The Kochs will buy 15 percent of BSE Global, with the reported value of the company's sports holdings being $6 billion, indicating they will pay $900 million for their stake.
Julia Koch and her children, inheriting 42% of Koch Industries, are investing in BSE Global, highlighting their interest in sports and entertainment business.
Julia Koch and her family's involvement in BSE Global will not change the management of the teams, reaffirming the continuity under Joe and Clara Tsai's leadership.
The partnership between the Kochs and the Tsais aims to increase investment in the Nets franchise, leveraging the unique bond between the teams and the Brooklyn community.
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