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Billionaire Joseph Tsai has agreed to purchase a 49 percent stake of the Brooklyn Nets from Mikhail Prokhorov, with the option to become controlling owner in four years, a person with knowledge of the details said Friday. The person spoke on condition of anonymity because there were no public comments about the sale, which must be approved by the NBA's Board of Governors. Tsai is the co-founder and executive vice president of the Alibaba Group, a Chinese e-commerce company. Continue to Article

October 27, 2017 8:18:pm EST

Alibaba co-founder Joseph Tsai will have the option to become majority owner of the Nets in 2021. Alibaba co-founder Joseph Tsai will purchase the 49 percent stake in the Brooklyn Nets that owner Mikhail Prokhorov has long been trying to unload, per ESPN.com’s Adrian Wojnarowski and Zach Lowe. The 53-year-old executive vice chairman of the Chinese e-commerce company will buy the minority stake for roughly $1.13 billion — 49 percent of a $2.3 billion valuation of the team — with an option to assume majority ownership of the franchise from Prokhorov in 2021, according to the report. Continue to Article

October 27, 2017 9:30:am EST

Eric Gordon hit a 3-pointer at the buzzer to lift the Houston Rockets to a 105-104 win over the Philadelphia 76ers on Wednesday night. The Sixers were sloppy down the stretch and used a series of bad decisions and bad plays to cough up a lead that had stretched to 11. Joel Embiid was whistled for goaltending, and the Sixers had Jerryd Bayless take a shot with the game still on the line instead of Embiid or Ben Simmons. Continue to Article

October 25, 2017 9:43:pm EST

PHILADELPHIA (AP) -- Philadelphia 76ers rookie guard Markelle Fultz will miss the next three games with soreness in his right shoulder. Fultz, the No. 1 pick in the 2017 NBA draft, has had problems with his shoulder all season that have greatly affected Continue to Article

October 25, 2017 1:03:pm EST