Brooklyn Nets and New York Liberty owners Clara Wu Tsai and Joseph Tsai are ending their nearly 30-year marriage. <\/p>\n
A spokesperson for the prominent couple told Page Six in an exclusive statement, \u201cClara Wu Tsai and Joe Tsai have decided to end their marriage, a decision they came to mutually and with great respect for one another.<\/p>\n
\u201cOver the years, their relationship evolved into more of a partnership, one of running their businesses and raising their children together. While they have grown apart, their divorce is amicable and their relationship remains a strong, professional partnership.\u201d<\/p>\n
Clara Wu Tsai and Joseph Tsai (pictured above at a 2014 event) are divorcing after nearly 30 years of marriage. Theo Wargo<\/p>\n
A representative for the Brooklyn Nets and New York Liberty owners (seen here at the 2024 New York Liberty Ticker Tape Victory Parade) announced the split to Page Six. NBAE via Getty Images<\/p>\n
The statement also touched on the future of their many business ventures, explaining, \u201cTheir decision will not affect the business operations of Brooklyn Sports and Entertainment, the Brooklyn Nets or the New York Liberty.<\/p>\n
\u201cJoe will remain Chairman and Clara will remain Vice Chair of Brooklyn Sports and Entertainment. Joe will remain Governor of the Brooklyn Nets and Clara will remain Governor of the New York Liberty. They will continue to own and be stewards of the teams with professional management in place as they always have.<\/p>\n
\u201cIn the long run, they also plan to involve their children,\u201d the statement added, referring to their three grown children. <\/p>\n
\u201cOver the years, their relationship evolved into more of a partnership, one of running their businesses and raising their children together,\u201d the statement to Page Six read, adding that the divorce is \u201camicable.\u201d (They are seen at a Brooklyn Nets game in 2022.) NBAE via Getty Images<\/p>\n
Joe (seen at a game at Barclays Center with Clara in 2019) will remain Chairman and Clara will remain Vice Chair of Brooklyn Sports and Entertainment. Joe will continue to be Governor of the Brooklyn Nets, while Clara will stay Governor of the New York Liberty. NBAE via Getty Images<\/p>\n
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As for technology company Alibaba, the statement read, \u201cThere are no plans to sell any Alibaba shares and Joe\u2019s role as Alibaba Chairman is not affected by this development.\u201d<\/p>\n
The statement concluded, \u201cJoe and Clara remain deeply committed to continuing their existing philanthropic and community work. They are both driven by the best interests of their family, businesses, and communities, and are dedicated to continue working together as true partners.\u201d<\/p>\n
Joe, 62, and Clara, 60, married in October 1996 in New York City. He currently resides in Hong Kong, while she lives in the United States.<\/p>\n
The business tycoons are parents to three children (all seen at the 2019 NBA Awards). AFP via Getty Images<\/p>\n
\u201cIn the long run, they also plan to involve their children,\u201d the statement read. (The family is seen at the \u201cUnfinished Business\u201d premiere in 2022.) Getty Images for Tribeca Festival<\/p>\n
During the course of their almost three-decade marriage, the two have accomplished impressive business and philanthropic feats.<\/p>\n
Joe co-founded Alibaba Group in 1999 and is the company\u2019s chairman today. <\/p>\n
Clara and Joe acquired full ownership of the Brooklyn Nets<\/a> and New York Liberty in 2019 for $2.35 billion \u2014 a deal that became the most expensive purchase of an American sports franchise at the time. They first obtained a 49 percent stake in 2018<\/a>.<\/p>\n Clara\u2019s involvement led to the WNBA team NY Liberty relocating to Barclays Center in Brooklyn.<\/p>\n Joe said in a statement at the time of the deal regarding the NBA team and the arena, \u201cWith full ownership of the Nets and Barclays Center, we will continue to bring our exciting brand of basketball to our fans. We\u2019ve made a strong commitment to Brooklyn and it will be a privilege to present the best of Barclays Center with its great entertainment to our community.\u201d<\/p>\n According to the statement, Clara and Joe (pictured at The Asian American Foundation in May 2026) will \u201cremain deeply committed to continuing their existing philanthropic and community work.\u201d Getty Images for The Asian American Foundation (TAAF)<\/p>\n Joe and Clara (pictured at TAAF Heritage Month Awards Dinner in 2024) married in October 1996. Getty Images for The Asian American Foundation<\/p>\n As for their philanthropic accomplishments, the couple launched the Joe and Clara Tsai Foundation in 2014, an organization focusing on arts, science and social justice.<\/p>\n In 2020, they created the Social Justice Fund \u2014 pledging $50 million \u2014 to aid economic mobility in Brooklyn.<\/p>\n She then founded the Wu Tsai Human Performance Alliance in 2021. The organization studies\u00a0elite performance including females athletes, injury recovery and prevention, equipment design, and the science of exercise and fitness.\u00a0<\/p>\n Clara, who is a Stanford University and Harvard Business School alum, is also a founding partner for REFORM Alliance to help reform criminal justice.<\/p>\n Joe and Clara were last seen speaking at The Asian American Foundation Heritage Month Summit and Celebration in May 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"Brooklyn Nets and New York Liberty owners Clara Wu Tsai and Joseph Tsai are ending their nearly 30-year…\n","protected":false},"author":2,"featured_media":836436,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[574],"tags":[64,63,726,5997,1582,10052,76519,27101,10054,1581,5607,51624,85],"class_list":["post-836435","post","type-post","status-publish","format-standard","has-post-thumbnail","category-basketball","tag-au","tag-australia","tag-basketball","tag-brooklyn-nets","tag-celebrity-breakups","tag-celebrity-couples","tag-celebrity-divorces","tag-celebrity-families","tag-celebrity-marriages","tag-celebrity-news","tag-exclusive","tag-new-york-city-society","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/836435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=836435"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/836435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/836436"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=836435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=836435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=836435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}