Joseph Tsai and Clara Wu Tsai, owners of the Brooklyn Nets and New York Liberty, are divorcing after 30 years of marriage.
“Clara Wu Tsai and Joe Tsai have decided to end their marriage, a decision they came to mutually and with great respect for one another,” a spokesperson for the couple said in an exclusive statement to Page Six.
“Over the years, their relationship evolved into more of a partnership, one of running their businesses and raising their children together. While they have grown apart, their divorce is amicable and their relationship remains a strong, professional partnership.”
Joe Tsai and Clara Wu Tsai at the 2024 Liberty ticker-tape parade in New York City Stephen Yang for NY PostThe statement also addressed the arrangement with the couple’s business ventures.
“Joe will remain Chairman and Clara will remain Vice Chair of Brooklyn Sports and Entertainment,” it read. “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. In the long run, they also plan to involve their children.”
Joe and Clara have three adult children: Dash, Alex and Jacob. They married in October 1996.
Ownership of Alibaba, the technology company Joe helped found, will not be impacted.
Nets owner Joseph Tsai and his wife Clara Wu sit court side in the second half at Barclays Center, Thursday, Oct. 6, 2022, in Brooklyn, NY. Corey Sipkin for the NY POST“There are no plans to sell any Alibaba shares and Joe’s role as Alibaba Chairman is not affected by this development,” the statement read.
“Joe and Clara remain deeply committed to continuing their existing philanthropic and community work. They are both driven by the best interests of their family, businesses, and communities, and are dedicated to continue working together as partners.”
The couple acquired full ownership of the Nets and Liberty in 2019 for $2.35 billion, which was the most expensive purchase of an American sports franchise at the time.
They had obtained a 49 percent stake the year prior. Clara’s involvement led to the Liberty relocating from MSG to the Barclays Center, the home of the Nets in Brooklyn.

1 hour ago
3
English (US)