Clara Wu Tsai and Joseph Tsai, owners of the Brooklyn Nets and the New York Liberty, are divorcing after nearly 30 years of marriage.

The couple confirmed the split in a statement relayed through a spokesperson to Page Six, describing the decision as mutual and "amicable." Their partnership, they said, will remain "strong" and "professional" (Page Six). The New York Post first reported the story, with Bloomberg confirming the details on 1 August 2026 (Bloomberg).

Joseph Tsai is the chairman of Alibaba, the Chinese e-commerce giant co-founded by Jack Ma. He and Clara Wu Tsai, who built her own career in finance before turning to philanthropy and sports ownership, have been fixtures in both the business and cultural worlds for decades. They also rank among the world's top 200 art collectors, according to ARTnews (ARTnews).

For sports fans, the most immediate question is what happens to the teams. The answer, per the couple's statement: nothing changes. The divorce will not affect their ownership stakes in the Nets or the Liberty (Yahoo Sports).

Joseph Tsai bought his initial stake in the Nets in 2017 and acquired full ownership of the team and its arena in 2019, in a deal that valued the franchise at US$2.35 billion. The couple also own the New York Liberty, the WNBA franchise they purchased in 2019. Both teams will continue under the same ownership structure, according to the statement.

The Tsais have been prominent beyond basketball. Through their foundation, they have funded educational, economic and social-justice initiatives, and Clara Wu Tsai has been a visible presence at Liberty games and in the team's community outreach. Their art collection, noted by ARTnews in its annual ranking of the world's leading collectors, spans contemporary and modern works, though specific holdings have not been publicly detailed.

The couple have kept the terms of their divorce private. Their statement offered no detail on financial arrangements, and no filings have been made public beyond the confirmation of the split itself. What the public got was a brief, measured message: two people ending a marriage of three decades, with their business and philanthropic interests intact.

For Nets and Liberty supporters, the practical takeaway is stability at the top. For anyone who follows the wider worlds of sports ownership, tech and collecting, the Tsais' next moves — together, separately, or both — will be worth watching.