Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai as joined the Michael Rubin-led group trying to buy the National Football League’s Carolina Panthers, according to people familiar with the deal.
Tsai would be a limited partner in the group, said the people, who requested anonymity because the matter is private. It wouldn’t be Tsai’s first foray into U.S. sports: Last year he agreed to buy a 49 percent stake in the Brooklyn Nets with the option to take control of the NBA franchise in 2021.