Joe Tsai, Clara Wu Tsai to sell minority stake of BSE Global, parent company of Brooklyn Nets, to Julia Koch family. Pending NBA Board of Governors approval. Tsai remains chairman, governor of Nets; Clara Wu Tsai vice-chair, governor of New York Liberty.
Julia Koch's commitment to New York institutions seen as valuable for franchise. Partnership aims to increase investment in Nets and strengthen ties with Brooklyn, wider New York communities.
Julia Koch and her family's philanthropic mission aligns with supporting healthcare, education, and arts initiatives. Focus on areas where they live, work, and have educational ties to make a positive impact.
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