Brooklyn Nets Executive Brett Yormark Plans to Step Down as CEO
- Move comes as Joe Tsai nears deal to acquire basketball team
- Yormark was instrumental to team’s relocation from New Jersey
The Brooklyn Nets logo is seen at half-court before a game at Barclays Center in the Brooklyn borough of New York.
Photographer: Jesse D. Garrabrant/NBAE via Getty Images
Brett Yormark, the top executive behind the Brooklyn Nets and Barclays Center arena, is stepping down ahead of an impending ownership change at the basketball team, according to a person familiar with the matter.
Yormark will announce on Friday morning that he’s resigning as chief executive officer of BSE Global, the Nets’ parent company, said the person, who asked not to be identified because the decision hasn’t been made public yet. His departure comes as Alibaba Group Holding Ltd. Executive Vice Chairman Joe Tsai prepares to assume control of the Nets and Barclays Center from Russian billionaire Mikhail Prokhorov.