BSE Global, the parent company of both the Liberty and Brooklyn Nets, as well as their shared home of Barclays Center announced that a minority stake has been sold to philanthropist and socialite Julia Koch, a third-generation member of the Koch family, and her children.
“We welcome this new partnership with the Koch family,” said Wu Tsai in a statement. “We are excited to expand upon our shared commitment to New York City, especially the borough of Brooklyn, and continue to bring the very best sports and entertainment to this city.” Keia Clarke and Jonathan Kolb will also keep their respective roles as CEO and general manager of the Liberty.
"Our family is honored to join the Tsai family in shaping, advancing, and contributing to the shared vision for the future of The Nets, The Liberty, and the broader Brooklyn community," Koch added in the same statement., who first reported the deal on Tuesday, Koch Industries, the family's multi-national corporation well-known for its political contributions, will not be involved in the BSE affairs.