In a stunning move that has fans buzzing coast to coast, Brooklyn Nets owner Joe Tsai has officially confirmed what insiders have been whispering for weeks: a star-studded group of Hollywood celebrities has purchased a minority stake in the Brooklyn Nets, becoming the latest A-listers to jump into the NBA ownership game.
Speaking at a surprise press event in Downtown Brooklyn, Tsai revealed that the new investment group is led by Oscar-winner Leonardo DiCaprio, hip-hop mogul Jay-Z (making his return to Nets ownership), actress and entrepreneur Zendaya, and comedy legend Kevin Hart.
“We’re excited to welcome this incredible group of partners to the Nets family,” Tsai said. “They bring unmatched passion, creativity, and global influence that aligns perfectly with the vision we have for this franchise.”
According to sources close to the deal, the group has acquired a combined 8% stake in the team, with plans to help expand the Nets brand internationally, create original media content, and boost community engagement in Brooklyn and beyond.
A New Era for the Nets?
This bold move signals a cultural shift in sports ownership, where entertainment and athletics continue to blend at a rapid pace. With DiCaprio said to be “very hands-on” with climate-focused arena initiatives, and Zendaya reportedly exploring a docuseries about the team’s rise, expectations are high.
Jay-Z, who previously held a minor stake in the Nets during their move from New Jersey to Brooklyn, called this “a homecoming.”
“Brooklyn’s in my blood. This is about more than basketball — it’s legacy,” he said via a statement.
Kevin Hart, meanwhile, joked:
“I’ve already demanded a custom-sized courtside seat and a shot at being the next team mascot. The ‘Brooklyn Kevs’ has a nice ring to it!”
What’s Next?
While the financial terms of the deal remain under wraps, industry analysts suggest the investment could value the franchise at over $4.5 billion, making it one of the most valuable teams in the NBA.
This move places the Nets in elite company, joining teams like the Golden State Warriors and Los Angeles Lakers in attracting celebrity investors with massive cultural reach.
And for fans? This could mean more global exposure, blockbuster halftime shows, and possibly even a feature film down the line (rumor has it DiCaprio is already eyeing a producer credit).
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