Alibaba’s Joe Tsai explains why he bought a 3% stake in the Miami Dolphins: 'I'm a football fan'

Citing his experience playing high school football, Alibaba Chairman Joe Tsai told CNBC's David Faber that the purchase, estimated at more than $200 million, also includes Miami's Hard Rock Stadium. "It's a collection of great assets under one roof," he said at CNBC's two-day CONVERGE LIVE event.