Alibaba founder in talks to buy New York arena
Joseph Tsai, who co-founded Alibaba Group with Jack Ma, is reportedly eyeing up Brooklyn's Barclays Center, which this year hosts shows by Iron Maiden and Ariana Grande
News By IQ | 1 April 2019
Joseph Tsai, co-founder and executive vice-chairman of ecommerce giant Alibaba Group, is reportedly in talks to acquire New York City arena Barclays Center.
The 19,000-capacity Barclays Center – home to basketball team Brooklyn Nets, of which Tsai already owns 49% – was 2018’s eighth busiest by ticket sales, according to Pollstar, selling nearly 817,000 tickets. It opened in 2012, and is currently owned by Brooklyn Events Center and operated by AEG Facilities and BSE Global (formerly Brooklyn Sports & Entertainment).
Both Barclays Center and the…
You've used your free article this month
Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.
