If the investment was in the "mid-teens" as a percentage, a 15% share would be $67.5 million. Divided nine ways, that's $7.5 million each, though it's likely that Alibaba founder Jack Ma, who was announced in May, is the lead investor, according to NetsDaily. He's the only man.
The money will help build the Liberty's new $80 million practice facility in Greenpoint, due in 2027.
As reported by NetsDaily, citing a BSE Global announcement, the investors are:
- Robin Roberts, co-anchor of ABC’s Good Morning America, who often gets to sit courtside with Clara Wu Tsai, who takes the lead with the Liberty while husband Joe Tsai takes the lead with the Brooklyn Nets
- Olivia Walton, wife of a grandson of the Wal-Mart founder, and chair of Crystal Bridges Museum of American Art in Fayetteville, Arkansas
- Amy Griffin, founder of the venture capital firm G9 Ventures and author of a memoir, The Tell, which may not be entirely credible
Synergy at work
What's notable to me is the synergy.
Roberts surely loves
sitting courtside, adding a bit of celebrity buzz. That also can rub off
on the political allies BSE Global might seek.
The photo below shows Wu
Tsai and Roberts flanking New York Gov. Kathy Hochul. (We'll ignore the
now-departed Brooklyn Net Ben Simmons.)
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Also note that one investor announced in May was Karen Finerman, co-founder and CEO of Metropolitan Capital Advisors and a longtime panelist on CNBC's Fast Money.
In May 2024, Finerman hosted Wu Tsai in a friendly interview on her podcast “How She Does It” titled, "What it's really like to own a basketball team."
Now Finerman can answer that question herself, and perhaps schedule a friendly group interview with others in her select cohort.
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