The changing of the Nets’ hierarchy continues.
It was reported earlier this week that Alibaba co-founder Joseph Tsai is close to signing a deal to buy the remaining 51 percent of the Nets from current majority owner Mikhail Prokhorov. Tsai, as first reported by The Post, is also expected to complete a deal to purchase Barclays Center for more than $700 million.
As those purchases move toward becoming official, the Nets and Barclays Center will be looking for a new CEO. Brett Yormark is stepping down from that position at BSE Global, the Nets parent company, according to reports.
Yormark has spent 14 years with the team in this his second tour of duty with the Nets where he also worked in the late 1990s. During his most recent tenure he presided over the franchise’s move from New Jersey to Brooklyn and played an integral role in the development of Barclays Center, including operations, event and marketing, among other things.
Yormark will stay on as CEO until the sale of the Nets to Tsai is complete, according to Bloomberg. The report also stated that BSE Global has a town-hall meeting set for Friday.
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