Julia Koch and her children are buying a minority stake in BSE Global, adding to the $6 billion value of the company's sports holdings. The Kochs would pay $900 million for their 15 percent share. The deal requires NBA Board of Governors approval.
Joe Tsai will remain chairman of BSE Global and governor of the Nets, with Clara Wu Tsai as vice-chair. The management of the teams will not change. Julia Koch’s commitment to New York institutions is seen as a valuable addition to the franchise.
Julia Koch expressed excitement for their involvement with BSE Global, the Nets, the Liberty, and the Brooklyn community. Both the Kochs and the Tsais aim to shape and advance the future vision for the teams and community.
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