Julia Koch and her family have an agreement to buy a 15 percent stake in BSE Global, the parent company of the Brooklyn Nets, New York Liberty and the Barclays Center, said a source briefed on the deal. The deal puts the valuation of the company at near $6 billion.
This is Koch’s first foray into sports ownership. She is the widow of David Koch, a billionaire who ran Koch Industries. She will invest into BSE herself but intends to include her three children into the endeavor. She is the 23rd wealthiest person in the world, according to Forbes, with personal holdings valued at $64.3 billion. She inherited a 42 percent stake in Koch Industries when David died in 2019, according to Forbes.
Representatives for the NBA and BSE have not responded to emailed questions.
Sportico was the first to report the news of the sale agreement.
(Photo: Bruce Bennett / Getty Images)
