Joe Tsai might buy ownership stake in Miami Dolphins. How many teams does he own?

Are the Miami Dolphins the next sports team to fall under Joe Tsai's ownership umbrella?

The 60-year-old Taiwanese-Canadian businessman is reportedly in talks to buy part of the Dolphins from current owner Stephen Ross . Under the reported deal, Tsai would receive 3% ownership stake in the team with another 10% going to private equity firm Ares Management Group . The deal would include the Dolphins , Hard Rock Stadium and the Miami Grand Prix F1 race.

Ross, the 84-year-old West Palm Beach resident who has owned the Dolphins since 2008, had previously tried selling a limited stake in the Dolphins in April to billionaire Ken Griffin . He has previously said he intends to leave his share of the team to his daughters.

The Dolphins would be Tsai's first venture into NFL ownership, but sports fans are already familiar with him. Tsai and his wife, Clara Wu Tsai, are co-owners of the NBA's Brooklyn Nets and the WNBA's New York Liberty, as well as a host of other teams. Here's what to know about Tsai:

What teams does Joe Tsai own?

Joe Tsai is best known by sports fans as the owner of the Brooklyn Nets. He bought the team from Russian magnate Mikhail Prokhorov in 2019 after taking 49% ownership the previous year. Tsai also runs the Barclays Center, where the Nets play their home games.

Earlier in 2019, Tsai bought the New York Liberty of the WNBA. He also has ownership stakes in two Premier Lacrosse League teams, the San Diego Seals and Las Vegas Desert Dogs, as well as Los Angeles FC of Major League Soccer.

How did Joe Tsai make his money?

Joe Tsai co-founded Alibaba, a Chinese online marketplace that started in 1999. It is ranked 41st on Forbes' Global 2000 list and has posted more than $113 billion in revenue this past year.

Joe Tsai net worth: How much is Joe Tsai worth?

According to Forbes , Joe Tsai is worth $9.8 billion. It ranks Tsai the 260th richest person in the world.

Does Joe Tsai still work for Alibaba?

Joe Tsai became CEO of Alibaba in 2013 and currently serves as the company's chairman. He is the second highest individual shareholder in Alibaba after founder Jack Ma.

Joe Tsai wife: Meet Clara Wu Tsai

Joe Tsai is married to Clara Wu Tsai, who was born in Lawrence, Kansas in 1966. She is a philanthropist and social justice advocate who co-founded the Joe and Clara Tsai Foundation , which aims to provide equitable support for Black, indigenous and people of color communities.

The couple has three children: Alex, Dash and Jacob.

What is Ares Management?

Ares Management is a private equity firm that describes itself as "a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes." It was founded in 1997 with its assets under management worth $447 billion.

If the reported deal goes through, Ares would be the first private equity group to have an ownership stake in an NFL team. The NFL recently changed its ownership rules to allow institutional investors, seeking to attract billions in capital and boosting team valuations.

Contributing: Nick Pugliese, Palm Beach Post

This article originally appeared on Palm Beach Post: Joe Tsai might buy ownership stake in Miami Dolphins. How many teams does he own?