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Nets minority owner to buy Liberty
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toad455



Joined: 16 Nov 2005
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PostPosted: 01/09/19 5:28 pm    ::: Nets minority owner to buy Liberty Reply Reply with quote

Felt this needed it's own thread.

https://apnews.com/85bc4d6de70a4c5a893a00bc37a9231a?utm_source=Twitter&utm_campaign=SocialFlow&utm_medium=AP_Sports

Quote:

An investment group led by the co-founder of the Alibaba Group is close to a deal to buy the Liberty, a person familiar with the purchase told The Associated Press on Wednesday. The person, who said the deal could be done within a week, spoke to the AP on condition of anonymity because the discussions were private. The WNBA’s regular season begins in May.



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toad455



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PostPosted: 01/09/19 5:44 pm    ::: Reply Reply with quote

The schedule has already been released, but I wonder how many games can be moved to Barclays?



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toad455



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PostPosted: 01/09/19 6:28 pm    ::: Reply Reply with quote

Info on Joseph Tsai and the Alibaba Group.

Tsai is a 49% owner of the Brooklyn Nets(Oct. 2017).
Tsai joined Michael Rubin to buy the Carolina Panthers(March 2018).
Tsai owns the NLL's San Diego Seals(Oct. 2017).

Tsai has also been rumored to want an Arena Football team playing at Barclays.


Alibaba Group Holding Limited is a Chinese multinational conglomerate specializing in e-commerce, retail, Internet, AI and technology. Founded April 4, 1999, the company provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals, as well as electronic payment services, shopping search engines and cloud computing services. It owns and operates a diverse array of businesses around the world in numerous sectors, and is named as one of the world's most admired companies by Fortune.



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root_thing



Joined: 28 Apr 2007
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PostPosted: 01/09/19 6:37 pm    ::: Reply Reply with quote

Trump will probably have some agency block the sale for national security reasons. Razz

This has nothing to do with Alibaba itself. Otherwise, as a stockholder, I'd be outraged at such a bad business decision. Twisted Evil



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toad455



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PostPosted: 01/09/19 8:01 pm    ::: Reply Reply with quote

Barclays is available based on the current schedule:

May 24 vs. IND
June 7 vs. WAS
June 9 vs. LAV
June 12 vs. MIN
June 19 vs. CHI
June 28 vs. DAL
July 7 vs. LAV
July 20 vs. LAS
Aug 4 vs. CON
Aug 11 vs. SEA
Aug 13 vs. MIN
Aug 23 vs. ATL
Aug 27 vs. PHX
Aug 30 vs. CON
Sept 3 vs. WAS
Sept 6 vs. IND

Only current game not available to move is June 4 vs. LAS(camp game).



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chadb



Joined: 12 Feb 2009
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PostPosted: 01/09/19 8:07 pm    ::: Reply Reply with quote

This is incredible news. For the Liberty and the league!


Shades



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PostPosted: 01/09/19 8:27 pm    ::: Reply Reply with quote

Did they say they would move games?



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toad455



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PostPosted: 01/09/19 8:29 pm    ::: Reply Reply with quote

Shades wrote:
Did they say they would move games?


the deal isn't done yet. supposed to be announced next week. guess we'll find out then.



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toad455



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PostPosted: 01/09/19 8:32 pm    ::: Reply Reply with quote

Thanks to Russell Steinberg for the image.




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myrtle



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PostPosted: 01/09/19 8:37 pm    ::: Reply Reply with quote

Dear Lord,
Let it be so.



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toad455



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PostPosted: 01/09/19 9:51 pm    ::: Reply Reply with quote

Also, let's not get our hopes up that they reschedule games at Barclays this season. They might still play at WCC this season and move to Nassau in 2020. Still a major upgrade over WCC.



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Admiral_Needa



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PostPosted: 01/09/19 9:52 pm    ::: Reply Reply with quote

Great news... Cool

The #1 thing I always look for in an owner is "Do they have money coming out the wazoo?" Razz

And Joe Tsai certainly has that... and more! Mr. Green



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PUmatty



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PostPosted: 01/09/19 9:54 pm    ::: Reply Reply with quote

I wonder if they will change their name to the Brooklyn Liberty?


toad455



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PostPosted: 01/09/19 9:55 pm    ::: Reply Reply with quote

PUmatty wrote:
I wonder if they will change their name to the Brooklyn Liberty?


They shouldn't, especially if they play their games in Nassau.



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J-Spoon



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PostPosted: 01/09/19 10:10 pm    ::: Reply Reply with quote

I am absolutely getting my hopes up.

If the new owner has a major stake in the nets and there is little scheduling conflict I can't imagine why the new owner wouldn't want to move them to Barclays this season.
.


dab44lb



Joined: 16 May 2007
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PostPosted: 01/09/19 10:56 pm    ::: Reply Reply with quote

Please let this deal get finalized. And for God sake, please don't let them play in Nassau.



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Shades



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PostPosted: 01/09/19 11:01 pm    ::: Reply Reply with quote

toad455 wrote:
PUmatty wrote:
I wonder if they will change their name to the Brooklyn Liberty?


They shouldn't, especially if they play their games in Nassau.


Quote:
The Statue of Liberty is closer to New Jersey than New York and, in fact, resides in New Jersey’s waters. However, it has been established as part of the 8th Congressional District of New York according to the U.S. Geological Survey. New Jersey has never claimed rights to the island.


I’m not sure how you change the name of one of the founding WNBA teams that doesn’t move all that far, and I’m usually not sentimental like that.



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J-Spoon



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PostPosted: 01/09/19 11:09 pm    ::: Reply Reply with quote

While I wouldn't hate the Brooklyn Liberty (full disclosure I live in Brooklyn) there is no need for a name change because Brooklyn is part of NYC, and since I have already decided they are going to be playing in Brooklyn until told differently I feel no need to discuss any other possibilities.


root_thing



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PostPosted: 01/09/19 11:22 pm    ::: Reply Reply with quote

I think we're jumping the gun here. First of all, I don't know how Nassau even got into the conversation. Secondly, Barclays Center pushed out the Islanders because of low attendance. I know there were some hockey configuration issues, but still -- the economics for Barclays is a lot closer to MSG than WCC. I would think there are still similar issues to resolve.

I hope this deal goes through, but we had a rumor like this last year with another rich tech guy. Not getting worked up until the official announcement is made.



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And the colors of the day that lie along your arms
You must barter your life to make sure you are living
And the crowd that has come
You give them the colors
And the bells and wind and the dream
Richyyy



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PostPosted: 01/10/19 1:33 am    ::: Reply Reply with quote

J-Spoon wrote:
If the new owner has a major stake in the nets and there is little scheduling conflict I can't imagine why the new owner wouldn't want to move them to Barclays this season.

Because it's still going to be vastly cheaper to play somewhere like Westchester? I wouldn't expect big changes to the venues this season, but from 2020 hopefully they can come up with something better. If the ties with Dolan and MSG are severed there's no real reason for Westchester to be the choice even if the alternative is some small college venue rather than a giant place like Barclays.

root_thing wrote:
I hope this deal goes through, but we had a rumor like this last year with another rich tech guy. Not getting worked up until the official announcement is made.

If Feinberg's willing to get into specifics, I'd be willing to believe that this deal is very likely to be completed. But given all the false dawns I can't really blame you.



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ClayK



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PostPosted: 01/10/19 10:54 am    ::: Reply Reply with quote

This is very good news, regardless of where the team plays.

If the team plays in Barclays, it's tremendous news.

And though we'll never know, if actual money changes hands, it's the best news of all.



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PRballer



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PostPosted: 01/10/19 11:18 am    ::: Reply Reply with quote

I'm ecstatic and hopeful with this news. As a New York resident, I think I'm about to become a Nets season ticket holder - and then a Liberty one!

Fingers crossed!


Chip



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PostPosted: 01/10/19 12:29 pm    ::: Reply Reply with quote



DFWub2018



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PostPosted: 01/10/19 1:23 pm    ::: Reply Reply with quote

J-Spoon,

Wow, I was the same thing, like wtf!!!


CamrnCrz1974



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PostPosted: 01/11/19 12:44 am    ::: Reply Reply with quote

ClayK wrote:
This is very good news, regardless of where the team plays.

If the team plays in Barclays, it's tremendous news.

And though we'll never know, if actual money changes hands, it's the best news of all.



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Keeping an original WNBA franchise in the nation's biggest media market (and home of the NBA's headquarters) is a very good thing.


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