Clara Wu Tsai and Joe Tsai Announce Divorce While Retaining Joint Control of Nets, Liberty and Barclays Center

Overview

• The couple confirmed an amicable decision to end their marriage and said they will continue to manage their shared business and cultural ventures together.
• Joe Tsai will remain chairman of Brooklyn Sports & Entertainment and governor of the Brooklyn Nets, and Clara Wu Tsai will stay vice chair of BSE and governor of the New York Liberty.
• Their representatives said there is no planned sale of the teams or Barclays Center and that day-to-day operations and leadership positions will not change for now.
• The Tsais intend to keep collaborating through the Joe and Clara Tsai Foundation and the Brooklyn Social Justice Fund, and they have ongoing major gifts to arts and research institutions.
• The couple married in 1996, they have three adult children who are expected to play a role in family stewardship, and prior minority stake sales mean long-term ownership could change depending on future legal or financial steps.