{"id":4172,"date":"2009-05-26T03:05:07","date_gmt":"2009-05-26T03:05:07","guid":{"rendered":""},"modified":"2009-05-26T03:05:18","modified_gmt":"2009-05-26T03:05:18","slug":"China-is-buying-into-the-NBA","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=4172","title":{"rendered":"China is buying into the NBA"},"content":{"rendered":"

\u201cAccording to multiple sources within the Cavs, franchise majority owner Dan Gilbert has a tentative agreement in place to allow a group of Chinese investors to purchase a significant stake in the Cavaliers Operating Company, the entity that owns the Cavs <\/strong>and operates Quicken Loans Arena. The group is led by JianHua (Kenny) Huang, a Chinese businessman who has become successful by linking American and Chinese companies<\/strong>\u2026 Becoming the [Michael] Jordan of China from a marketing standpoint would allow [LeBron] James to reach his goal of someday becoming the first billionaire athlete.<\/strong> Over the last few years James has been lagging behind more established stars like Kobe Bryant and even Tracy McGrady, a teammate of China\u2019s national hero Yao Ming of the Houston Rockets, in Chinese popularity. But his Most Valuable Player Award \u2014 an honor that brought Bryant to the top of the list in Chinese jersey sales within the last year \u2014 has gotten James huge attention. With increased interest with this deal, James could be in position to surge ahead.\u201d<\/p>\n

As some business leaders predicted China is starting to take over the world. Who would have thought Chinese companies would start owing NBA teams.<\/strong> This is just the beginning.<\/p>\n

Source www.slamonline.com<\/a><\/em>
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