Nets owner Joe Tsai on brink of buying Dolphins ownership stake

Nets owner Joe Tsai could have another team to cheer on soon, as he’s on the brink of buying a minority share of the Dolphins.Tsai and private equity firm Ares Management are now in advanced talks with Miami owner Stephen Ross to buy stakes in the NFL team and other assets at a valuation of $8.1 billion, according to Bloomberg.As part of the deal, Ares would buy a 10 percent stake in the properties, which include the Dolphins, Hard Rock Stadium and F1’s Miami Grand Prix.Tsai — who took over the Nets in 2019, and also owns the WNBA’s New York Liberty — would buy 3 percent through Blue Pool Capital, his family office.That would equate to roughly $240 million for Tsai.

He got just over $190 million in working capital from the summer sale of shares of BSE — the parent company of the Nets, Liberty and Barclays Center — to the Koch family.Nets legend Vince Carter will be inducted into the Naismith Hall of Fame on Oct.12-13.

And coach Jordi Fernandez recalls watching Carter’s high-flying highlights, even when he had to stay up late back in Spain.Sign up for Inside the Nets by Brian Lewis, exclusively on Sports+.

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Enjoy this Post Sports+ exclusive newsletter! “I remember his dunks,” Fernandez said.“Growing up in Spain, the NBA was late at night and you had to pay to watch it, so you could watch highlights.

We didn’t have social media or smartphones or anything like that, so it had to be a show that you watch once a week and it was highlights.Obviously, I remember him.

Buying basketball magazines from Spain at the time.So yeah, I have good memories.”Fernandez coached Team Canada in the Paris Olympics this past summer, and a number of the young Canadian players like Shai Gilgeous-Alexander and Jamal Murray were inspired to play by Carter’s exploits in Toronto.“It’...

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Publisher: New York Post

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