The Brooklyn Nets
are in the slow part of their offseason as they have already made it past the 2026 NBA Draft, summer league circuit, and free-agency after officially signing center Mo Wagner. Brooklyn will have at least one month of little-to-no activity before training camp talk starts to heat up, but there is a major event on the horizon that could change matters around the team moving forward."Joe Tsai and Clara Wu Tsai said Friday that their pending divorce won’t impact the ownership of their sports empire, which includes the NBA’s Brooklyn Nets, the WNBA’s New York Liberty and the economics of the Barclays Center," Scott Soshnick and Eben Novy-Williams of Sportico reported on Friday. Joe and Clara Wu Tsai had been owners of the Nets and WNBA's
New York Liberty since 2019.
"Joe will remain chairman and Clara will remain vice chair of [BSE]," the couple said in a statement following news of their divorce, per Soshnick and Novy-Williams. "Joe will remain governor of the Brooklyn Nets and Clara will remain governor of the New York Liberty. They will continue to own and be stewards of the teams with professional management in place as they always have."
For all intents and purposes, nothing should change with the Nets and/or Liberty given both Joe and Clara Wu remain governors of their respective professional basketball teams. The Tsais made an interesting move in 2024 when they sold 15% of Brooklyn Sports & Entertainment (BSE) Global to Julia Koch and her family at a $6 billion valuation, according to Soshnick and Novy-Williams.
As of this writing, the Nets are preparing to have a better 2026-27 NBA season than they did in 2025-26, especially after trading for Minnesota Timberwolves forward Julius Randle and selecting guard Mikel Brown Jr. with the No. 6 overall pick in the 2026 draft. For the Liberty, they are looking to make another run to the WNBA Finals with Breanna Stewart, Jonquel Jones, and Sabrina Ionescu leading the way.
This article originally appeared on Nets Wire: Nets, Liberty owners Joe, Clara Wu Tsai divorce won't impact teams
