owner Joe Tsai has admitted he had 'no idea' how to be the owner of a sports franchise upon his initial investment into the team in 2017.Tsai, a Taiwanese-Canadian billionaire who co-founded e-commerce company Alibaba, bought 49 percent of the Nets seven years ago before fully taking over for previous owner Mikhail Prokhorov in 2019.And Tsai, by his own telling, didn't have much knowledge of the before investing his billions into the Nets, in quotes first reported by .
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