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Tsai buys rest of Nets from Prokhorov

(Photo by LISA O'CONNOR / AFP) (Photo credit should read LISA O'CONNOR/AFP/Getty Images)

NEW YORK (AP) In a record sale for a U.S. sports franchise, the co-founder of Alibaba agreed to buy the remaining 51 percent of the Brooklyn Nets and Barclays Center for about $3.4 billion, two people with knowledge of the details said Friday.

Joe Tsai already had purchased 49 percent of the team from Russian billionaire Mikhail Prokhorov in 2018, with the option to become controlling owner in 2021.

Instead, he pushed up that timeline for full ownership of a team on the rise after signing superstars Kevin Durant and Kyrie Irving in July.

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