The Koch family’s deal for a 15% stake in Brooklyn Nets parent BSE Global values the struggling NBA franchise at $3.8 billion – and puts the valuation for the parent company at $5.8 billion, The Post has learned.
The company, chaired by Nets owner Joe Tsai, also includes the WNBA’s New York Liberty and Barclays Center, the highest-grossing arena in the world, according to Billboard.The source with knowledge of the financial breakdown of the deal said Koch’s 15% stake in BSE Global values Barclays Center at $1.5 billion, and the Liberty at roughly $200 million – a significant spike from the $130 million value the team had at the start of year, according to Sportico.
The value of the Nets has now jumped by more than a third since Tsai paid $2.35 billion for the team in 2019. At the time, he also paid $1 billion for the Barclays Center. The $3.8 billion valuation puts the Nets in the middle of the pack in the NBA, which has seen franchise values soar in recent years.
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