The story appears on

Page B15

October 10, 2009

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Sports » Basketball

Cavs shareholder Huang eyes Tigers

CLEVELAND Cavaliers shareholder Kenny Huang is awaiting approval to become the first foreign owner of a Chinese Basketball Association club, local media reported yesterday.

The Chinese-born American financier, who works with baseball's New York Yankees and bought a minority share in the NBA's Cavaliers earlier this year, had agreed to buy the Jilin Northeast Tigers, who are valued at US$80 million, Xinhua said. Foreign enterprises are banned from holding shares in any professional basketball team in China and so the deal would have to be approved by the CBA, according to the Titan Sports newspaper. Huang's prospects of getting the nod will be improved by the parlous financial state of the CBA league, which lost US$17 million last season with the Tigers among the teams losing most money. The Shanghai Sharks, another struggling club, was bought by former player and Houston Rockets center Yao Ming in July.


Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend