Alibaba billionaire buying Brooklyn Nets for record U.S. pro sports price


The Brooklyn nets have a new owner Joseph side he is the co founder of the Chinese economists giant Alibaba he announced he's buying the nets for a record two point three five billion dollars as the highest price ever paid for a professional sports team Newsday reporter Jim bomb back says sports teams are increasingly lucrative investment professional sports teams are on a trajectory well off any other industry is like if you would do that hi charges going up and up and up and up and up sign already owns forty nine percent of the nets and will buy the remaining fifty one

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