Joe Tsai Is Big in Business. Now He’s Taking On Women’s Basketball.


The Liberty will start their season towards the Indiana Fever at Westchester County Center on Friday, however the brand new proprietor, Joe Tsai, doesn’t plan to have the staff’s sojourn north of New York City proceed for much longer.

“I would say that the Liberty playing in Westchester County, in an arena that has a capacity of less than 3,000, is not ideal,” he stated in an interview at an upscale resort just lately, shortly after arriving in Manhattan on an extended flight from China. Bloomberg estimates that Tsai, one of many founders of the Chinese e-commerce big Alibaba Group, is value virtually $11 billion.

Tsai, who accomplished the acquisition of the Liberty from the Madison Square Garden Company earlier this 12 months, was in city to look at his new staff tackle the Chinese nationwide staff in an exhibition at Barclays Center. In April’s W.N.B.A. draft, the Liberty chosen Han Xu, a 6-foot-9 19-year-old who has been in comparison with Yao Ming, in the second spherical.

Could Han and her Liberty teammates have a brand new dwelling at Barclays Center subsequent season?

“It’s one of the possibilities,” Tsai stated, including that the staff was in search of a website followers can be enthusiastic about, and that they might simply get to.

Tsai has owned the Liberty for only some months, however he has already developed a sporting philosophy that Jonathan Kobl, the Liberty’s normal supervisor, will make sure you admire.

“Leaving the professionals to do what they do best,” is how Tsai described his administration model. “I am well-versed in business. I have had 20 years at Alibaba; before that, I was in the investment business. But I can’t tell you whether this player is the better player to sign.”

Tsai steps into ladies’s basketball at a fraught time. The W.N.B.A. simply named Deloitte’s Cathy Engelbert as its new commissioner, after Lisa Borders resigned as president in October. The league’s players, who have been increasingly vocal about what they consider low pay and poor working conditions, have exercised their option to terminate the collective bargaining agreement after the season.

None of this seems to worry Tsai. Instead, he is focused on building the fan base for the Liberty and the W.N.B.A. as a whole. If that happens, he believes, things like television rights and sponsorships will suddenly be more valuable, and many of the league’s problems will solve themselves.

“Once those things have value,” Tsai said, “there are economics to spread around with the players, team, staff, owners. But without a critical mass fan base, it is very difficult to make all of the other economics work.”

The Liberty are Tsai’s second New York-based basketball team. He also owns 49 percent of the Nets, and has the option to take full control of the team in about 18 months.

“Under the terms of the transaction, fully public, I have the option to buy the remaining 51 percent by early 2021,” he said, declining to comment further, or to comment on reports that he is looking to purchase the team and Barclays Center sooner than 2021. “I have that right, and that’s basically it. That’s what I want to say.”

Tsai also owns the San Diego Seals, an indoor lacrosse team.

He fell in love with lacrosse, which he played at Yale, and football while a student in the late 1970s and early 1980s at the Lawrenceville School, a boarding school in Lawrence, N.J. As a 165-pound teenager, Tsai played as a blocking back in a single-wing formation on offense, and as an inside linebacker in a thoroughly outdated 5-2 defense.

“I am like Jack Lambert!” he said while laughing.

He did not fall for basketball until later, when as a student at Yale Law School he would play pickup at Payne Whitney Gym. One of his frequent opponents, whom Tsai described as a gym rat with a good outside shot, was Brett M. Kavanaugh, a future Supreme Court justice. Kavanaugh played for the Yale junior varsity team before attending Yale Law School.

Both of Tsai’s sons, one in middle school and one in high school, play basketball. His wife, Clara Wu Tsai, grew up in Kansas and is a Kansas Jayhawks fan. Tsai said he frequently watched Nets games on N.B.A. League Pass while traveling.



Source link Nytimes.com

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