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Koch Family Member Looking to Buy Nets Stake, Report

Julia Koch, a member of the billionaire Koch Family, is reportedly in talks to buy a 10% stake, according to Bloomberg News.
The Brooklyn Nets. Photo: Richard Burroughs for BK Reader.

Julia Koch, a member of the billionaire Koch family, is in talks to acquire a stake in the National Basketball Association’s Brooklyn Nets, according to Bloomberg News. 

Citing people close to the matter, Bloomberg reported that Koch is considering buying an approximate 10% stake in BSE Global, the Nets holding company that also owns Barclays Center, and the WNBA’s New York Liberty team, among other sporting assets.

The talks are ongoing and there’s no assurance a deal will be reached, the people said. Julia Koch is the widow of David Koch, who passed away in 2019. 

The Nets’ majority owner is Alibaba Group Holding Ltd. co-founder Joseph Tsai, who bought 49% of the Nets in 2017.