Joe Tsai discussing minority sale of Nets, sources say

Brooklyn Nets owner Joe Tsai has discussed the possibility of selling a minority stake in the franchise to the Koch family, sources confirmed to ESPN.

The family's investment vehicle, 1888 Management, could potentially buy a stake in BSE Global, Tsai's holding company that controls not only the Nets but also the WNBA's New York Liberty and Barclays Center.

The Kochs are well known for their involvement in politics, particularly in funding conservative causes. Another prominent family in these circles, the Adelsons, recently purchased majority ownership of the Dallas Mavericks from longtime owner Mark Cuban.

Tsai purchased the Nets from Mikhail Prokhorov in 2019, after purchasing 49% of the team from the Russian billionaire the previous year.

Brooklyn is 21-33 this season heading into Thursday night's game against the Toronto Raptors and fired coach Jacque Vaughn on Monday after going 6-18 in the Nets' last 24 games.

Bloomberg was the first to break the news of the ongoing minority stake discussions.