Brooklyn Nets CEO David Levy is out from his post less than two months after team owner Joe Tsai hired him, it was announced on Tuesday.

The team said in a press release that Levy and the franchise “mutually agreed to part ways.”

Tsai — a Chinese-Canadian businessman who is the co-founder and executive vice chairman of Alibaba Group —  thanked and praised Levy for his short tenure with the Nets in a tweet:


Levy, who spent six years as president of Turner Broadcasting, also previously served as head of Tsai’s investment firm J Tsai Sports. The new Brooklyn Nets owner hired Levy to become the organization’s CEO on Sept. 18 — the same day Tsai finalized his acquisition of the Nets and Barclays Center.

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As CEO of the Nets, Levy was in charge of overseeing revenue, business, operations and strategy for the organization and Barclays Center. J Tsai Sports CEO Oliver Weisberg is reportedly set to replace Levy on an interim basis.

NBA fans, pundits and others were quick to respond to the news of Levy’s departure on Twitter with dozens of memes, GIFs and other jokes about his short tenure:


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