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Cavs deal falls apart
Source: Agencies |
August 28, 2010, Saturday
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Print Edition
Print Edition
CHINESE businessman Kenny Huang has pulled out of a deal to buy a minority stake in the Cleveland Cavaliers NBA team. A Cavaliers spokesman confirmed on Thursday that a partnership between the group headed by Huang and the Cavs never materialized. Earlier this month, Huang also pulled out of a proposed takeover of English Premier League club Liverpool. The Cavaliers said they will maintain a relationship with Huang's company for business development in China.
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