The San Diego Seals are a professional box lacrosse team based in San Diego, California , that competes in the National Lacrosse League (NLL). The team plays its home games at Pechanga Arena . The Seals began play in the 2018-2019 season .
29-509: On August 30, 2017, the NLL awarded an expansion franchise to the city of San Diego and owner Joseph Tsai , co-founder of the Chinese e-commerce platform Alibaba Group . Tsai, a La Jolla resident, "played lacrosse at Yale University and retains a passion for the sport." The franchise fee for San Diego and fellow expansion team Philadelphia Wings was a reported $ 5 million. On October 24, 2017,
58-608: A J.D. from Yale Law School , where he was articles editor of the Yale Law & Policy Review . Tsai became a tax associate at the white-shoe law firm of Sullivan & Cromwell after graduation and was admitted as an attorney to the New York bar on 6 May 1991. After three years at the law firm, he switched to private equity and joined Rosecliff, Inc., a small management buyout firm based in New York, as vice president and general counsel. He left for Hong Kong in 1995 to join
87-576: A 49% stake in the Nets from Russian billionaire Mikhail Prokhorov in a deal that valued the team at $ 2.3 billion, with the option to buy the remaining stake of the team no later than 2021. Tsai exercised that option in August 2019, and at the same time, bought the Nets' arena from Prokhorov for nearly $ 1 billion in a separate deal. Tsai's ownership in the Nets includes the Long Island Nets of
116-704: A decade, though now primarily reside in the La Jolla neighborhood of San Diego, California . Tsai still spends much of his time in Hong Kong for business and still has a home in Hong Kong. In January 2022, Tsai paid $ 188 million for a penthouse at 220 Central Park South . On 7 October 2019, Tsai weighed in after Houston Rockets general manager Daryl Morey posted a tweet supporting protesters in Hong Kong . In an open letter to all NBA fans on his Facebook page, Tsai explained, with reference to historical foreign invasions of China , that Morey's tweet triggered
145-475: A shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of shareholders on the business is determined by the shareholding percentage owned. Shareholders of corporations are legally separate from
174-465: A shareholding, the first one on the record is taken to control the shareholding, and all correspondence and communication by the company will be with that person. Shareholders may have acquired their shares in the primary market by subscribing to the IPOs and thus provided capital to the corporation. However, most shareholders acquire shares in the secondary market and provided no capital directly to
203-535: A strong negative sentiment in China against territorial losses, especially those perceived to have been caused or escalated by foreign entities, and separatist movements. In March 2016, Tsai donated $ 30 million to his alma mater, Yale Law School , in honor of his father to support the continuing work of the Law School's China Center and renamed it Paul Tsai China Center. In May 2017, Tsai and his wife, through
232-484: Is married to Clara Wu Tsai , a granddaughter of Wu San-lien [ zh ] , the first elected mayor of Taipei City . Wu spent her childhood in Lawrence, Kansas and is a graduate of Lawrence High School . Wu also graduated from Stanford University , where she studied international relations, and has an MBA degree from Harvard Business School . Tsai and Wu have three children. They lived in Hong Kong for over
261-744: The Lawrenceville School , in Mercer County, New Jersey , which was the single largest gift the school ever received. Tsai is a member of Lawrenceville's board of trustees. In late March and early April 2020 during the COVID-19 pandemic , the Tsais donated 2.6 million masks, 170,000 goggles and 2,000 ventilators to New York. On 20 April 2020, they donated $ 1.6 million of medical supplies to hospitals in San Diego . In August 2020,
290-813: The NBA G League and the Nets Gaming Crew of the NBA 2K League . In January 2019, Tsai headed a group that bought the WNBA 's New York Liberty from the Madison Square Garden Company . As a lacrosse varsity player at Yale, Tsai is also an avid supporter of the lacrosse sport. He is the owner of the San Diego Seals , and a co-owner of the Las Vegas Desert Dogs , both of which are professional box lacrosse teams in
319-880: The National Lacrosse League (NLL). Tsai co-owns the Desert Dogs with Wayne Gretzky , Dustin Johnson , and Steve Nash . He is also chairman of J Tsai Sports with investments in the upstart field lacrosse league, the Premier Lacrosse League and several sports media and technology companies based in North America and Asia. Tsai made his investment in the Premier Lacrosse League in February 2019, along with
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#1732783601024348-407: The community , etc., are typically considered stakeholders because they contribute value or are impacted by the corporation . A beneficial shareholder is the person or legal entity that has the economic benefit of ownership of the shares, while a nominee shareholder is the person or entity that is on the corporation's register of members as the owner while being in reality that person acts for
377-802: The Chernin Group and the Raine Group , helping fund the new lacrosse league founded by lacrosse player Paul Rabil and his brother Mike Rabil. In March 2018, Tsai joined a Michael Rubin -led group to buy the Carolina Panthers . The bid was ultimately unsuccessful. Tsai is also an investor in Major League Soccer franchise Los Angeles FC . In 2022, Tsai led an investment round in Just Women's Sports , an American media company dedicated to women's sports. He
406-724: The Chinese multinational technology company Alibaba Group and owns the Brooklyn Nets of the American National Basketball Association (NBA), the New York Liberty of the Women’s National Basketball Association (WNBA), the San Diego Seals of the National Lacrosse League (NLL), and has interests in several other professional sports franchises. Tsai's net worth is estimated to be US$ 8.1 billion. Tsai
435-473: The Joe and Clara Tsai Foundation, made another donation to Yale for the construction, launch, and programs of the center and named it Tsai Center for Innovative Thinking. The center’s mission is to inspire students from diverse backgrounds and disciplines to seek innovative ways to solve real-world problems. In June 2017, the Tsais, again through the Joe and Clara Tsai Foundation, made a donation to his high school,
464-556: The Swedish Wallenberg family 's investment conglomerate Investor AB , where he was responsible for its Asian private equity investments. It was in this role that he first met Jack Ma in 1999 in Hangzhou after being introduced by a friend who was trying to sell his own company to Ma. Tsai was impressed with Ma's idea to create an international import and export marketplace, as well as his charismatic personality, but it
493-553: The Tsais donated $ 50 million to social justice and economic equality initiatives to support BIPOC causes. In late 2020, the Tsais committed to contribute $ 50 million to Lincoln Center and the New York Philharmonic to facilitate the accelerated acoustical renovation of David Geffen Hall . On 3 August 2022, Lincoln Center and the New York Philharmonic announced the naming of the concert hall as
522-485: The United States often referred to as stockholder ) of corporate stock refers to an individual or legal entity (such as another corporation , a body politic , a trust or partnership ) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation . Shareholders may be referred to as members of a corporation. A person or legal entity becomes
551-655: The Wu Tsai Theater, as well as the naming of a Wu Tsai Series of concerts celebrating interdisciplinary works from diverse voices. In February 2021, the Tsais made a donation to Yale University to establish the Wu Tsai Institute which will launch an ambitious research enterprise devoted to the study of human cognition. In July 2021, the Tsais debuted the Wu Tsai Human Performance Alliance and pledged US$ 220 million to
580-430: The benefit or at the direction of the beneficial owner, whether disclosed or not. Primarily, there are two types of shareholders. An individual or legal entity that owns ordinary shares of a company (in the United States commonly referred as common stock) is usually referred to as an ordinary shareholder. This type of shareholding is the most common. Ordinary shareholders have the right to influence decisions concerning
609-456: The company by participating at general meetings of the company and in the election of directors and can file class action lawsuits, when warranted. Preference shareholders are owners of preference shares (in the United States commonly referred as preferred stock). They are paid a fixed rate of dividend, which is paid in priority to the dividend to be paid to the ordinary shareholders. Preference shareholders usually do not have voting rights in
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#1732783601024638-411: The corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liability for company debts is said to be limited to the unpaid share price unless a shareholder has offered guarantees. The corporation is not required to record the beneficial ownership of a shareholding, only the owner as recorded on the register. When more than one person is on the record as owners of
667-415: The corporation. Shareholders may be granted special privileges depending on a share class . The board of directors of a corporation generally governs a corporation for the benefit of shareholders. Shareholders are considered by some to be a subset of stakeholders , which may include anyone who has a direct or indirect interest in the business entity . For example, employees , suppliers , customers ,
696-574: The foundation to fund teams of experts and academics from Stanford University , the University of Kansas , the University of Oregon , University of California, San Diego , Boston Children's Hospital and the Salk Institute for Biological Studies . In 2017, Tsai received the George H.W. Bush '48 Lifetime of Leadership Award from Yale University. Shareholder A shareholder (in
725-521: The name of the franchise was revealed as the San Diego Seals. [1] updated 2023-12-18 NLL Transactions attendance First Round Selections Joseph Tsai Joseph Chung-Hsin Tsai ( Chinese : 蔡崇信 ; Pe̍h-ōe-jī : Chhòa Chông-sìn ; born January 1964) is a Taiwanese-Canadian billionaire business magnate, lawyer, and philanthropist. He is a cofounder and chairman of
754-587: The team had any experience in venture capital or law. He was Alibaba's executive vice chairman since May 2013 and became Chairman of the company in September 2023. He has become the second-largest individual shareholder of Alibaba after Ma. In September 2019, Tsai became the owner of the Brooklyn Nets of the NBA and chairman of Barclays Center . He initially invested in the NBA team in October 2017, purchasing
783-590: Was Ma's followers and their energy and enthusiasm that ultimately convinced Tsai. Later that year he quit the $ 700,000-a-year job at Investor AB and offered to join Ma as a member of the founding team. At the time each of Alibaba's 18 cofounders—of which Tsai was the only Western-educated member—accepted a salary of only $ 600 a year. He was chief operating officer, chief financial officer, executive vice chairman and founding board member. He single-handedly established Alibaba's financial and legal structure, since no other member of
812-590: Was born in Taipei , Taiwan, to Paul C. Tsai ( Chinese : 蔡中曾 ; Pe̍h-ōe-jī : Chhòa Tiong-cheng , d.2013), a second-generation lawyer, and Ruby Tsai. He has three younger siblings: Eva, Vivian, and Benjamin. The Tsai family had escaped to Taiwan as part of the Kuomintang exodus after the communists took over control of Mainland China in 1949 during the Chinese Civil War . At age 13, Tsai
841-570: Was sent to the U.S. to attend the Lawrenceville School in Lawrenceville, New Jersey , where he played both lacrosse and football (inside linebacker) and was a member of Cleve House. Tsai enrolled at his father's alma mater, Yale University . He played for the Yale varsity lacrosse team for four years and has remained a supporter of the team. Tsai earned a B.A. in economics and East Asian studies from Yale College in 1986. In 1990, he earned
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