Economy

Brooklyn Nets owners pledge $50 million to create ‘economic mobility’ in Black community

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Owner Joe Tsai of the Brooklyn Nets against the Philadelphia 76ers during the game at Barclays Center on December 15, 2019 in the Brooklyn borough of New York City.

Matteo Marchi | Getty Images

The Brooklyn Nets, led by owners Joe and Clara Wu Tsai, are pledging $50 million over 10 years to establish and support they hope will lead to economic mobility in the Black community.

The couple will lead a “five-point plan,” which will include continued support for its players pushing for social and economic equality and address wage gaps in communities of color, starting in Brooklyn. The plan will also address diversity within the Nets organization and the National Basketball Association league…



Source cnbc.com

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