiwaneseCanadian businessman, lawyer and philanthropist who purchased Liberty in January 2019.

Joe Tsai is best known as the co-founder and executive vice president of Chinese e-commerce giant Alibaba.

Tsai attended both university and law school in Yale University.

Why is Liberty’s team on the news?

The Statue of Liberty made the news on March 1, 2022, after Howard Megdal of Sports Illustrated broke the story that Tsai repeatedly chartered private flights for the team, even though this was a direct violation of CBA rules.

After Tsai was arrested, union officials called for a $1 million fine.

However, WNBA commissioner Cathy Engelbert was able to reduce the fine.

According to the agency, multiple participants on the Board of Governors revealed that Engelbert could lower the fine to $500,000.

“I cut a deal with Joe,” Engelbert said.

Joe Tsai, has made billions of dollars buying sports groups like the Brooklyn Nets

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Joe Tsai, has made billions of dollars buying sports groups like the Brooklyn NetsCredit: Getty Images – Getty

Mark Davis, a Las Vegas-based owner also comments on flights.

“The players deserve more money.… They don’t need to fly commercial flights,” Davis said. “We should have charter flights.”

Traffic problems have resulted in many games being canceled and several other players have expressed it.

“I think charter flights represent the world of sports in that it gives you a little bit of authenticity,” the Seattle Storm defender Sue Bird said in february when explaining the magnitude of the problem.

“It is said that your Federation is very successful, it has enough money to charter flights, which is extremely expensive. There are not many businesses that just charter flights left and right. – So I I think for many of us, it’s just going to be an indicator of that. It’s going to be an indicator of financial success.”

Is Joe Tsai married?

58 years old already marry since 1996 to his wife Clara Wu.

The couple also had three kids together in their marriage.

Clara and Joe share: Dash, Alex and Jacob together.

What is Joe Tsai’s net worth?

Tsai has one great net worth and has amassed a huge fortune as an entrepreneur.

Based on ForbesHis estimated net worth is $8.7 billion.

Joe was in fact at number 9 on Forbes’ list of From Hong Kong 50 Richest 2022.

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https://www.the-sun.com/sport/4801147/who-owns-new-york-liberty/ Who owns WNBA’s New York Liberty?

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