Joseph Tsai and Clara Wu Tsai to divorce, ownership stakes unaffected

Yahoo Sports1 min read • Latest: Jul 31, 2026, 9:23 PM

Last updated Jul 31, 2026

Joseph Tsai and Clara Wu Tsai to divorce, ownership stakes unaffected
Summary

Joseph Tsai and Clara Wu Tsai, owners of the Brooklyn Nets and New York Liberty, announced their divorce in a statement released today. The couple confirmed that their separation is amicable and they will maintain their professional partnership in running the teams and Brooklyn Sports and Entertainment. Joseph Tsai will continue as chairman and governor of the Nets, while Clara Wu Tsai remains as vice chair and governor of the Liberty. Their long-term plan includes involving their three children in the business. The couple has been married since 1996 and has three children.

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Key Details
  • Joseph Tsai and Clara Wu Tsai are divorcing but will remain business partners.
  • Their roles in Brooklyn Sports and Entertainment will remain unchanged.
  • They plan to involve their children in the teams' operations.
Latest Updates
  • 9:23 PMYahoo SportsNets, Liberty owners Joseph Tsai and Clara Wu Tsai to divorce, will not affect ownership stakes
What they're saying
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In a statement shared with multiple outlets, the Tsais said that they would remain 'professional' partners and would continue to hold their roles in the teams and their parent company, Brooklyn Sports and Entertainment.

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