Joe Tsai has agreed to sell a minority stake of BSE Global, the parent company of the Nets, New York Liberty, and Barclays Center, to investors Julia Koch and her children.
"We are pleased to welcome Julia Koch and her family to BSE Global," said Tsai in a news release.
Koch and her children will acquire 15% of BSE Global, but it is unclear what their day-to-day roles within the operation will be.
The Koch family, known for their political influence, has also invested heavily in the basketball program for Wichita State University.
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